Rafa delivers more than 1 million from Pasapalabra boat

However, like everything else in this life, profits must be taxed. Treasury will retain most of the Pasapalabra bounty. However, the fact that Rafa lives in Seville means that the winner of the Pasapalabra jackpot has to withhold more taxes than if the winner were Orestes. And what the Treasury gets from the Pasapalabra jackpot is largely dependent on the autonomous community in which the winner lives.

How long does the treasure stay

The Pasapalabra boat delivered last night has saved a lot of money: 2,272 million euros. About 50% of this money will stay with the Tax Office, but the figure will fluctuate based on the winner’s place of residence, as we said earlier. Therefore, the amount to be taxed to the Treasury will depend on this factor.

The Tax Office estimates that The Pasapalabra award is an inheritance gain and therefore you get a minimum retention of 19% and a maximum of 26%. In this case, what television producers usually do is advance the minimum amount for taxes that the winner will have to pay. Thus, when presenting the income statement, the winner of the competition will only have to pay the difference based on the maximum percentage of withholding.

But the truth is, after winning an award on TV (or elsewhere), adjust the withholding based on the amount of money obtained and the withholding tables It is established by the treasury at the state and territory level.

And with all autonomies, you don’t pay the same for the same reward. This is because autonomous withholdings are dictated by the autonomous community, hence the differences between regions.

What does the treasure get from the prize step by step?

taking into account Rafa Castaño lives in Sevillamust be taxed with the personal income tax set in Andalusia in addition to the state withholding. This:

• Prize won in Pasapalabra 2.272.000 Euro

• The national taxation to the Treasury for these awards is 26%, ie 590,720 euros will be deducted.

• Rafa’s Pasapalabra jackpot prize is already 1,681,280 Euros.

• In Andalusia the minimum tax for the self-employed is 9.5% and the maximum tax rate is 23.7%; this rate applies to this type of award.

• Andalusian regional withholding will require a payment of 398,463 Euros from Rafa Castaño.

• Thus, the reward previously deducted by national taxation decreases again until it reaches 1,212,816 Euros by regional taxation.

As it is, what is left Pasapalabra Prize Treasure not half, but almost (26% national plus 23.7% regional, a total of 49.7%). In fact, out of the 2,272,000 euros he earned last night, Rafa Castaño will allocate 1,212,816 Euros to himself, still a real fortune. And best of all: it’s already tax-free.