THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 73/2004/TT-BTC
Hanoi, July 16, 2004
 CIRCULAR
AMENDING CIRCULAR NO. 117/2002/TT-BTC OF DECEMBER 27, 2002 WHICH GUIDES THE IMPLEMENTATION OF THE FINANCIAL MANAGEMENT REGIME FOR CONSTRUCTION LOTTERY COMPANIES
Pursuant to the State Enterprise Law and the Enterprise Income Tax Law;
Pursuant to the Government’s Decree No. 59/CP of October 3, 1996 promulgating the Regulation on financial management and business accounting for State enterprises and the Government’s Decree No. 27/1999/ND-CP of April 20, 1999 amending and supplementing a number of articles of the above-said Financial Regulation;
In order to suit the practical situation of construction lottery (CL) activities,
The Finance Ministry hereby guides amendments to Circular No. 117/2002/TT-BTC of December 27, 2002 guiding the implementation of the financial management regime for CL companies as follows:
 
1. Point 2.2, Section 2 of Part II on payment of commissions in Circular No. 117/2002/TT-BTC of December 27, 2002 is amended as follows:
- Payment of agency commissions means the amounts paid to agents that sell tickets for CL companies.
Payment of agency commissions shall be prescribed by CL companies for each type of lotteries and applicable only to each period of time and each specific region, which, however, must not exceed 13% of the total ticket-sale turnover.

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CL companies shall have to deduct enterprise income tax (EIT) amounts to be paid by their EIT-liable agents before paying CL ticket-sale commissions to agents according to current regulations.
Apart from the above-said percentages of agency commissions, depending on the business scales, areas, nature and capabilities, CL companies may also pay the expenses in support of development of the agency network according to the provisions of Point 2.8, Part II of the Circular.
 

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