Post by account_disabled on Mar 13, 2024 0:57:01 GMT -6
Gestha warns that foundations, associations and non-profit entities multiplied the Lottery prizes by eight, mainly from the Christmas draw, reaching the incredible figure of 427.7 million euros in 2019. Although the number of prizes subject to the lottery tax decreased almost by half, 42% due to the increase in the exempt minimum of each tenth prize winner in 2019 from euros to euros, last year 294 million were distributed of euros more in large prizes, of which, the entities and companies received million more, “a spectacular increase of more than 700%” - says Gestha -, by also hoarding another 85.1 million prizes that the families did not win. Table 2. Collection accrued from the Lottery Levy gesture painting Amounts in millions of euros. The Tax on Lotteries has been applied since.
Source: Technicians from the Ministry of Finance based on AEAT statistics Gestha has been warning since 2017 that the collection of prizes by entities and companies had skyrocketed , and AOL Email List insisted on modifying the Corporate Tax law so that the prizes won by legal entities pay at least the lottery tax to prevent Companies and entities in losses or partially exempt do not pay taxes and obtain a refund of the 20% withholding. According to their calculations, until October of this year 2020, legal entities would have won 340 million in Lottery prizes of more than 40,000 euros each , a figure that will increase after the Christmas draw. For four years, technicians have been demanding that the AEAT allow them to open a tax investigation and money laundering program for foundations, associations and other non-profit entities that accumulate 99.5% of the prizes obtained by people. legal entities, as well as people who win big prizes in different raffles.
However, finally in the "suspicious prizes" will be able to be investigated, when the tax fraud prevention law being processed in Congress comes into force, which will allow the AEAT to "immediately know" the prizes paid with or without withholding. identify the winner, the dates of the draw or bet and the payment of the prize, among other relevant data, something that Gestha demanded several years ago. The prizes have no impact on the personal income tax of the winners, who only add to their declaration the returns generated by the money earned, such as bank interest. In this framework, the Treasury technicians ask the coalition government to restore the minimum exemption from Lottery, ONCE and Red Cross prizes.
Source: Technicians from the Ministry of Finance based on AEAT statistics Gestha has been warning since 2017 that the collection of prizes by entities and companies had skyrocketed , and AOL Email List insisted on modifying the Corporate Tax law so that the prizes won by legal entities pay at least the lottery tax to prevent Companies and entities in losses or partially exempt do not pay taxes and obtain a refund of the 20% withholding. According to their calculations, until October of this year 2020, legal entities would have won 340 million in Lottery prizes of more than 40,000 euros each , a figure that will increase after the Christmas draw. For four years, technicians have been demanding that the AEAT allow them to open a tax investigation and money laundering program for foundations, associations and other non-profit entities that accumulate 99.5% of the prizes obtained by people. legal entities, as well as people who win big prizes in different raffles.
However, finally in the "suspicious prizes" will be able to be investigated, when the tax fraud prevention law being processed in Congress comes into force, which will allow the AEAT to "immediately know" the prizes paid with or without withholding. identify the winner, the dates of the draw or bet and the payment of the prize, among other relevant data, something that Gestha demanded several years ago. The prizes have no impact on the personal income tax of the winners, who only add to their declaration the returns generated by the money earned, such as bank interest. In this framework, the Treasury technicians ask the coalition government to restore the minimum exemption from Lottery, ONCE and Red Cross prizes.