Casino
Taxation Casino
According to applicable law in Greece, our player’s profits are subject 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 on 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).
This tax bracket will be covered by Pamestoixima.gr!* - 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)
How is the tax amount returned to the player for Casino and Live Casino?
The tax attributable for each gaming session is absorbed by PS.GR during tax withholding process.
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 500€
The first 100€ of the net winnings are tax free.
On the next 400€, 15% tax is applied, which is covered by Pamestoixima.gr: 400€ x 0,15 = 60€.
So the player actually receives the winnings intact, hence 500€.
C) Player has net winnings of 700€
The first 100€ of the net winnings are tax free.
On the next 400€, 15% tax is applied, which is covered by Pamestoixima.gr: 400€ x 0,15 = 60€.
On the next 200€, 20% tax is withheld: 200€ x 0,2 = 40€.
So the player actually receives the amount of 700€ - €40 = 660€.
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 800€.
On the next 500€ 20% tax is withheld: 500€ x 0,2 = 100€.
So, the player receives the amount of 1000€ - €160 = 840€.
*For net winnings that are equal to or above 800€, total tax amount is covered by the player.