TAXABLE INCOME
How you wish to spend the prize money is entirely up to you. Grundfos has no restrictions as to the use of the money.
However, the Grundfos Challenge prize is taxable, meaning that you have to pay income tax on the money you win.
How you wish to spend the prize money is entirely up to you. Grundfos has no restrictions as to the use of the money.
However, the Grundfos Challenge prize is taxable, meaning that you have to pay income tax on the money you win.