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Casino


Taxation Casino

TAXATION FOR CASINO AND LIVE CASINO

Important Notice: PS.gr from 16/09/2022 absorbs the 100% of the taxation for net profits up to 500€ for Casino & Live Casino!

 

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.

 

According to applicable law in Greece, our player’s profits are subject to the following tax rates per Casino/Live Casino player session:

  • 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)

*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).

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€.

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