If the prize is awarded by the sports lottery agency, the winner shall go through the redemption procedures with the winning lottery ticket and his valid identity certificate. If the winning amount of single note exceeds RMB 6,543,800+0,000 (excluding RMB 6,543,800+0,000), the winner shall pay personal income tax according to law, which shall be withheld and remitted by the sports lottery agency.
Relevant document regulations
1 20051On the afternoon of 27th October, the 18th meeting of the 10th the National People's Congress Standing Committee (NPCSC) passed the Decision of the NPC Standing Committee on Amending the Individual Income Tax Law, with the starting point of 1600 yuan, and it was decided to take effect on 27th October, 2006.
2. On the morning of February 29th, 2007, the 31st meeting of the 10th the National People's Congress Standing Committee (NPCSC) voted and passed the decision on amending the individual income tax law. The personal income tax threshold was raised from 1 in March 2008 to 2,000 yuan from 1600 yuan.
3. Personal income tax is an accidental income without a threshold. However, if the winning income of welfare lottery, welfare lottery and sports lottery is less than 6,543.8+0,000 yuan each time, State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) stipulates (Guo Shui Fa [1994] 127) that individual income tax is 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.
4. Accidental income refers to income obtained by individuals due to accidental nature such as winning prizes, winning prizes and winning lottery tickets.