Responsibilities of Vietlott to the State Budget

Vietlott has the responsibility to comply with the following regulations:

Declare and finalize value-added tax, special consumption tax, and corporate income tax at the headquarters.

Based on the payable tax amount under each tax category, Vietlott shall allocate the payable taxes to the local budget proportionally to the actual revenue generated in each locality.

Withhold, declare and finalize the personal income tax payable at the headquarters, Vietlott shall allocate the payable personal income tax to the local budget in accordance with legal provisions. To be specific:

- Personal income tax on commissions paid to lottery agents for self-selected computerized lottery tickets, allocated according to each province or centrally-run city where the lottery agent generates taxable income;- Personal income tax on winners, allocated according to the province or centrally-run city where the individual registers to participate in the lottery through phone or internet distribution methods, and the place of issuance of self-selected computerized lottery tickets for distribution through terminal devices.

In case the remaining profit after corporate income tax is paid into the local budget as stipulated in Clause 1, Article 7 of Decree 122/2017/ND-CP, Vietlott shall declare it at the headquarters and allocate it to the local budget proportionally to the actual revenue generated in each province or centrally-run city.

See more Decree 122/2017/ND-CP effective from January 1, 2018.

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