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Casino


Taxation Casino

TAXATION FOR CASINO AND LIVE CASINO

According to the applicable law in Greece, our player’s profits are subjected to tax rates per Casino/Live Casino player session. The player session is defined as the time between the player logins on his account until the player logs-out (participating in the Casino/Live-Casino games). In case there is a player disconnection for Technical or Regulatory reasons, the current player session will be considered as completed and Tax will be calculated and deducted (if the winning amount is Taxable).

Tax rates are calculated as follows:

  • Tax 0%: player session net profit up to 100€
  • Tax 15%: player session net profit from 100.01€ to 500€ (Tax is charged on the profits which exceed 100€ per player session). *
  • Tax 20%: player session net profit from 500.01€ or more (Tax is charged on the profits which exceed 500.01€ per Casino/Live-Casino player session)

*Pamestoixima.gr covers a tax amount in Casino of up to 60€ for net winnings up to 499€. For net winnings that are greater than or equal to 500€, the total tax amount is covered by the player.

 

Examples:

Α) Player has net winnings of 90€

No tax is withheld since the net winnings are less than 100€.

Β) Player has net winnings of 499€

The first 100€ of the net winnings are tax free.

On the next 399€, 15% tax is applied, which is covered by Pamestoixima.gr: 399€ x 0,15 = 59,85€.

So, the player receives the winnings intact, hence 499€.

C) Player has net winnings of 500€

The first 100€ of the net winnings are tax free.

On the next 400€ 15% tax is now withheld: 400€ x 0,15 = 60€, as the total net profit is above 500€.

So, the player receives the amount of 500€ - €60 = 440€.

D) Player has net winnings of 1000€

The first 100€ of the net winnings are tax free.

On the next 400€ 15% tax is now withheld: 400€ x 0,15 = 60€, as the total net profit is above 500€.

On the next 500€ 20% tax is withheld: 500€ x 0,2 = 100€.

So, the player receives the amount of 1000€ - 100€ - 60€ = 840€.

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