Player Withholding Tax (PWT) FAQ

Player Withholding Tax Examples:

The following examples illustrate how Profits are calculated for a Gaming Session for poker and casino games:

Example 1
In a Gaming Session period you play only in cash games which completed in the Gaming Session period and you leave the table with €300 and had staked €220.

Your Profit for player withholding tax for the Gaming Session is €80 and therefore below the €100 threshold and no withholding tax is due.

Example 2
In a Gaming Session period you play in three  €20 Sit & Go tournaments which completed in the Gaming Session period where you win €150 on one of those tournaments but do not win in the other two.

Your Profit for player withholding tax for the Gaming Session is €90 (€150 less €20 less €20 less €20) and therefore below the €100 threshold and no withholding tax is due.

Example 3
In a Gaming Session period you play in a €10 scheduled tournament which completed in the Gaming Session period where you do not cash. You later in the same Gaming Session play a €5 scheduled tournament and win €150.

Your Profit for player withholding tax for the Gaming Session is: €135 (i.e. €150 less €5 less €10).

After deducting the €100 allowance your player withholding tax due will be €35*15%= €5.25

Example 4
In a Gaming Session period you play in cash games which completed in the Gaming Session period where you leave the table with €300 and had staked €80. You are still at tables in cash games when the Gaming Session ends, where you have so far staked €40 and won €10.

Your Profit for player withholding tax for the Gaming Session is: €220 (ie €300, less €80).

After deducting the €100 allowance your player withholding tax due will be €120*15%= €18

The €40 stakes and €10 win will be accounted for in the subsequent Gaming Session.

Example 5
In a Gaming Session period you play in the same cash games at set out in example 4, but you also register for a tournament in the Gaming Session for €20 and that tournament starts in a later Gaming Session.

Your Profit for player withholding tax for the Gaming Session is: €200 (ie €300, less €80, less €20).

After deducting the €100 allowance your player withholding tax due will be €100*15%= €15

Any winnings from the later tournament that has been entered will be included in the calculation of Profits earned for the Gaming Session when the tournament completes.

Example 6
As per example 4, but you also register (for €20) and play in a satellite tournament in the Gaming Session and win a seat to a target tournament (that will take place in a subsequent Gaming Session) that otherwise has a cash buy in of €100.

Your Profit for player withholding tax for the Gaming Session is: €200 (ie €300, less €80, less €20).  The seat won in the target tournament is not included in the calculation of Profit for withholding tax purposes as you have not yet won cash, or cash equivalent.

After deducting the €100 allowance your player withholding tax due will be €100*15%= €15

Any winnings from the target tournament will be included in the calculation of Profits earned for the Gaming Session when the target tournament completes.

Example 7
As per example 6, but you also register (for €15) and play in a second satellite tournament in the Gaming Session and win a second seat to the same target tournament (that will take place in a subsequent Gaming Session and that otherwise has a cash buy in of €100).  You then receive Tournament Dollars of €100 instead of the second seat in the same target tournament.

Your Profit for player withholding tax for the Gaming session is: €285 (ie €300, less €80, less €20, less €15 and plus €100).  The first seat won in the target tournament is not included in the calculation of Profit for withholding tax purposes as you have not yet won cash, or cash equivalent.  However, as Tournament Dollars can be used to buy into other tournaments, or sold to other players  the Tournament Dollars have a cash value.

After deducting the €100 allowance your player withholding tax due will be €185*15%= €27,75.

Any winnings from the target tournament will be included in the calculation of Profits earned for the Gaming Session when the target tournament completes.

Example 8
As per example 6, and then in the next Gaming Session you play in the target tournament and win €700

Your Profit for player withholding tax for that next  Gaming Session is: €700

After deducting the 100 allowance your player withholding tax due will be €400*15% + €200*20% = €100

Example 9
In a Gaming Session period you play at a Roulette table which completed in the Gaming Session period where you won €300 and had wagered €220.

Your profit for player withholding tax for the gaming session is €80 and therefore below the €100 threshold and no withholding tax is due.

Example 10
In a Gaming Session period you play at a Blackjack table which completed in the Gaming Session period where you won €340 and had wagered €200.

After deducting the €100 allowance your player withholding tax due will be €40*15%= €6.

Example 11
In a Gaming Session period you play at a Blackjack table which completed in the Gaming Session period where you won €340 and had wagered €200.

You then play at ring games which completed in the same Gaming Session period where you leave the table with €100 and had staked €220.

Your profit for player withholding tax for the gaming session is €140-€120=€20 and therefore below the €100 threshold and no withholding tax is due.

The following examples illustrate how Profits are calculated for sportsbook bets:

Example 1
You bet 40 columns of €0.25 each (i.e. a total of €10) on an accumulator with 250 odds and, overall, win €2,500. No player withholding tax will be deducted since a net winning of €62.25 per column (i.e. the overall net winnings of €2,490/40 columns) is below the tax free amount of €100 per column.

Example 2
You bet 20 columns of €0.25 each (i.e. a total of €5) on an accumulator with 900 odds and win, overall, €4,500. Net winnings are €224.75 per column (i.e. the overall net winnings of €4,495/20 columns). No player withholding tax will be deducted for net winnings up to €100. The remaining net winning of €124.75 is subject to player withholding tax at 15%, so €18.71 per column, meaning total tax withheld of €374.20 (i.e. €18.71 x 20). The player will receive €4,125.80 (€4,500-€374.20).

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