First lottery with cash prizes end Sept or early October

Wednesday, September 20th, 2017
Last Update: 15:38

The Finance ministry is planning to launch a lottery with cash prizes, awarded to taxpayers based on the value of their transactions using credit cards and other plastic money, end September or early October.

Each tax-payer will be issued a number of lottery tickets corresponding to the value of their electronic transactions, which will then be entered into a monthly lottery that will share out one million euros in prizes.The basic scenario envisages an average of 1,000 winners each month, who will then be awarded approximately 1,000 euros each.

The purpose of the measure is to combat tax evasion, since tax payers will have an incentive to use their credit/debit cards for their transactions.

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