I would like to open an account with you but do have some questions beforehand.
1) Who is responsible/liable for „mistakes“ such as wrongly displayed odds or falsely evaluated bets (both in your and my favour)?
2) How does the accounting with the fiscal authorities work in regards to the betting tax? Would I have to pay the tax? How much is it and to which fiscal authority is it going to be paid? Are there ways to set this off tax liability? Would the tax also apply if I betted or lived outside Germany (e.g. if I am registered abroad)?
3) Could I experience any difficulties in my interaction with banks if I betted, played poker casino games?
4) Are bets legal in Germany or not? Some bookies exclude German customers from its services, others hold a license in Schleswig-Holstein, others charge a 5% tax and yet others do not charge the tax but offer bets on the German market.
5) Is there an exchange in data with other companies or authorities, e.g. does the fiscal authority enquire about turnover, profit and account balance?
6) How will the betting business in Germany develop? Will the supply/offer or wagers be limited?
7) How does the verification work? Which documents are necessary? When will it be undertaken and
how long does it take approx.?
8) Could you recommend any sites or contact persons that provide independent information about bets, bookies (e.g. their seriousness) and so on?
Kind regards and a happy new year