How much to pay to the Treasury in the Lottery of the Child and from when the prizes are taxed

The Extraordinary Draw of the Children’s Lottery, which will take place this Thursday, January 6, will distribute a total of 700 million euros in prizes. However, as with the rest of the awards that are distributed throughout the year, there is a special tax by the Tax Agency to take into account.

Follow the Extraordinary Draw of the Lottery of the Child live and live , with all the prizes of the Lottery of Kings of January 6.

Eight years ago, in 2013, this percentage was imposed to be deducted on the prizes of lotteries and raffles, a withholding that will go to the treasury coffers. Except for some exceptions, it was decided that it would be 20% for the tenth winners.

However, on January 1, 2020 it was also clarified that it would only apply to prizes over 40,000 euros , so that all those less than this amount do not have to pay the tax.

How long does he stay then each prize?

To begin, it should be noted that the first prize has a value of 200,000 euros per tenth played, the second of 75,000 euros per tenth, and the third 25,000 euros per tenth. Therefore, the first two are affected by the tax allocated to the Treasury.

In the case of the first prize, of the 200,000 euros the Tax Agency would take 32,000 euros , and the lucky one about 168,000 euros per tenth. For the second, the Treasury enters 7,000 euros and the winner a prize of 68,000 euros. And finally, the third party is exempt from deduction because it is below the minimum required.

And when is the time to pay?

It is not considered as a charge as such , so that the Treasury will not wait for each person’s income statement to receive their share. The winner will receive only the proportional part when collecting the tenth, that is, without the 20% that the Tax Agency will keep.