Belgium to Tax Poker Pros at 75 Percent
If you happen to be a professional poker player, you probably don’t want to be living in Belgium.
The European nation and home to the European Union has decided to tax poker pros at an astonishing 75%.
Belgium's financial portal tijd.be reports that authorities were looking to change the way in which taxes for poker players are calculated in the country.
From PokerNews.com:
Although according to the Belgian legislation the winnings coming from gambling are not taxable, the money won at poker by professional players should receive a different treatment, as it is not considerable as an "exceptional event."
According to Belgium's administration, "an individual who plays poker regularly and who devotes enough time and efforts to the game to make it a profession should declare his winnings as if they were any other form of professional income," the news portal LaLibre.be reports.
- Patrick Flanagan, Gambling911.com
