The truth is that when he won, one of the questions in addition to if he had a girlfriend or notit was if Marcos he had to pay taxes to the AFIP for the prize received.
Thus, users on social networks began to wonder how much tax will Marcos pay and, in the midst of that debate, an answer emerged: the Law No. 20,630 of “Emergency tax on prizes won in draw games”whose Article 1 ensures that “prizes won in raffle games (lotteries, raffles and the like), as well as in sports forecast betting contests other than horse racing bets, organized in the country by official entities or by private entities with the pertinent authorization”.
That same standard, in its Article 2, establishes that “the person or organization organizing the respective game or contest is responsible for the tax and will be obliged to pay it.”
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In this sense, to clarify how the Law is applied, the accountant Santiago Saenz Valiente explained that “the rate is 31% over 90% of the prize, which is equivalent to a rate, on the winnings, of 27.90% net”.
“Those obligated to pay the tax are the entities that act as responsible in substitute form of the winner. Also, if there is a spice that they are delivering as a price, it must be taken at the price of the square priceat the time the award is made,” explained the tax official.
It should be noted that the Law ensures that prizes whose net amount does not exceed $1,200. In the event that the amount of the prize exceeds said limit, the determination of the tax will be made on the total of the taxable amount. Along the same lines, Valiente said that “This amount is ridiculous and irrational, which should be updated and higher. Since it is from the year 2003.”
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However, other sources maintained Ambit that there is an item that directly benefits the winner of Big Brother. What is it about?
Marcos will not be affected by this rule since the program, according to the expert tax accountant, Daniel Dubin“the prizes of games that combine the random with elements or circumstances unrelated to it, such as the culture, ability, skill, expertise or strength of the participantswill only be considered covered by the law if their awarding depends on a final draw“.
“Since the Big Brother award derives from the ‘expertise or skill’ of the participant and the public choice which, in my opinion, is not random, the prize received is not affected by the tax on prizes planned by the Law 20,630“concluded the specialist.
In conclusion, Marcos will be able to enjoy the almost $20 million without having to pay taxes on the prize.
Source: Ambito
