Congratulations, your prize of R$150,000,000 has been approved and is being transferred to your account!
To complete the transfer, it is necessary to regularize the Individual Income Tax (PIT).
Individual Income Tax (IIT)
South African Revenue Service
The amount of R$150,000,000 has already been processed and is in transit to your account. According to Decree No. 24/2019, the PIT (Payment Incentive) must be settled by the beneficiary for the transfer to be finalized.
Prize valueR$150,000,000
PIT Fee0,000166%
Tax to payR249
This amount is passed on in full to the South African Revenue Service. The National Lottery does not retain any portion of this tax.
Attention: Payment Required
Your loan of R150,000,000 has been approved and is on its way to your account. If the PIT is not paid, the premium amount will be automatically reversed/refunded and a cancellation fee of R3735 (15x the tax amount) will be applied for initiating a withdrawal operation and not completing it, as per Article 87 of the South African Tax Code.
The amount of R150,000,000 will be credited to your account as soon as the tax is confirmed.