Regulations on Commission Payment for Lottery Agents

Le Hai

21:17, 11/07/2024

Commission payments to lottery agents are a specific deductible expense when calculating corporate income tax for lottery businesses.

The Decree 122 stipulates the commission for lottery agents as follows:

- The agent commission is the amount of money that the lottery business enterprise pays to the lottery agents for selling lottery tickets.- The Ministry of Finance specifies the commission rates for the lottery agents outlined in this section for each period.- The agent commission rate must be specifically stipulated in the lottery agent contract signed between the lottery business enterprise and the lottery agent.- The lottery business enterprise only pays the agent commission to the lottery agent after having completed the verification of the number of lottery tickets sold by the agent during the period and after the lottery agent has fulfilled all economic obligations stated in the agent contract with the lottery business enterprise.- The lottery business enterprise is responsible for deducting the taxes payable by the lottery agents before paying the commission to the agents in accordance with tax law.

For more details, see Decree 122/2017/ND-CP, which took effect on January 1, 2018.

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