Are Giveaways Legal Without Ministerial Authorization?
The answer is: it depends on the value of the prizes up for grabs, although the scope of exclusion very low indeed .
In fact, with the update of the FAQs relating to prize competitions vietnam phone number example on 9 July 2018, the MISE brought the definition of “modest value” back to 1 euro including taxes , as per Royal Decree Law 25 July 1940, n. 1077.
Other exceptions are made for charity prize contests, during radio broadcasts or in-person events. We recommend that you read the FAQs carefully. A private individual, even with a VAT number, cannot in any way organize a giveaway without resorting to heavy fines that go beyond 10 thousand euros.
“But everyone does it!” We know that this is the most common reaction, but the risk is that users who do not win could report the competition to the Ministry of Economic Development.