How do pros pay tax?

LarryZhang

New User
As we know, many top ranked players choose to live in Monte Carlo.
Good training facilities, close to most of tourneys and low tax (or even no tax?)

And for sure they've gotta pay tax to the country where they play, but how do they pay tax to their resident country? And why do they have to?

Tennis players dont have employers (correct me if im wrong), so i guess nobody actually know how much they've earned.
Like prize money+sponsors?
Then how much tax do they have to pay?

And how do they confirm that they are actually living in the place they told?
Buying a property?

For example, lets hypothesize, Caroline Woz bought a house in Monte Carlo, but she is actually living in Copenhagen with her friends or families most of the time.
Then? No tax?

I dont know much about the pro tour...
So...plz ignore this thread if you know everything and think its totally stupid...:)
 

Bartelby

Bionic Poster
They may not be employees, but they are probably employers with a business structure so they'd pay company tax where their company is incorporated and if they draw a wage from the company they'd pay income tax in their principal place of residence, Monte Carlo, where they're either eligible to rent or buy property. But this is guess work.
 
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GS

Professional
Lots of professional athletes establish residence in Florida, where there's no state income tax.
Plus, pro tennis players can live and train in all that heat and humidity there, and be prepared for bad conditions anywhere in the world.
 

batz

G.O.A.T.
I don't know about the rest but Murray is tax resident in the UK. I guess he'll pay himself via a limited company.
 

Matsui

New User
They pay the tax rate of the country (or state) where they make that income for the week. Just like pro golfers or pro basketball players etc.
 

KHSOLO

Semi-Pro
As we know, many top ranked players choose to live in Monte Carlo.
Good training facilities, close to most of tourneys and low tax (or even no tax?)

And for sure they've gotta pay tax to the country where they play, but how do they pay tax to their resident country? And why do they have to?

Tennis players dont have employers (correct me if im wrong), so i guess nobody actually know how much they've earned.
Like prize money+sponsors?
Then how much tax do they have to pay?

And how do they confirm that they are actually living in the place they told?
Buying a property?

For example, lets hypothesize, Caroline Woz bought a house in Monte Carlo, but she is actually living in Copenhagen with her friends or families most of the time.
Then? No tax?

I dont know much about the pro tour...
So...plz ignore this thread if you know everything and think its totally stupid...:)

Ask Boris, he probably has a phd on that
 

RoddickAce

Hall of Fame
For example, lets hypothesize, Caroline Woz bought a house in Monte Carlo, but she is actually living in Copenhagen with her friends or families most of the time.
Then? No tax?

A taxpayer may be deemed a resident of more than one country, and be subject to the tax laws of each of those countries.
 
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