The Treasury will be able to enter 180.2 million euros thanks to the Christmas Lottery draw next Monday if the first three prizes are distributed, according to the calculations of the technicians of the ministry (Gestha), who link the increase in levies of 4.55 million compared to last year to increase of five sets.
Thus, the number of prizes increases by 765,200, up to 30,301,920, and their amount increases by 70 million euros, up to 2.772 million. In this context, the ‘prime’ for public coffers increases despite the fact that the tax-exempt minimum has been maintained since its creation. increased in 2020 to 40,000 euros.
In anticipation of the Christmas draw, the technicians explain that tax 20% prizes starting from 40,000 euros, the lucky ones who succeed the fat man, who distributes 400,000 euros to the tenth, they will receive 328,000 euros, while the Treasury will keep the remaining 72,000. Those who are lucky enough to second prize -125,000 euros per tenth- they will deliver 17,000 euros to the Treasury, and the winners of the third prize -50,000 euros per tenth- will have 2,000 euros deducted.
In this context, Gestha calls for caution when taking out “reimbursement insurance”. lottery taxes and remember that the receipt of compensation equivalent to the retained privilege must be included in the personal income tax return in addition to the general revenue assets, as well as the rest of the revenues subject to the general scale, corresponding to the year in which they are received.
Regarding the amount that corresponds to the Treasury, automatically reduced at the same time, the prize is collected, so that the winner directly receives the amount already reduced by the tax. Whether the price is individual or commona 20% hold is applied and, from there, participants they receive the net part it corresponds to them according to their contribution. To recover it, one or more people can go to the bank, but all co-owners must be identified before state lotteries and betting and declare what percentage they had. He bank The price will be deposited into the account of the owner who carries out the procedure and he will distribute among the others.
Increase in rewards obtained by foundations and associations
Technicians warn that in 2024 there was a fort improvement of the grand prizes obtained by companies, foundations and associations, which have multiplied by more than 43, which contrasts with the drastic declines recorded in 2021 and 2023. having multiplied for more 14 prices the higher amounts obtained by non-residents, who will not have to declare them when justifying the withholding.
For years, Gestha had been asking change the law to avoid potential fraud, until the Anti-Fraud Law of 2021 introduces a provision in the Gaming Law authorizing the National Agency of Tax Administration (AEAT) to sign agreements with the State National Lottery and Betting Company and the National Organization of the Spanish Blind (ONCE), which, starting from 2023 and 2024, respectively, report monthly to the State AEAT. prices paid, with or without deduction, of the recipient and his legal representative, date of the draw, date and method of payment of the prize and withholding if it has taken place.
Tax investigations for money laundering
However, Treasury technicians insist that they be authorized to open tax and money laundering investigations into the 243.7 million paid to legal entities for prices of more than 40,000 euros between 2021 and 2024, not prescribed, as well as to carry out an analysis of the 246.7 million grand prizes paid in 2024 to non-residents.
While there is no date for the negotiation of tax reform, Treasury technicians reiterate their request to the Government to reconstitute the budget minimum exempt rewards State lotteries or CC.AA., ONCE and Red Cross to the first 2,500 euros, because they consider that to be so would discourage gamblingand they see “no fiscal or economic justification” for not taxing a random gain of 40,000 euros, and instead taxing an unemployment benefit or a grant of 1,000 euros.
And they add that big prizes have no impact on the winners’ income tax and therefore do not affect them. apply for scholarshipsassistance benefits or other public aid which depends on income and not on assets, since the amount of the price is not included in the personal income tax base, but it will have to be included in the wealth tax if your total net assets reach minimum to present it.
Finally, Gestha emphasizes that to reduce tax evasion, we must not increase exemptions, but rather fight against evasion by giving greater powers and responsibilities of technicians of the Ministry of Finance to improve the collection and control of taxes and public spending.
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