US Gambling Tax Treaty

[ImaDocker]

From IRS Website:Tax TreatiesGambling income of residents (as defined by treaty) of the following foreign countries is not taxable by the United States: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Netherlands, Russian Federation, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Tunisia, Turkey, Ukraine, and the United Kingdom.Well done on the win Mark, and the added bonus of keeping the 30%! Hope all the other PNW'ers have access to one of the above foreign passports, and good luck for the rest of the series!

[Kentish Man]

So if you live in Australia but have a British passport your winnings in the US are tax free? I am curious as I plan to win the big one next year

[gaz]

Kentish, that is right.Previously you needed a passport from one of those countries AND an ITIN from the IRS, but now the WSOP apply for ITIN for you at time they pay your winnings (tax free).Now all I need to do is win something!

[Sea of Ghosts]

Canada and Australia do not have a tax treaty with the United States?Yet both of these countries give so much to the United States and keep on giving and giving and giving.Does not seem right!

[ganui01]

questioneven if the US wont detract 30% for tax, your country of origin still should keep part of the profits or not? Or in Vos case, he can just put them in an australian account without incurring in any tax from south african gov either?

[Sea of Ghosts]

Does Negraneau pay 30% on all his winnings?He is Canadian, is he not?

[PunterSThompson]

Hi all, have I got this right?If I cash, I personally don't have a passport from any of those countries. However, my wife's father has a British passport. I can transfer the money to him as 'my backer', and the WSOP will issue him with an ITIN? He personally wouldn't be there tho - is that necessary?