Germany passed the “Facebook Act” in 2017 to remove certain messages on the internet. – Getty Images
It is considered a taxable income before the Department of Finance
By Metro Puerto Rico
Tuesday, February 16, 2021, at 9:46 p.m.
Germany passed the “Facebook Act” in 2017 to remove certain messages on the internet. – Getty Images
The Secretary of the Department of Finance, Francisco Parés Alicea, shared today a fact that left social media users surprised and a little thoughtful about the next contest in which they participate.
And is that the secretary explained that the famous “giveaways” that are made on social networks where influencers or business accounts make awards to their followers, are also taxable on the payroll.
“The famous‘ giveaways ’should be considered as taxable income on the award winner’s sheet,” Parés Alicea wrote.
The only way to exclude these awards from the list is if they are literary, journalistic, scientific, artistic and for industrial or professional development awards that have been given in competitions to promote any of these disciplines.
Famous “giveaways” should be considered taxable income on the prize winner’s sheet. Only the prizes listed below could be excluded. [Ver Sección 1031.01(b)(6)]
Good luck to the winners!
At Hacienda, we are here to serve you. pic.twitter.com/tdH0SstMlm
– Francisco Parés Alicea (@SecHacienda) February 17, 2021
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