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Lottery prizes lower than 10,000 euros will stop paying since Thursday July 5
An amendment agreed by Citizens and PP will raise the minimum below which taxes are not paid to 40,000 euros in 2020.
Lottery prizes of less than 10,000 euros will not suffer retention. The Law of General Budgets of the State 2018 that reforms the Personal Income Tax Law, will be published in the BOE on Wednesday, July 4 and will take effect tomorrow. This amount will rise over the next two years to 20,000 and 40,000 euros.
The General State Budgets for 2018, approved on June 28, include an increase in the minimum amount exempt from taxation up to 10,000 euros for lottery prizes that take place after the publication of the reform and for the rest of 2018, this exection will increase to 20,000 euros in 2019 and 40,000 euros for the year 2020.
