The lottery taxes changed in 2018. Since then, what percentage of the prize stays Treasury if the lottery touches you? In this article we will try to clarify this issue and solve all the doubts that may arise in relation to the tax and lottery issue.
Until 2012 the profits of the games of chance were exempt from taxation. Subsequently, with the new regulations applied from 2013 to 2017, the lottery taxes began to be applied, but they only applied to prizes higher than 2,500 euros. With the latest changes applied in 2018, the situation for the winners has improved. In 2018, the minimum amount taxable stood at 10,000 euros. That is, only those who got a prize exceeding 10,000 euros had to pay the corresponding taxes to the Treasury. The tax to be paid, in this case, was defined at 20%.
In all prizes, the amount of 10,000 euros was exempt from taxation. For example, if you had a prize of 400,000 euros, you paid the Treasury 20% of 390,000 euros.
However, the minimum taxable amount will go up progressively. In 2019, it has gone from 10,000 to 20,000 euros and in 2020 it will go from 20,000 to 40,000 euros.
This will be your evolution.
Exempt amount of the Lottery in 2018 - € 10,000: Only prizes that exceeded 10,000 euros paid lottery taxes.
Exempt amount of the Lottery in 2019 - € 20,000: Only prizes that exceed 20,000 euros pay lottery taxes.
Free amount of the Lottery in 2020 - € 40,000: Only prizes that exceed 40,000 euros will pay lottery taxes.
Law 16/2012, of December 27 marks the guidelines of the Christmas Lottery taxes and also of the rest of the "prizes of the lotteries and bets organized by the public business entity Lotteries and Bets of the State and by the organs or entities of the Autonomous Communities, as well as the raffles organized by the Spanish Red Cross and the ONCE ".