Hello @arthurj,
Thank you for your response. I have a few more questions:
(1) Could you please ask your official contractor to help us with the information about the tax situation regarding the 1100-GCP prize for the list of countries of the participants? I suppose a professional can handle this in a single working day for a given list of countries (~10?). If each team will search for that on its own, it may take about a month of work altogether (~3 hours x 50 teams).
(2) Many university classes / online courses spread $50-500 GCP (or similar) among students for homework assignments. Do these students also have to pay the relevant tax? If not, then why?
(2b) The same question is about other online competitions (crowdAI, Kaggle, etc.).
(3) Let’s assume that tax is 30% (from 1100 GCP) and there are 3 people in a team. Who should pay $330 cash tax? Only the team leader? Or $110 each team member?
(4) Will 1100 GCP expire right after Round 2?
(4b) If 1100 GCP expires while not being used, do I still have to pay tax?
Thank you in advance!