Latest conditions to be lottery agent in Vietnam 2023

What is lottery agent?

Pursuant to the provisions of Circular 75/2013/TT-BTC, the lottery agents include organizations, individuals eligible legally as prescribed in Circular 75/2013/TT-BTC directly sign contract of lottery agent with lottery companies for ticket distribution, consumption and paying the prizes to clients when clients win according to conditions, terms specified in contract of lottery agent.

Latest conditions to be lottery agent in Vietnam 2023 (Internet image)

Latest conditions to be lottery agent in Vietnam

(1) Conditions for lottery agent for individuals in Vietnam:

- Being Vietnamese citizens aged 18 years or older, permanently residing in Vietnam;

- Not being persons having previous convictions, criminal records; not being persons limited the civil act capability or lost civil act capability as prescribed by law;

- Not being employees, managers working at lottery companies or lottery companies operating in the same area;

- Not being spouse, biological father or mother, adoptive father or mother, children, adopted children, biological sisters or brothers, adoptive sisters or brother of chairmen, General Directors or Directors, deputy General Directors or deputy Directors, Chiefs accountant or persons in charge of accounting, controllers and heads, deputies of professional departments of that lottery company or lottery companies operating in the same area.

- Meeting requirements on ensuring payment as prescribed by law on guarantee transaction to ensure the payment obligation to lottery companies;

- Having written commitment on full compliance with provisions of lottery companies upon becoming lottery agent.

(2) Conditions for lottery agent for organizations in Vietnam:

- Being economic organizations that are established and operate legally in Vietnam;

- Not being economic organizations owning the contributed capital of chairmen, General Directors or Directors, deputy General Directors or deputy Directors, Chiefs accountant or persons in charge of accounting, controllers and heads, deputies of professional departments of that lottery company or lottery companies operating in the same area;

- Not being economic organizations owning the contributed capital of spouse, biological father or mother, adoptive father or mother, children, adopted children, biological sisters or brothers, adoptive sisters or brother of chairmen, General Directors or Directors, deputy General Directors or deputy Directors, Chiefs accountant or persons in charge of accounting, controllers and heads, deputies of professional departments of that lottery company or lottery companies operating in the same area;

- Meeting requirements on ensuring payment as prescribed by law on guarantee transaction to ensure the payment obligation to lottery companies;

- Having written commitment on full compliance with provisions of lottery companies upon becoming lottery agent.

Based on conditions specified in clause 1 of this Article, lottery companies may select organizations, individuals eligible for lottery agents. Selection of lottery agents must ensure principles of publicity, transparency and objectivity.

In case where organizations, individuals suggesting to do lottery agent are more than demand of lottery companies, lottery companies may organize bidding to select organizations, individuals that are eligible and have network that meeting requirements on ticket distribution and have the low cost level for agent commision so as to do as lottery agents.

Lottery agents are responsible for fulfilling tax obligations as prescribed by law.

Pursuant to: Article 16 of Circular 75/2013/TT-BTC.

Mai Thanh Loi

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