The Taipei National Taxation Bureau stated that people raise funds to buy lottery tickets, and the investors will distribute the winning prizes according to the ratio of their capital contributions. They do not need to declare gift tax, but remember to keep the fundraising certification documents for the National Tax Bureau to review and approve.

(Photo by reporter Zheng Qifang)

[Reporter Zheng Qifang/Taipei Report] The Lunar New Year is approaching, and many people like to buy lottery tickets to try their luck during the Chinese New Year. However, if people raise funds to buy lottery tickets, will the distribution of prize money after winning the big prize involve gift tax?

The National Taxation Bureau in Taipei explained that when people raise funds to buy lottery tickets, the investors will distribute the winning prizes according to the ratio of their capital contribution, which is not considered a gift and does not need to declare gift tax.

The Taipei National Taxation Bureau stated that fundraising to purchase public welfare lottery tickets is a regular activity for the public, and there is no need to report to the National Taxation Bureau in advance. The public can use a paper or online form to indicate the betting station, betting date, and the name of each contributor. , Funding amount, investor has actually paid and other fundraising certification documents, take photos and provide each investor to keep for future reference, not only as the basis for the distribution of winning prizes, but also for future review by the National Taxation Bureau.

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In addition, the Taipei National Taxation Bureau reminds the public to pay attention to the use of winning prizes. If it involves Article 4 of the "Inheritance Tax Law", the total value of the property donated by the donor to others within one year exceeds the gift tax exemption amount (2.44 million yuan). , within 30 days after the act of gifting occurs, a gift tax declaration should be filed with the National Taxation Bureau.

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