For us travelling poker players, every expense, the flight tickets, accommodation, food and sundries, they all add up real quick. So, to be a profitable player, the last thing we need is to be taxed on our poker winnings. Well, this is a good news article about tax. I’m looking forward to playing regular live tournaments in Phnom Penh, the capital of Cambodia, and in Cambodia there is zero tax on poker winnings. That’s zero for tournament winnings and zero for cash winnings.
Furthermore, payouts are in USD so there is worries about carrying bundles of cash in another currency or rushing off to an exchange before your flight out. This compares favorably to say USA, with a 30% withholding tax on large tournament cashes for many players, or even Vietnam say with a 10% tax on tournament profits.
All the more reason to head to Nagaworld for their next big series!