What are the instructions for checking lottery tickets in southern Vietnam? How much is the post-tax reward for hitting the jackpot?

What are the instructions for checking lottery tickets in southern Vietnam?

The Southern lottery is a popular type of traditional lottery organized by the lottery companies of the southern provinces. The prize structure for the Southern Lottery is as follows:

Additionally, there are supplementary prizes:

* 09 Special secondary prizes, each worth 50,000,000 VND, applicable to tickets with only one digit different at the hundred thousand position compared to the Special prize;

* 45 Encouragement prizes, each worth 6,000,000 VND, applicable to tickets matching the hundred thousand but with only one digit different in any of the remaining 5 digits compared to the Special prize.

Steps to Check Lottery Tickets:

Step 1: Prepare the ticket and check the results

- Ticket: Carefully check the information on the ticket including:

+ 6-digit prize number series

+ Draw date (printed on the ticket, must match the search date).

+ Lottery station name (e.g., Ho Chi Minh City, Dong Nai, Can Tho, Tien Giang, etc.).

- Lottery results can be obtained from:

+ Official lottery checking websites or apps.

+ Television channels broadcasting live results.

+ Result boards at lottery ticket dealers.

Step 2: Perform Southern lottery ticket checking

The Southern lottery has 18 stations, with 3 to 4 stations drawing results daily (4 stations on Sundays). The results must exactly match the station that issued the purchased lottery ticket (do not check the wrong station).

* Southern lottery prize structure:

- Special prize: 6-digit series, must match the entire series on the ticket.

- Special secondary prize: Ticket matches the last 5 digits of the special prize.

- First prize: 5-digit series.

- Second, third, fourth, fifth, sixth, seventh, eighth prizes: The matching number of digits decreases (from 5 digits to 2 digits depending on the prize).

- Encouragement prizes: Usually apply to tickets with a few digits different from the special prize (according to the prize structure mentioned above).

* Method of execution:

- Manual method: Compare each number series on the ticket with each prize in the result list, starting from the special prize, first prize down to the lowest prize.

- Via automatic number checking application/service:

+ Enter the prize number into lottery websites or apps.

+ Use pre-printed number checking tables from dealers.

Notes when checking lottery tickets:

- Ensure the ticket is valid: not torn, erased, and information is clear.

- The station and draw date must match the information on the purchased ticket.

- If winning a prize, carefully keep the ticket and contact the lottery dealer or issuing company to claim the prize within the specified time (usually 30 days from the draw date).

Information is for reference only.

What are the instructions for checking lottery tickets in southern Vietnam? How much is the post-tax reward for hitting the jackpot? (Image from the Internet)

How much is the minimum income from lottery-winning to pay personal income tax in Vietnam?

According to Article 15 Circular 111/2013/TT-BTC point a Clause 2 Article 23 Circular 111/2013/TT-BTC, the criterion for tax calculation on lottery winnings is that the lottery winnings must exceed 10 million VND per ticket in one draw in order to be subject to personal income tax. Tax calculation basis:

- Resident individual: Taxable income is the prize value exceeding 10 million VND per lottery ticket without deduction of any expense.

- Non-resident individual: Calculation is similar to resident individuals.

How much is the post-tax reward for hitting the jackpot in Vietnam?

For Southern Lottery, the jackpot prize is valued at 2 billion VND. Thus, the jackpot winner must pay personal income tax.

According to Article 15 Circular 111/2013/TT-BTC, the personal income tax rate on lottery winnings is applied according to the Whole Tax Table with a tax rate of 10%.

The lottery ticket winner must pay personal income tax at a rate of 10% on the prize value portion exceeding 10 million VND for each winning ticket in one draw. The calculation is as follows:

Tax payable = (Prize value - 10 million) × 10%.

Specifically: taxable income when hitting the jackpot = 2,000,000,000 VND - 10,000,000 VND = 1,990,000,000 VND.

Personal income tax payable = 1,990,000,000 VND × 10% = 199,000,000 VND.

Net receiveable amount after tax = 2,000,000,000 VND - 199,000,000 VND = 1,801,000,000 VND.

According to point g Clause 1 Article 25 Circular 111/2013/TT-BTC, the lottery company will withhold tax at the source before payout, thus the money the winner receives will be post-tax.

Thus, when winning the jackpot of the Southern lottery, after deducting income tax, the winner will receive 1 billion 801 million VND.