What are answers for Week 3 of the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province? Is the prize money from this competition taxable?

What are answers for Week 3 of the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province?

You can refer to the complete answers for Week 3 of the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province below:

Note: All Answers for Week 3 of the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province are for REFERENCE purposes only!

What are answers for Week 3 of the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province? (Image from the Internet)

What is the prize structure for the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province 2025?

According to the Competition Rules on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province 2025 issued with Decision No. 04-QD/BTCCT in 2025, the prize structure of this Competition is as follows:

- Weekly prizes:

Including 29 prizes/01 weekly round; Value of weekly prizes. To be specific:

+ 01 first prize: 3,000,000 VND/prize.

+ 03 second prizes: 2,000,000 VND/prize.

+ 05 third prizes: 1,500,000 VND/prize.

+ 20 consolation prizes: 1,000,000 VND/prize.

- Prize award criteria

+ The Competition Organizing Committee bases its decision on factors such as correct answers; prediction of the number of participants (correct prediction or close to the actual number of participants); Competition duration to determine weekly round prizes.

+ Besides the announced prizes and values, depending on the practical implementation situation, the Competition Organizing Committee considers and encourages private investment in reward funds (if any) to award additional prizes for exemplary individuals participating in the Competition.

View the detailed Competition Rules on the official Competition website here:

https://50namchienthangbmt.daklak.gov.vn/tin-tuc/the-le-cuoc-thi

Are prizes from the Competition on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province taxable?

According to Clause 6, Article 3 of the Personal Income Tax Law 2007 (amended by Clause 2, Article 2 of the Law Amending Tax Laws 2014), it is stipulated as follows:

Taxable Income

Individual taxable income includes the following income items, except for tax-exempt income as prescribed in Article 4 of this Law:

...

6. Income from winnings, including:

a) Lottery winnings;

b) Winnings from promotional activities;

c) Winnings from betting forms;

d) Winnings from games, Competitions with prizes, and other forms of winnings.

...

Based on point d, Clause 1, Article 15 of Circular 111/2013/TT-BTC is stipulated as follows:

Tax Calculation Basis for Income from Winnings

The tax calculation basis for income from winnings is the taxable income and the tax rate.

1. Taxable income

Taxable income from winnings is the prize value exceeding 10 million VND that the taxpayer receives in each instance of winning regardless of the number of winnings.

In cases where a prize is won by multiple participants, the taxable income is divided among each prize recipient. Winners must present legal evidence to prove their claims. If there is no legal evidence, the winning income is calculated for an individual. If an individual wins multiple prizes in one Competition, the taxable income is calculated on the total prize value.

Taxable income for certain games with prizes, to be specific:

...

d) For winnings from games and Competitions with prizes calculated per prize instance. The prize value above 10 million VND that the player receives without deducting any expenses is taxable.

...

Thus, according to the regulations, any Competitionant who receives prize money exceeding 10 million VND is subject to personal income tax on the portion exceeding 10 million VND, whereas prize money of 10 million VND or less is exempt from personal income tax.

However, according to the Competition Rules on the 50th Anniversary of Buon Ma Thuot Victory, Liberation of Dak Lak Province 2025 issued with Decision No. 04-QD/BTCCT in 2025, the highest prize value is 3 million VND for first prize, and therefore this income level is below 10 million VND.

Hence, as analyzed, there is no tax obligation on this income.