What is trực tiếp bóng đá hôm nay euro rate of personal income tax on trực tiếp bóng đá hôm nay euro income from prizes in Vietnam?
What is trực tiếp bóng đá hôm nay euro rate of personal income tax on trực tiếp bóng đá hôm nay euro income from prizes in Vietnam?
Based on Clause 2, Article 15 ofCircular 111/2013/TT-BTC, trực tiếp bóng đá hôm nay euro following stipulations apply:
Tax basis for income from winning prizes
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2. trực tiếp bóng đá hôm nay euro personal income tax rate for income from winning prizes is a flat rate of 10%.
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Thus, trực tiếp bóng đá hôm nay euro personal income tax on trực tiếp bóng đá hôm nay euro income from prizes (for residents) is 10%, applied according to trực tiếp bóng đá hôm nay euro flat tax rate.
What is trực tiếp bóng đá hôm nay euro rate of personal income tax on trực tiếp bóng đá hôm nay euro income from prizes in Vietnam? (Image from Internet)
What are bases for calculation of tax on incomes from winning prizes in Vietnam?
Under Clause 1, Article 15 ofCircular 111/2013/TT-BTC, amended by Article 18 ofCircular 92/2015/TT-BTC, taxable income from winning prizes is trực tiếp bóng đá hôm nay euro portion of trực tiếp bóng đá hôm nay euro prize value exceeding 10 million VND that trực tiếp bóng đá hôm nay euro taxpayer receives per prize, regardless of trực tiếp bóng đá hôm nay euro number of times they receive trực tiếp bóng đá hôm nay euro winnings.
If a prize is shared among multiple winners, trực tiếp bóng đá hôm nay euro taxable income is divided among trực tiếp bóng đá hôm nay euro recipients. trực tiếp bóng đá hôm nay euro winners must present legal documents as proof.
In trực tiếp bóng đá hôm nay euro absence of legal proof, trực tiếp bóng đá hôm nay euro prize income is considered as belonging to one individual. If an individual wins multiple prizes in one game, trực tiếp bóng đá hôm nay euro taxable income is calculated based on trực tiếp bóng đá hôm nay euro total value of all trực tiếp bóng đá hôm nay euro prizes.
Taxable income for certain prize-winning games:
(1). For lottery winnings, it is trực tiếp bóng đá hôm nay euro total prize amount exceeding 10 million VND per ticket received in one lottery draw, before any costs are deducted.
(2). For winning promotion items, trực tiếp bóng đá hôm nay euro taxable amount is trực tiếp bóng đá hôm nay euro value of trực tiếp bóng đá hôm nay euro promotional product exceeding 10 million VND, converted to cash based on trực tiếp bóng đá hôm nay euro market price at trực tiếp bóng đá hôm nay euro time of receipt, before any costs are deducted.
(3). For winnings from betting, casino, and other games at entertainment centers with prizes:
- For betting winnings, it is trực tiếp bóng đá hôm nay euro total prize amount exceeding 10 million VND received, before any costs are deducted.
- For casino winnings and other games at entertainment centers with prizes, it is trực tiếp bóng đá hôm nay euro amount exceeding 10 million VND that trực tiếp bóng đá hôm nay euro individual receives from winning a game. Specifically:
+ Winnings in a game are trực tiếp bóng đá hôm nay euro difference between trực tiếp bóng đá hôm nay euro cash amount trực tiếp bóng đá hôm nay euro player cashes out and trực tiếp bóng đá hôm nay euro cash amount they put in during one game.
In cases where winnings are in foreign currency, they should be converted to VND at trực tiếp bóng đá hôm nay euro exchange rate published by trực tiếp bóng đá hôm nay euro State Bank effective at trực tiếp bóng đá hôm nay euro time trực tiếp bóng đá hôm nay euro income arises.
+ trực tiếp bóng đá hôm nay euro determination of trực tiếp bóng đá hôm nay euro cash amount received and spent in one game is as follows:
++ For games with chip-based play (chips, intermediary chips, and slot tokens according to trực tiếp bóng đá hôm nay euro Ministry of Finance’s financial management regulations for prize games):
+++ trực tiếp bóng đá hôm nay euro cash amount received (cash out) in one game is trực tiếp bóng đá hôm nay euro total value of all exchanges of chips/tokens for cash during trực tiếp bóng đá hôm nay euro game.
+++ trực tiếp bóng đá hôm nay euro cash amount spent (cash in) in one game is trực tiếp bóng đá hôm nay euro total value of all exchanges of cash for chips/tokens during trực tiếp bóng đá hôm nay euro game.
trực tiếp bóng đá hôm nay euro basis for determining trực tiếp bóng đá hôm nay euro cash spent and received in a game is trực tiếp bóng đá hôm nay euro cash exchange receipts for customers (according to trực tiếp bóng đá hôm nay euro sample accompanying trực tiếp bóng đá hôm nay euro financial management regulations for prize games of trực tiếp bóng đá hôm nay euro Ministry of Finance) and other invoices and documents as stipulated by trực tiếp bóng đá hôm nay euro current accounting laws.
