Germany adopted the “Facebook Law” in 2017 to delete certain messages from the Internet. – Getty Images
It is considered taxable income before the Treasury Department
From Puerto Rico Metro
Tuesday, February 16, 2021, at 9:46 p.m.
Germany adopted the “Facebook Law” in 2017 to delete certain messages from the Internet. – Getty Images
The Secretary of the Treasury Department, Francisco Parés Alicea, shared today an information that left social media users surprised and somewhat thinking about the next contest in which they participate.
And the secretary explained that the famous “gifts” that are made in social networks where influencers or business accounts give prizes to their followers, are also taxable in salaries.
“The famous ‘gifts’ should be considered taxable income in the payroll of the winner of the award,” wrote Parés Alicea.
The only way to exclude these awards from the list is whether they are literary, journalistic, scientific, artistic and industrial or professional development awards that have been awarded in competitions to promote any of these disciplines.
The famous “gifts” should be considered taxable income on the salary of the winner of the prize. Only the prizes listed below can 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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