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Did you know that Sports Toto is taxed?

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totostrong
Did you know that Sports Toto is taxed?

Did you know that Sports Toto is taxed? Sports Toto players are mainly users of proto. However, some people don't know that the state collects a certain amount of taxes if they win the proto. Let me explain about that.


Unlike major sites and safety playgrounds, Proto is a public service project conducted in Korea. The proceeds are also collected by the state and of course taxes are collected from the winners. Winners receive the right amount after taking out a certain amount of tax.


Then, how is Sports Toto taxed? I'll let you know the criteria.


First of all, users with less than 2 million won in prize money among proto winners are not taxed, so they don't pay taxes. In addition, if the Sports Toto dividend rate does not exceed 100 times, it is equally tax-free.


However, if the prize money is less than 2 million won and the dividend rate of Sports Toto exceeds 100 times, it is subject to taxation, so we collect taxes.


If the Sports Toto dividend rate is more than 100 times and the prize money is less than 100,000 won, there is no tax because it is non-taxable, but if the prize money is more than 100,000 won, only the remaining amount excluding the tax is net profit. However, if the dividend rate is 100 times and the prize money is 100,000 won, the betting amount is 1,000 won, so I don't usually bet at this small amount.


So if the dividend rate is more than 100 times and it hits the mark, it should be considered that it pays almost taxes. https://strongtoto.com

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