Spain’s Ministry of Finance to set gambling tax declarations at €300

Spain’s Ministry of Finance is reported to want to amend a tax module to ensure the disclosure of gambling prizes/winnings under €300 [$295].

The planned amendment was disclosed via a proposal made open to the public, in which the Ministry detailed its intentions to ‘fix a deficiency’ in income declarations submitted to AEAT – Spain’s National Tax Agency.

The Treasury seeks to amend tax Module 190 related to “personal income declarations for business, economic, gambling and capital gains” to ensure that prizes below €300 are disclosed to AEAT.

Spain’s current tax code accounts for two types of gambling declarations, one for prizes from state lotteries such as ONCE and SELAE.