Spain: Change Proposes Declaration of Gambling Winnings below €300
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A proposed change in Spain may affect the declaration of gambling winnings below €300.
Ministry of Finance proposes to amend the current tax declaration regulations to include gambling prizes under €300 ($287). Currently, Spanish residents need to submit two different declarations depending on the gambling activity they participated in. The first form is submitted whenever an individual reports winnings from casino gambling or sports betting. A separate declaration is filed by individuals that have collected prizes from SELAE or ONCE. The national gambling regulator in Spain announced the results for the industry covering the second quarter of 2022. Regulated gambling operators reported overall gross gaming revenue of €204 million ($198 million) for three months until June 30, 2022, a 0.3% decrease.
