Legal Counselling IN HANOI, VIETNAM

Allowable Deductions for Corporate Income Tax for Lottery Businesses

Anh Tú

21:18, 11/07/2024

Lottery businesses are allowed to deduct the following specific expenses when calculating corporate income tax:

Prize distribution costs
Commission expenses for lottery agents
Costs for authorized prize payments to winning customers
Costs for conducting lottery draws and supervision activities of the Lottery Supervision Council
Costs for supporting anti-illegal lottery activities and counterfeit tickets
Costs for provisioning the prize risk reserve fund
Costs related to lottery tickets
Costs for lottery ticket information, lottery drawing, and prize result announcements
Costs for contributions to the activities of the Regional Lottery Council

See detailed expenses in Decree 122/2017/ND-CP, effective from January 1, 2018.

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