From December 1, Vietnamese people with income of 10 million VND/month can play casino

Casino businesses must open a logbook or issue electronic cards to control all subjects allowed to enter and exit the casino business location.

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The Ministry of Finance has just issued Circular No. 102/2017/TT-BTC guiding a number of provisions in Decree No. 03/2017/ND-CP on casino business.

Accordingly, casino businesses must open a logbook or issue electronic cards to control all subjects allowed to enter and exit the casino business location according to the provisions of Article 14 of Decree No. 03/2017/ND-CP.

The logbook is established in the form of a book entry or electronic information. In case the enterprise implements control by issuing electronic cards, it must have a summary report on the control of entry and exit subjects similar to the logbook. The logbook and electronic information must be stored for a minimum period of 2 years to serve the inspection and examination work of state management agencies.

Particularly for enterprises that are allowed to pilot allowing Vietnamese people to play at casino business locations according to the provisions of Article 12 of Decree No. 03/2017/ND-CP, the logbook for Vietnamese people playing must be kept for a minimum period of 5 years to serve the purpose of summarizing and evaluating the pilot allowing Vietnamese people to play at casinos according to the regulations.

The Circular also states that in order to participate in playing at a casino, Vietnamese people must prove their financial capacity. In particular, the documents proving that Vietnamese people have sufficient financial capacity to participate in playing at a casino are one of the following types of documents: Documents proving that they have taxable income from level 3 or higher according to the provisions of the Law on Personal Income Tax within 1 year before entering the casino; documents proving that they have regular income from 10 million VND/month or more.

Casino businesses that are allowed to pilot the admission of Vietnamese people to casinos are responsible for keeping records as prescribed for a minimum period of 5 years from the date of allowing Vietnamese people to enter the casinos. At the same time, businesses are responsible for collecting and separately accounting for revenue from entrance fees.

Also according to the guidance in this Circular, casino businesses are allowed to pilot allowing Vietnamese players to self-declare the number of Vietnamese people buying tickets to play at the casino and pay all ticket sales into the state budget revenue account. The time of payment is the same as the time of temporary payment of corporate income tax according to tax laws.

The provincial budget where the casino business organizes its business activities shall enjoy revenue from tickets to play at the casino business location and shall be used to invest in development for social welfare goals, serve the community, ensure security and social order, of which at least 60% shall be allocated to the fields of education, training, vocational training and health.

This Circular takes effect from December 1, 2017./.

According to Chinhphu.vn