The “Tax on Luck”, how much you lose if you win
The winnings of 500 thousand euros a San Marino occurred with a Scratch and win from the cut of five euro. The customer kissed by Lady Luck, we’ll see subtract well 100 thousand euros to the sum won, because it must refer to Italian taxation on the cash winnings which is of 20% for the amounts over 500 euros. Up to that figure they are essential. For the slot machine it already applies in numbers greater than 200 euros. There is in fact no system on the Titan state lotteryeven if the hypothesis was examined by the Great and General Council.
This withholding, also called “fortune tax”Has been strengthened by the Conte governmentwhich modified it in 2019 with effect from March 2020. They estimated a revenue for the state coffers of about 308 million euros a year. Decades ago the deductions were del 3%, then they rose gradually, always adding various percentage points every few years, up to 20% today. Before the outbreak of the Covid-19 pandemic, a future expansion of the tax in question was under discussion up to 25%.
The last increase applied is perceived in a different way frompublic opinion, “A punishment for whoever wins”, “a disincentive to gambling”, “a maneuver by the state to grab more money”. To each the considerations of him. What is certain is that immediately after the change to 20%, the funds sprouted to carry out the receipt lottery.
The initiative includes this mechanism: when you pay by card in various shops in Italy, you can participate by showing the “lottery code” and every euro spent is worth a ticket. This special lottery that discourages the use of cash and already present in other countries such as Japan, it makes available every week for those who buy press from 25,000 eurosevery month from 100,000 euros and every year since 5 million. In addition, the seller also wins, albeit lower figures. An initiative that is tempting to many, but satisfies few given that the prizes are limited And winning is very unlikely. Today again not all stores they have the equipment necessary for buyers to participate.
The practice is different for those who win ai TV quizzes. There Italian legislation regulates the gamble and administers it in an exclusive way holding the monopoly. This is the reason why you can’t dare real money in small screen prize games. The figures you win are conveyed indirectly through i gold tokensdelivered to winners only after six months.
It goes that gold is essential VAT all over the world and therefore the 22% tax applied on the gold tokens it does not go to the state; the amount comes taken from the television network in question. And that’s not all: gold undergoes the market quotation, hence the value of the winnings you can even shout. Who decides not to keep the tokens, but exchange them for real moneywill suffer a further reduction of 5% applicator from metal bench. In addition, if you contact a metal bank other than the one that minted the gold tokens, or the Bank of Italy, the percentage rises further.