Pinocasino tax deduction higher than 5.3% ?

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Expert

Xavi22

Forum posts: 1.756 Member since: 14.06.2019

18th Feb. 2022, at 04:41 pm CET#10

2 Likes

Liked this post: CashOut, TWiSTeD

Dux_Pino_Casino wrote on 18.02.2022 at 14:39: Dear Community;

Due to the legal regulations in Germany, we are forced to pay a tax of 5.3% on each bet. As you already know, there are casinos that cover the taxes themselves, but accordingly lower the RTP of the games to sometimes below 90%.

We, as well as other casinos operating under the license of N1 Interactive Ltd. , have decided to pass on these costs to the player, but make NO changes to the gaming experience or payout ratio

As you may have noticed, a bet of 0,10€ will be charged with a fee of 0,01€. Since the system displays two digits, we have to work with a rounding procedure. However, we would like to point out that we round down ALSO in the sense of the players.

Example:
Stake 0,10€ - Fee 0,01€
Stake 0,20€ - fee 0,01€
Stake 0,30€ - fee 0,02€
Stake 0,40€ - fee 0,02€
Stake 0,50€ - fee 0,03€
Stake 0,60€ - fee 0,03€
Stake 0,70€ - fee 0,04€
Stake 0,80€ - fee 0,04€
Stake 0,90€ - fee 0,05€
Stake 1,00€ - fee 0,05€

We hope we could explain the situation to you and wish you a lot of fun and luck!

Best regards,
The PinoCasino team.

I would be interested to know to whom you have forwarded this tax. Which of you is the responsible tax office? And what was the total amount of tax in the second half of 2021?

This post has been translated automatically

Expert

DieWunderharke5000

Forum posts: 1.076 Member since: 07.11.2020

Pinocasino tax deduction higher than 5.3% ?

18th Feb. 2022, at 04:41 pm CET#11

1 Like

Liked this post: CashOut

Dux_Pino_Casino wrote on 18.02.2022 at 14:39: Dear Community;

Due to the legal regulations in Germany, we are forced to pay a tax of 5.3% on each bet. As you already know, there are casinos that cover the taxes themselves, but accordingly lower the RTP of the games to sometimes below 90%.

We, as well as other casinos operating under the license of N1 Interactive Ltd. , have decided to pass on these costs to the player, but make NO changes to the gaming experience or payout ratio

As you may have noticed, a bet of 0,10€ will be charged with a fee of 0,01€. Since the system displays two digits, we have to work with a rounding procedure. However, we would like to point out that we round down ALSO in the sense of the players.

Example:
Stake 0,10€ - Fee 0,01€
Stake 0,20€ - fee 0,01€
Stake 0,30€ - fee 0,02€
Stake 0,40€ - fee 0,02€
Stake 0,50€ - fee 0,03€
Stake 0,60€ - fee 0,03€
Stake 0,70€ - fee 0,04€
Stake 0,80€ - fee 0,04€
Stake 0,90€ - fee 0,05€
Stake 1,00€ - fee 0,05€

We hope we could explain the situation to you and wish you a lot of fun and luck!

Best regards,
The PinoCasino team.

The really exciting question that no one has been able or willing to answer for me yet: Do you and everyone else really already pay the taxes to the German treasury month after month? Or where does all the money go? To an extra account in case it really has to be paid sometime or does the money already flow to the state?

Since the introduction I have already paid 5.000€ of this tax. And I actually only play small stakes. Extrapolated to all players, these are really unbelievable sums.

This post has been translated automatically

Experienced

CashOut

Forum posts: 425 Member since: 21.02.2021

Pinocasino tax deduction higher than 5.3% ?

18th Feb. 2022, at 05:22 pm CET#12

0 Likes

Nobody has liked this post so far

Good question. I'd like to see proof of this, because it should be possible to see where your taxes are going
You can claim a lot.

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Top Member

TWiSTeD

Forum posts: 889 Member since: 05.06.2021

Pinocasino tax deduction higher than 5.3% ?

18th Feb. 2022, at 05:59 pm CET#13

1 Like

Liked this post: hustlehoff

Xavi22 wrote on 02/18/2022 at 16:41 PM

I would be interested to know who you have forwarded this tax to. Which of you is the responsible tax office? And what was the total amount of tax in the second half of 2021?

you will not get an answer to this question

This post has been translated automatically

Amateur

observer

Topic Creator

Forum posts: 126 Member since: 09.08.2020

Pinocasino tax deduction higher than 5.3% ?

19th Feb. 2022, at 12:53 am CET#14

1 Like

Liked this post: TWiSTeD

dersawen wrote on 02/18/2022 at 17:59

you will not get an answer to this

This is how it looks like. No plausible answers to normally asked questions. That will also have its reasons not to answer this here.

This post has been translated automatically

Rookie

Mehlsau85

Forum posts: 48 Member since: 12.11.2019

Pinocasino tax deduction higher than 5.3% ?

19th Feb. 2022, at 01:11 am CET#15

1 Like

Liked this post: CashOut

As with Videoslots.com at least 1 cent per spin otherwise 5.3 percent PER SPIN. Means on 1cent stake come 50cent taxes per Euro. All criminals

This post has been translated automatically

Expert

Klempo77

Forum posts: 1.338 Member since: 01.01.2019

Pinocasino tax deduction higher than 5.3% ?

19th Feb. 2022, at 06:29 am CET#16

2 Likes

Liked this post: CashOut, TWiSTeD

Dux_Pino_Casino wrote on 02/18/2022 at 2:39 PM

We, as well as other casinos operating under the license of N1 Interactive Ltd. , have decided to pass these costs on to the player in exchange for NO changes to the gaming experience or payout ratio

Best regards,
The PinoCasino Team.

RTP at playngo is about 87%...,which is well below standard 96%. So much above.
Wen still in addition tax comes, lies payout ratio somewhere between, 75% and 80%. Very generous of you

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Legend

Stromberg

Forum posts: 5.092 Member since: 17.07.2017

Pinocasino tax deduction higher than 5.3% ?

19th Feb. 2022, at 08:40 am CET#17

0 Likes

Nobody has liked this post so far

Klempo77 wrote on 19.02.2022 at 06:29
RTP at playngo is around 87%...,which is well below standard 96%. So much above that.
Wen on top of that tax comes, payout ratio is somewhere between, 75% and 80%. Very generous of you.

So at Duxcasino run the playngo games with ca.96% RTP. At Pino I do not play, but will probably also be so...

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Top Member

TWiSTeD

Forum posts: 889 Member since: 05.06.2021

Pinocasino tax deduction higher than 5.3% ?

19th Feb. 2022, at 08:49 am CET#18

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Nobody has liked this post so far

Stromberg wrote on 19.02.2022 at 08:40
So at Duxcasino the playngo games run with ca.96% RTP. I don't play at Pino, but will probably be the same...

pino, BoD

The average RTP is 87.25%.

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B****6

Forum posts: 46 Member has been banned

Pinocasino tax deduction higher than 5.3% ?

19th Feb. 2022, at 09:17 am CET#19

0 Likes

Nobody has liked this post so far

observer wrote on 19/02/2022 at 00:53
This is what it looks like. No plausible answers to normally asked questions. That will also have its reasons not to answer this here.

Managers are not allowed to say that their boss has the latest Bugatti in the garage since last Christmas....

This post has been translated automatically

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Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

Pinocasino tax deduction higher than 5.3% ?

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