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Form 100. 2020 Personal Income Tax Return Declaration

8.2.6.1.2. Prizes obtained by participating in contests or random combinations for advertising purposes

This type of prize for participation in contests or random combinations carried out for advertising purposes differs from those previously presented without advertising purposes, in that in this case there is no possibility of compensation for negative items.

Cash prizes

The withholding made and the full amount of the prize obtained will be recorded through the data capture window, without discounting the aforementioned withholding. The person who grants the prize is obliged to issue certification where these concepts appear. The program accepts up to two different prizes.

In-kind awards

Through a data capture window, the valuation of the prize (market value) and, separately, the payment on account made will be recorded (the amount of which the program transfers to box 0603 from page 22 of the declaration); concepts that must appear in the certification that the person granting the awards is obliged to provide. The program accepts up to two different prizes.

Passed-on account deposit

In general, the "Full income" will be the sum of the "Valuation" and the "Income on account" , unless the amount of the latter has been passed on to the recipient.

In that case, the amount of the passed-on payment on account will be entered in this box, so that the program does not add it to the valuation to determine the full income.