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Lottery tax less than 40,000

 

Prizes below € 40,000 from January 1, 2020 are tax exempt.

Although lottery administrators continue to request its total suppression, the controversial tax that taxes lottery prizes, since January 1, disappears for all those prizes that do not exceed € 40,000. This means that for example the first prize of the Thursday lottery is exempt from taxation, like most of the prizes that are currently given. A tenth of Saturday"s lottery of a draw such as January 18 that charges € 100,000 to the tenth, with the current withholding, € 88,000 is charged after taxes, and if it is from an ordinary draw of € 6, the prize of which is € 60,000 the amount received is € 56,000, the second and third prizes of all draws, except Christmas and children whose amounts are greater, being exempt.