Vietnam: Safes for keeping cash and tokens must be sealed

15:36, 11/07/2024

This is a notable regulation in Circular 146/2017/TT-BTC of the Ministry of Finance of Vietnam providing guidelines on the management and supervision of tax collection for casino business activities.

Managing cash and tokens at casino vault, casino cage and at gaming tables and gaming machines are guided by Circular 146 as follows:

- Each casino enterprise must formulate and promulgate internal regulations at its casino, which must abide by regulations of Clause 1 Article 18 of Decree No. 03/2017/ND-CP of Vietnam's Government.

- Casino enterprise shall only exchange tokens for gamblers before playing casino at casino cage or gaming tables and shall receive tokens re-exchanged for cash at the casino cage.

- Casino enterprise must use computer software to manage any transactions related to cash and tokens and ensure that this software data must be specified in the revenue statement; at the same time, these transactions must be sufficiently recorded and reported to relevant competent authorities.

- Casino enterprise must arrange specialized safes (or boxes) for keeping cash and tokens. These safes (or boxes) must be properly sealed before they are taken from the vault and immediately after they are taken from gaming machines or gaming tables.

More details can be found in Circular 146/2017/TT-BTC of the Ministry of Finance of Vietnam, effective from February 12, 2018.

- Thanh Lam -

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