Post by account_disabled on Mar 11, 2024 0:24:09 GMT -5
One of the many conclusions that can be drawn from the 2020 Annual Tax Collection Report is that the pandemic reduced the use of foundations and partially exempt entities to collect large Lottery prizes from 18.1% of the large prizes collected in 2019 to 4 .1% in 2020. This drop is mainly due to the collapse of economic activity due to the pandemic, the future control of the prizes, and to a lesser extent the increase in the tax exemption from 20,000 to 40,000 euros on the prizes drawn in . It is true that the increase in the exempt minimum makes the bad practices of those who divert the collection of prizes to foundations and partially.
exempt entities or companies in losses less attractive, but it is worth highlighting that to put an end to fraud it is not necessary to increase the exemptions or lower the taxes, but combat evasion through greater investigation . The Technicians of the Ministry of Finance have been warning for years about the risks of money laundering with Lottery prizes and asking the AEAT to open an investigation program Belgium Mobile Number List to the Foundations and Associations that accumulate 98.9% of the prizes obtained. by legal entities, beyond the control over illegal raffles and lotteries. Likewise, we proposed the legal modification to achieve greater transparency, so that foundations and entities that do not dedicate their income to such activities of public utility or social interest do not benefit from the privileged tax regime.
They say it's better late than never. Well, although five years late, it is acceptable that the current Bill on measures to prevent and combat tax fraud and the regulation of gambling provides for the State Lottery and Betting Society to report monthly on the prizes paid subject or not to withholding, identifying the recipient and his legal representative, the date of the draw and payment and the method of payment of the prize, and the amount of the withholding or payment on account, if any. Carlos Cruzado, president of the Treasury Technicians GesthaWe belong to a group that is having a hard time in this pandemic. We have felt like people abandoned to an uncertain destiny for our way of life and also uncertain for earning a living, in many cases. We have learned that unity and commitment from some people to others is more necessary now than ever. That we are a single voice that represents the people and that only the people are saving the people. We belong to a group that has learned to distinguish empty promises from necessary truths.
exempt entities or companies in losses less attractive, but it is worth highlighting that to put an end to fraud it is not necessary to increase the exemptions or lower the taxes, but combat evasion through greater investigation . The Technicians of the Ministry of Finance have been warning for years about the risks of money laundering with Lottery prizes and asking the AEAT to open an investigation program Belgium Mobile Number List to the Foundations and Associations that accumulate 98.9% of the prizes obtained. by legal entities, beyond the control over illegal raffles and lotteries. Likewise, we proposed the legal modification to achieve greater transparency, so that foundations and entities that do not dedicate their income to such activities of public utility or social interest do not benefit from the privileged tax regime.
They say it's better late than never. Well, although five years late, it is acceptable that the current Bill on measures to prevent and combat tax fraud and the regulation of gambling provides for the State Lottery and Betting Society to report monthly on the prizes paid subject or not to withholding, identifying the recipient and his legal representative, the date of the draw and payment and the method of payment of the prize, and the amount of the withholding or payment on account, if any. Carlos Cruzado, president of the Treasury Technicians GesthaWe belong to a group that is having a hard time in this pandemic. We have felt like people abandoned to an uncertain destiny for our way of life and also uncertain for earning a living, in many cases. We have learned that unity and commitment from some people to others is more necessary now than ever. That we are a single voice that represents the people and that only the people are saving the people. We belong to a group that has learned to distinguish empty promises from necessary truths.