If I travel abroad and win the lottery, will the money be mine?

If I travel abroad and win the lottery, will the money be mine?

If you win the lottery when traveling abroad, as long as you win the prize abroad, the money is yours. There is no doubt about it. As for returning to China, whether money can be legally owned is also taxable. Not paying taxes is illegal, and paying taxes is legal possession. Because no matter which country you win the prize, when the prize reaches a certain amount, you must exchange it. As in China, small prizes can be redeemed directly in the store. This does not affect that the grand prize is basically redeemed at the designated place. As long as the prize is awarded, there must be procedures.

So with the redemption procedure, you can prove that the money was won by yourself, not by other illegal means. After returning home, you can see how much money you have after converting it into RMB, and then pay 20% tax. The money is legally owned. It is illegal not to pay this tax. It's the same tax as the first prize in China. This tax is called contingent income tax or contingent income tax, because we won the prize by accident. The difference is that when winning a prize in China, the tax will be deducted if you go directly to the bank center to win the prize, and you can't win the prize without paying the tax. However, the tax paid abroad may not be applicable in China, so you must pay 20% accidental income tax after returning home to legally own these bonuses.

The simple understanding is that the tariff is similar to some of our imported cars. Foreign-made cars are taxed, and there must be tariffs when they are sold. The foreign lottery won the grand prize, and the bonus was similar. Therefore, it is legal to have this accidental income tax after returning to China.

However, it is worth noting that we paid taxes abroad, depending on where we won the lottery. In some places, national taxes are recognized at home. For example, if Macao won money and paid 10% tax in Macao, there were corresponding tax procedures, or if Hong Kong won the lottery and paid 15 tax, there were also tax procedures. Macao and Hong Kong are regions recognized by the state, so with this procedure, we only need to pay 20% of the unexpected income tax, and we don't need to pay 20% of the tax, which means that we have paid 15% of the tax, and the procedure is recognized by the state. After returning home, you only need to pay 5% tax to meet the prescribed 20% tax. Of course, the tax that the state does not recognize is useless, and it is necessary to pay another 20% tax, provided that the bonus is more than 10,000 yuan.

Finally, remind friends that it is best not to participate in the lucky draw ... participation must be rational and not blind.