PokerStars, Full Tilt move to dot-GR sites in Greece

[The Buzz]

The Rational Group's online poker sites (PokerStars and Full Tilt Poker) are now complying with Greek online gambling laws, offering their games only on .gr sites.

The sites share a player pool with the larger .eu sites, but they may not be the best deal for players, though.

Winnings of €100 or higher are taxed at 15%, automatically withheld at the end of the day. The tax rate rises to 20% for daily winnings above €500. The impact of the new “Player Withholding Tax” is substantial: Calculated on a daily basis, it is impossible to net out losses from winnings over time. Money received through promotional bonuses and other prizes is thought to be exempt.

http://pokerfuse.com/news/poker-room...innings-22-11/

[universal4]

Are winnings taxed or is revenue taxed?

If you deposit 500 and win 100 and try to cash out 500, are the taxes only on the 100?

Rick
Universal4

[TheGooner]

It appears that the tax is applied on winnings while they are in your account - calculated daily.
This clearly is a tax grab - and is not appropriate - unless you can some how get a tax credit for losses?

So you can lose 100 Euro on day one, then win 100 Euro on day two - be still taxed at 15% at end of your winning day (15 Euros).
Madness - if it stays like that I do not expect dot GR sites to be around long tem.