I play a bit as a hobby and may be coming over next year. In Australia I don’t have to pay any taxes as its recreational but in countries such as America I would have to. So i guess my question is; if i win money playing poker while in the Philippines am I legally supposed to pay any taxes on it?
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One Response
Lopez
February 11th, 2010 at 10:22 pm
1You can contact the Local government of Philippines about this. If you make the money in the US, you will have to pay taxes and it depends on your total earnings for the whole year. Also, most states impose an income tax of their own. However on the 1040 form there is a spot for gambling, lottery, etc. winnings. Also your winnings must be more than your losses so you need accurate and provable records, bank deposits of money in and money out.
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