How much is the lottery tax in Spain? How much do you have to pay after you win for example the El gordo jackpot.
Two tax brands in Spain
There’s two tax bands in Spain.
Tax Band 1: Tax-release to €2,500.
Tax Band 2: Any area of the prize exceeding €2,500 is susceptible to a tax rate of 20%. Citizens on most countries apart from The country are titled to some full tax refund to avoid double taxation. Claiming this refund may be the sole responsibility from the player and should be achieved with the Spanish tax government bodies. Tax refunds when approved is going to be issued throughout the following twelve months.