How is the income tax calculated for the winning uniform invoice prize money?
Update:
For the fourth prize (inclusive) and high, the prize disbursement institution shall deduct 20% of the prize money as the income tax. For example, if the prize money is NT$4,000, then the income tax of NT$800 (4,000 × 20% = 800) shall be deducted, and so on. The prize disbursement institution shall fill in the Withholding and Non-Withholding Tax Statement for Interest on Short-term Commercial Papers and Prizes Won in a Lottery Held under Government Auspices. However, the winners of the fifth or sixth prizes of the uniform invoice lottery need not pay income tax on the prize money according to the regulations.