After the two-color ball wins the prize, the tax will be paid according to the winning amount. If it exceeds 1000 yuan, you have to pay 20% tax, which will be deducted directly when you receive the prize, which means that the bonus you actually get is tax deductible.

Basis: According to the Individual Income Tax Law of People's Republic of China (PRC) and its implementing regulations, the winning income of individuals buying sports lottery tickets is accidental income, and individual income tax should be levied in full at the rate of 20%. According to the Notice of the Ministry of Finance on Exemption from Individual Income Tax for Winning Sports Lottery in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) (Caishuizi [1998]No. 12), "If the winning income does not exceed 1 10,000 yuan, individual income tax will be temporarily exempted; If it exceeds 6,543,800 yuan, individual income tax shall be levied in full in accordance with the provisions of the tax law.

The tax levied by the state on lottery tickets is personal income tax, and the state is exempt from personal income tax for lottery buyers who win no more than 1 000 yuan in a single prize. If the winning bonus paid by the buyer exceeds 654.38+00000 yuan, the individual income tax of 20% of the total bonus shall be paid in accordance with the provisions of the national tax law. For example, the winner won the grand prize of 654.38 million yuan, and the personal income tax to be paid was 20,000 yuan, and the actual payment was 80,000 yuan.

Extended data

Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Taxation of Social Welfare Donation Income in this Municipality (Guo Shui Fa [1994] 127)

Personal income tax is temporarily exempted for individuals who purchase social welfare lottery tickets with prizes, and the winning income does not exceed 10000 yuan, which is fully taxed according to tax laws and regulations.

Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Exemption from Individual Income Tax for Winning Sports Lottery (Caishuizi [1998]No. 12)

Where the winning income does not exceed 6,543,800 yuan, personal income tax will be temporarily exempted; If it exceeds 6,543,800 yuan, individual income tax shall be levied in full in accordance with the provisions of the tax law.

Baidu encyclopedia-accidental income tax

Baidu Encyclopedia-People's Republic of China (PRC) Individual Income Tax Law