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V3571-20 ·16 December 2020 ·consulta-vinculante Medium impact
Tax

Income tax must be declared if sports betting winnings exceed the combined €1,000 limit

The inquirer asks whether they are required to file an income tax return due to winnings from sports betting. The DGT responds that these prizes constitute capital gains and, as they are not subject to withholding tax, the obligation to declare depends on whether the exclusion thresholds established by law are exceeded.

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2020-12-16PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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