Example: Mr. M, from trực tiếp bóng đá hôm nay euro time he entered to trực tiếp bóng đá hôm nay euro time he left trực tiếp bóng đá hôm nay euro entertainment center with prizes, exchanged money for chips three times with a total value of 500 USD and exchanged chips for money twice with a total value of 700 USD. Based on these exchanges, Mr. M’s winning prizes and taxable income are determined as follows:
winning prizes = 700 USD – 500 USD = 200 USD.
Taxable income = 200 USD × USD/VND exchange rate - 10 million VND
++ For games with cash-based automatic machines:
+++ trực tiếp bóng đá hôm nay euro cash amount received (cash out) in one game is trực tiếp bóng đá hôm nay euro total value of trực tiếp bóng đá hôm nay euro cash withdrawn from trực tiếp bóng đá hôm nay euro machine when trực tiếp bóng đá hôm nay euro game ends, minus any accumulated prize (if applicable).
+++ trực tiếp bóng đá hôm nay euro cash amount spent (cash in) in one game is trực tiếp bóng đá hôm nay euro total value of all cash inputs into trực tiếp bóng đá hôm nay euro machine during trực tiếp bóng đá hôm nay euro game.
Specifically for accumulated prize (jackpot) winnings, periodic prizes for lucky customers, and similar forms, trực tiếp bóng đá hôm nay euro winning prizes are trực tiếp bóng đá hôm nay euro total prize value, unadjusted for any costs.
+ If trực tiếp bóng đá hôm nay euro prize game or casino organization cannot determine trực tiếp bóng đá hôm nay euro taxable income of individual winners to withhold tax as guided in point c.2, Clause 1, of this Article, they must pay tax on behalf of trực tiếp bóng đá hôm nay euro winners at a fixed rate on trực tiếp bóng đá hôm nay euro total amount paid out (cash out). Organizations offering prize games and casinos opting to pay fixed-rate personal income tax must register with trực tiếp bóng đá hôm nay euro tax authorities and adjust their payout structure to reflect after-tax income, posting it publicly at trực tiếp bóng đá hôm nay euro prize entertainment center. trực tiếp bóng đá hôm nay euro fixed tax rate follows trực tiếp bóng đá hôm nay euro Ministry of Finance's specific guidance.
+ "A game" is defined as follows:
- For games with chip-based play, a game starts when trực tiếp bóng đá hôm nay euro player enters trực tiếp bóng đá hôm nay euro prize entertainment center and ends when they leave trực tiếp bóng đá hôm nay euro center.
- For cash-based automatic machine games, a game starts when trực tiếp bóng đá hôm nay euro player inputs cash into trực tiếp bóng đá hôm nay euro machine (key in/cash in) and ends when they withdraw cash from trực tiếp bóng đá hôm nay euro machine (cash out).
- For accumulated prize (jackpot) winnings, periodic lucky customer prizes, and similar forms, each winning session is considered a separate game.
(4). For winnings from prize games and contests, it is calculated per payout. trực tiếp bóng đá hôm nay euro taxable prize value is trực tiếp bóng đá hôm nay euro total prize amount exceeding 10 million VND that trực tiếp bóng đá hôm nay euro player receives, unadjusted for any costs.
What is trực tiếp bóng đá hôm nay euro personal income tax rate for non-residents for winning prizes in Vietnam ?
Based on Clause 1, Article 31 of trực tiếp bóng đá hôm nay euroPersonal Income Tax Law 2007, trực tiếp bóng đá hôm nay euro following stipulations apply:
Tax on income from winnings, inheritance, and gifts
1. Tax on income from winnings, inheritance, and gifts of non-residents is calculated by multiplying trực tiếp bóng đá hôm nay euro taxable income defined in Clause 2 of this Article by trực tiếp bóng đá hôm nay euro tax rate of 10%.
- Taxable income from winnings of non-residents is trực tiếp bóng đá hôm nay euro portion of trực tiếp bóng đá hôm nay euro prize value exceeding 10 million VND per prize winning in Vietnam; taxable income from inheritance and gifts is trực tiếp bóng đá hôm nay euro portion of trực tiếp bóng đá hôm nay euro asset value exceeding 10 million VND per income occurrence that non-residents receive in Vietnam.
Thus, trực tiếp bóng đá hôm nay euro personal income tax rate for non-residents on winning prizes is 10%.
