Belgium Tax Man Has Poker Pros In Sight
By Casinomeister, Last updated Oct 3, 2014
May be hit by 75 percent tax on earnings
According to finance publication tijd.be, professional poker players whose earnings are deemed to fall in the top tax bracket may be subjected to a 75 percent tax on earnings.
While the casual poker player is exempt from paying tax, if their earnings are deemed exceptional, around twenty Belgian poker professionals have reportedly been identified by tax authorities as falling within the top tax bracket. These individuals were sent requests from authorities to declare their winnings some time ago (see previous InfoPowa reports).
Tax authorities told tijd.be: "A person who plays poker regularly and devotes much time and energy to it as a profession must report their earnings as earned income".
"Those whose earnings are in the top tax bracket would be taxed at 75%," confirmed tax lawyer Michel Maus.
Online Casino News Courtesy of Infopowa
More news
here.
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
