Tuesday, March 28, 2023

Alex Caniggia won $10 million

In the final of the reality show The Hotel of the Famous Channel 13, actor Alexander Caniggia Wins $10 Million Prize This Tuesdayafter beating the rest of the participants in all types of tests, but Will he be able to keep all this money with him or will he share it with AFIP?

The reality show, which brings together celebrities in a mansion located in Canuelas, who, depending on their performance, can be guests, cook or clean the bathroom, Driving by Leandro “Chino” Leunis and Carolina “Pumpita” Ardohain,

it was reality game full of strategies, enmity, affectionate bonds and discussions. After more than a hundred days at El Hotel de los Famosos, the Final “H” between Martin Salve and Alex Caniggiawho had to prove himself Skill in three different sports,

The main question is whether Caniggia will be able to enjoy his $10 million or will he have to leave part of that figure to AFIP or the collection agency of the province of Buenos Aires (ARBA).,

According to the characteristics of the game, AFIP can hold about 30% of Caniggia’s earnings to reward.

Experts also question whether in terms of the award, ARBA may take 8% more from the winner For tax on free transfer of goods.

In The Hotel Of The Famous, Overcoming The Final H Depended On Overcoming Three Different Challenges.

In The Hotel of the Famous, overcoming the final H depended on overcoming three different challenges.

reward tax

Establishment of Law 20,630″Emergency levy on prizes won in raffle games“, which has been in force for almost 50 years.

do that Applies to games of chance, and the winner must pay a 31% tax on 90% of the prize, meaning that AFIP charges an effective rate of 27.90% of the prizeAs explained by Mariano Ghiradotti from Ghirardotti and Ghiradotti Studio.

But, this tax applies to “them”. Prizes won in raffle games (lotteries, raffles and so on)as well as sports prediction betting competitions other than horse racing bets, conducted by official entities in the country or by private entities with appropriate authority”.

Do famous hotels reward tax?

In general, prizes received are those that result from bets on pools, lotteries and racetracks, for example. that is, “Games where from a set of given elements (tickets, numbers, bonuses, etc.), randomly or by luck, one or some of them are awarded a pre-established prize,

In The Hotel of the Famous, however, chance did not interfere, but skill was rewarded. Participants have to pass various tests, and Law 20,630 excludes these cases from tax on prizes.

“The rewards of sports that link coincidence to elements or circumstances that are unrelated to it, such as the culture, ability, mastery, expertise or strength of the participants, They will be considered by law only if their prize depends on the final draw.“, clarifies the regulatory decree.

Neither the final draw in The Hotel of the Famous nor luck favored skill, so Alex Caniggia has received the full award and the award is not taxable,

The Effective Tax Rate On Awards Is 27.9%

The effective tax rate on awards is 27.9%

Free Transmission Tax in Buenos Aires

Another tax that can reach the prize for The Hotel of the Famous is the free transfer of goods from the province of Buenos Aires, better known as inheritance and gift tax,

In this regard, Ghirardotti remarked that the tax that is levied on free transfer of goods, you receive free stuff,

The opposite is that something valuable is obtained for consideration, which means not to benefit another if the other does not benefit you.He added.

In In reality, the contestants had to show themselves on television and overcome various challenges to be a creditor of the award, with which It can be said that it is difficultHence the tax would not be applicable on free transfer of goods, he concluded.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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