Limits on 04 Specific Expenditure Items of Lottery Business Enterprises

Thuy Phu

19:18, 10/07/2024

The Ministry of Finance promulgates Circular 138/2017/TT-BTC guiding Decree 122/2017/ND-CP on specific expenses for lottery trading enterprises.

Accordingly:

- The commission rates for lottery agents decided by lottery business enterprises must not exceed 15% of revenue from lottery business activities (including VAT and special consumption tax);

- The fee for authorized prize payments to lottery agents is a maximum of 0.2% of the total prize value paid by the lottery agent according to authorization;

- Regarding the expenditure for supporting the fight against illegal lottery and fake lottery ticket production:

- The expenditure for cases with court verdicts by the People’s Court is a maximum of 50 million VND per case;- The expenditure for cases with decisions on administrative violation fines and payment receipts is a maximum of 50% of the fine amount but not exceeding 15 million VND per case;

- The expenditure for contributions to the activities of the regional lottery council is agreed upon but must not exceed 60 million VND per year (5 million VND per month).

Circular 138/2017/TT-BTC takes effect from February 10, 2018, and applies from the fiscal year 2018.

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