When you win Lotto 1, you will be able to calculate the actual amount received after tax deduction.
Lottery winnings are taxed separately under the Restriction of Special Taxation Act. You will not be taxed for the full amount of the prize, and you will be taxed only for the amount you paid for the lottery ticket. In addition, the tax is calculated on the basis of the prize excluding the game fee, and up to 300 million won of the prize is taxed at 22% and the remaining amount is 33%.
① There is no tax of 50,000 won, and 100%
② More than 50,000 won ~ 300 million won: Other income tax (20%) + Resident tax (10% of other income tax) = 22%
③ Over 300 million won: Other income tax (30%) + resident tax (10% of other income tax) = 33%
④ After deducting the tax amount, there is no need to report additional comprehensive income tax.
Sharing Lotto has been changed to Lottery.
Lottery winnings are taxed separately under the Restriction of Special Taxation Act. You will not be taxed for the full amount of the prize, and you will be taxed only for the amount you paid for the lottery ticket. In addition, the tax is calculated on the basis of the prize excluding the game fee, and up to 300 million won of the prize is taxed at 22% and the remaining amount is 33%.
① There is no tax of 50,000 won, and 100%
② More than 50,000 won ~ 300 million won: Other income tax (20%) + Resident tax (10% of other income tax) = 22%
③ Over 300 million won: Other income tax (30%) + resident tax (10% of other income tax) = 33%
④ After deducting the tax amount, there is no need to report additional comprehensive income tax.
Sharing Lotto has been changed to Lottery.
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