tax on winnings from outside of EU

dreamwalker · 02-10-2008 3:33pm #1

Hi Everyone,

I was searching the boards but I couldn't find an answer to this. I understand that quite a few of you are making substantial income playing on servers abroad (partypoker, fulltilt itp). Do you have to declare your income and pay any taxes on this? I know that this is not the case with paddy poker for example, but then they are based in Ireland.

Also, seems quite a lot of people are using neteller and such. Wouldn't it be easier to just make withdrawals to your debit/credit card? Or is there something I am not aware of here?

Could someone shed some light on this issue please?

Thank you very much for your help and I apologize if this has been brought up earlier.

max_power · 02-10-2008 4:24pm

There is no tax on gambling, wins/losses in Ireland. Doesn't matter where the servers are. /thread

Mellor · 02-10-2008 4:27pm

And I don't think paddy powers servers are in ireland, their offices are,
but so are full tilt's

30something · 02-10-2008 4:34pm

I'm outta here.

OP could be Revenue Official :pac::pac::pac:

hotspur · 02-10-2008 10:01pm

And most sites don't offer the facility to credit withdrawals onto one's credit card.

Macspower · 02-10-2008 11:54pm

30something wrote: »

I'm outta here.

OP could be Revenue Official :pac::pac::pac:

true... if so can I please write off my losses for the year???

thanks... btw I never won anything EVER

We discussed this at length once where my accountant included my withdrawls from a poker site as earnings for my business as it was paid inot my business account.. He had to be put right on the matter and it was taken off..
No tax on winnings in Ireland... YET

dreamwalker · 03-10-2008 11:26am

thank you for the replies!

nice1franko · 03-10-2008 2:10pm

Macspower wrote: »

true... if so can I please write off my losses for the year???

+1

mytree33 · 05-10-2008 5:27pm

thanks from the info

tax on winnings from outside of EU

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