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

These types of prizes for participation in contests or random combinations made for advertising purposes are different from those previously mentioned without advertising purposes, in that in this case there is no possibility of compensation for negative items.

Cash prizes

The full amount of the prize obtained and the withholding made without deducting the amount thereof will be recorded through the data capture window. The person who grants the award is required to issue a certificate stating these concepts.

The withholding tax applied to the prizes obtained will be transferred by the program to box 0603.

In-kind awards

Through a data capture window, the valuation of the prize (market value) will be recorded, as well as, separately, the payment on account made (the amount of which the program transfers to box 0603 on page 22 of the declaration). These concepts must appear in the certification that the person who awards the prizes is required to provide.

As a general rule, the "Full payment" will be the sum of the "Valuation" and the "Payment on account" , unless the amount of the latter has been passed on to the recipient. In this case, the amount of the charged-on-account payment will be entered in this box so that the program does not accumulate it in the valuation to determine the total income.