Tuesday, May 17, 2016

In Spain fell Tax Collection By Lottery Awards – The Game Daily (press release) (blog)

fell 17.7% in the first quarter of 2016, revenue from the Tax Agency Spain with the tax on lottery prizes, which reached 237.3 million euros, compared to the same period 2015, when the figure was € 288.4 million.

This follows the Monthly Report Revenue March 2016, in which indicates that the bulk of this tax was collected via Income tax on Individuals (income tax).

Specifically, the tax Agency raised 236.4 million euros through income tax for this tax to March, 17.4% less than a year earlier. Meanwhile, through corporate tax 830,000 euros, 58.2% less.

The Government of Mariano Rajoy announced in 2012 its decision to end the tax exemption enjoyed by the winners were entered prize lottery draws, and the launch of a new tax since 1 January 2013. Thus, a tax of 20% for prizes with an amount exceeding 2,500 euros was created.

in the whole of 2013 this tax managed to raise 268.2 million euros (remember that was exempt the Christmas Draw 2012, although the award is already charged in 2013), far from the 824 million Hacienda he estimated that would be achieved. The amount rose to 458.9 million euros in 2014 and eased slightly to 451 million in 2015.

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