Prizes obtained by participating in games, contests, raffles or random combinations without advertising purposes

This section includes prizes obtained as a result of participation in games, contests, raffles or random combinations.

Cash prizes

Through the data capture window, the withholding will record the full amount of the prize obtained and the withholding made without deducting the amount thereof.

The person who grants the award is required to issue a certificate stating these concepts.

Likewise, this section will indicate the withholdings and payments on account made on the prizes obtained, amounts that the program transfers 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 made on account (the amount of which the program transfers to box 0603. These concepts must appear in the certification that the person who grants the awards is required to provide.

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 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.

Asset losses

Losses obtained through gambling will only be reflected when amounts of money or objects that are economically evaluable in any way are risked on future and uncertain results that depend to some extent on chance, and that allow their transfer between participants, regardless of whether the degree of skill of the players predominates or is exclusively or fundamentally due to luck, chance or chance. Prizes may be in cash or in kind depending on the game mode.

For tax purposes, and in accordance with the above, game modes in which no financial outlay is made, such as programs or contests developed in the media, or random combinations for advertising purposes whose consideration is the acquisition of a product at no additional cost, may not be computed as losses under any circumstances.

In no case will losses arising from participation in certain games (State Lotteries and Betting, Autonomous Communities, ONCE Lotteries, Red Cross) be counted.

Note: The tax regulations establish that certain prizes (State Lotteries and Betting, Autonomous Communities, ONCE prizes, Red Cross, etc.) are subject to a special tax, excluding any additional tax for personal income tax, so these prizes do not have to be stated in the declaration.

In 2021, the special tax applies to prizes over 40,000 euros.