How to file for tax for online poker winnings in SG?

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How to file for tax for online poker winnings in SG?

Postby lokchua » Fri Feb 15, 2013 8:19 pm

Ater graduation from college, I made my living by trading stocks online and playing poker on pokerstars at home for like 3 years. This year, I got a letter from IRAS this year asking me to file for income tax on the website. As far as I know, profits from stocks are not taxable. But I cannot find any info about online poker winnings.

Do I need to declare the online poker winnings and pay for the income tax? Does anyone know about this tax issue? Thanks for the help!
lokchua
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