Vietnam: Enterprises are only permitted to change cash, tokens for players before they play

According to Circular No. 11/2014/TT-BTC of the Ministry of Finance of Vietnam, the management of cash, tokens at counter cashiers and prize-winning electronic game machines is prescribed as follows:

- Enterprises must elaborate and promulgate provisions on Regulation of financial management, process of managing tokens and organize management to separate between counter cashier and prize-winning electronic game machines.

- Enterprises are only permitted to change cash, tokens for players before they play and convert, return in cash for players at the counter cashier, and enterprises must issue an invoice of converting in cash according to the set form in Annex No. 09 promulgated together with this Circular. The cashier division must monitor specifically the quantity of money and tokens transacted actually in a period.

- Enterprises must have special-used bags to contain cash and tokens. These bags must be sealed before getting out from the counter cashier and after getting out from prize-winning electronic game machines.

- The opening of sealing of bags and inventory, calculation at counter cashier must be performed at a defined time as prescribed in regulation on financial management, process on management of tokens of enterprises and must be confirmed according to forms of invoices, vouchers including: Sheet of taking tokens out, sheet of receiving tokens, sheet of summing turnover, the final balance sheet of cashier specified in Annexes No. 07, 08, 10 and 11 promulgated together with this Circular.

View details at Circular No. 11/2014/TT-BTC of the Ministry of Finance of Vietnam, effective from March 15, 2014.

Thu Ba

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