THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 91/2005/QD-BTC
Hanoi, December 8, 2005
 
DECISION
ISSUING REGULATIONS ON FINANCIAL MANAGEMENT OF BUSINESS ACTIVITIES OF GAMES WITH PRIZES
THE MINISTER OF FINANCE
Pursuant to Decree 24/2000/ND-CP of the Government dated 31 July 2000 on implementation of the Law on Foreign Investment in Vietnam and Decree 27/2003/ND-CP of the Government dated 19 March 2003 amending Decree 24 above;
Pursuant to Decree 164/2003/ND-CP of the Government dated 22 December 2003 on implementation of the Law on Corporate Income Tax and Decree 152/2004/ND-CP of the Government dated 6 August 2004 amending Decree 164 above; Decree 149/2003/ND-CP of the Government dated 4 December 2003 on implementation of the Law on Special Sales Tax (as amended); Decree 158/2003/ND-CP of the Government dated 10 December 2003 on implementation of the Law on Value Added Tax (as amended); and Decree 148/2004/ND-CP of the Government dated 23 July 2004 amending Decree 158 above;
Pursuant to Decree 129/2004/ND-CP of the Government dated 31 May 2004 on implementation of the Law/on Accounting;
Pursuant to Decree 77/2003/ND-CP of the Government dated 1 July 2003 on the functions, duties, powers and organizational structure of the Ministry of Finance;
Pursuant to Decision 32/2003/QD-TTg of the Prime Minister of the Government dated 27 February 2003 issuing regulations on conducting business of electronic games with prizes for foreigners;
In implementation of Official Letter 5852/VPCP-QHQT of the Prime Minister of the Government dated 27 October 2004 regarding issuing regulations on financial management of business activities of games with prizes;
On the proposal of the Director of the Department for External Finance;
DECIDES:
Article 1. To issue with this Decision the Regulations on financial management of business activities of games with prizes.
Article 2. This Decision shall be of full force and effect fifteen (15) days after the date of its publication in the Official Gazette. The Director of the Department for External Finance, heads of units under the Ministry of Finance, Directors of Departments of Finance and Directors of Tax Divisions of provinces and cities under central authority shall, within the scope of their respective duties and powers, be responsible for organizing implementation of this Decision. Business establishments and representatives of parties to business co- operation contracts which are permitted to conduct business activities of games with prizes shall also be responsible for implementation of this Decision.
 

 

 
FOR THE MINISTER OF FINANCE
DEPUTY MINISTER



Le Thi Bang Tam
 
REGULATIONS
ON FINANCIAL MANAGEMENT OF BUSINESS ACTIVITIES OF GAMES WITH PRIZES
(Issued with Decision 91/2005/QD-BTC of the Minister of Finance dated 8 December 2005, as amended by Decision 84/2007/QD-BTC of the Minister of Finance dated 17 October 2007)
Chapter I
GENERAL PROVISIONS
Article 1. Governing scope and applicable entities
1. These Regulations apply to business activities of games with prizes.
2. Establishments conducting the business of electronic games with prizes shall be subject to these Regulations and shall be legally liable for their business activities.
Article 2. Interpretation of terms
In these Regulations, the following terms shall be construed as follows:
1. Games with prizes mean games in which players use real money or conventional money to play games on prize games machines designed to pay monetary prizes at a fixed ratio.
(a) Electronic games with prizes means the type of games with prizes in which the player directly plays the electronic prize games machine throughout the entire playing process and staff of the amusement and entertainment location are not permitted to intervene or participate in any form in such playing process.
(b) Other games with prizes means the type of games with prizes in which staff of the amusement and entertainment location provide a number of services for the player throughout the playing process such as dealing cards, or issuing and collecting chips from customers who are playing the prize games machines.
2. Conventional money means metal chips, intermediary metal chips and metal tokens which are manufactured in accordance with general technical specifications and which are only used in business activities of games with prizes, and which may be changed for cash. An intermediary metal chip is a type of chip which may only be changed for cash via a metal chip. Each metal chip and intermediary metal chip has a specific monetary value recorded on its face, while a metal token may or may not have its value recorded on its face but must be convertible in accordance with the Rules of the business establishment.
3. Prize games machine means a type of specialized apparatus designed for the purpose of playing games which depend on pure chance or which depend on skill, or games which depend on a combination of pure chance and skill.
(a) Prize games electronic machine means a type of prize games machine used for electronic games, in which the prize payment ratio and an electronic system for paying prizes is automatically built into the machine.
(b) Other prize games machine means a machine for playing games with prizes, other than the type of machine stipulated in sub-clause (a) above.
4. Prize payment ratio means the amount of prize money which a player may win compared to the amount of money paid out by the player in order to play the game, in accordance with Games Rules approved by the Ministry of Finance.
5. Amusement and entertainment location with prizes means a separate area which is specified and registered with the competent State authority for use by a business establishment to hold activities being games with prizes.
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