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of <h1>Rule 133 sets formulas for calculating online gaming net winnings for tax, aggregating accounts and excluding internal transfers</h1> Rule 133 prescribes formulas to compute net winnings from online gaming for tax provisions: net winnings for the year equals withdrawals plus closing balance minus non-taxable deposits and opening balance; net winnings in the first withdrawal equals that withdrawal minus non-taxable deposits and opening balance (floored at zero); subsequent withdrawals subtract prior taxed winnings as well; end-of-year account net winnings use aggregate withdrawals and closing balance less non-taxable deposits, opening balance and previously taxed winnings (floored at zero). 'Non-taxable deposit', 'taxable deposit' and 'withdrawal' are defined; multiple accounts are aggregated; internal transfers between a user's accounts with the same intermediary are ignored; promotional credits usable only for play are excluded unless later recharacterised as withdrawable, when treated as taxable deposits.
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