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blue-check New regulations on the business of prize-winning electronic games for foreigners

Circular No. 39/2022/TT-BTC dated June 24th, 2022 of the Ministry of Finance guiding a number of Articles of Decree No. 121/2021/ND-CP dated December 27, 2021 of the Government of Vietnam on the business of prize-winning electronic games for foreigners
Posted: 1/7/2022 7:19:29 AM | Latest updated: 25/7/2022 8:50:42 AM (GMT+7) | LuatVietnam: 5486 | Vietlaw: 570
VietlawOnline

This Circular regulates in details the business of prize-winning electronic games for foreigners under Decree No. 121/2021/ND-CP, including:

- Token management;

- Issuance of license for dong the business of prize-winning electronic games for foreigners;

- Principles of keeping business account and management of revenues and costs of enterprises engaging in the business of prize-winning electronic games for foreigners;

- Responsibilities of organizations in management of enterprises engaging in the business of prize-winning electronic games for foreigners.

Notably, according to Article 5 of this Circular, the fee for processing applications for re-issuance and adjustment to business eligibility certificates of enterprises is reduced from 20,000,000 VND to VND 5,000,000 VND/ certificate

The fee for processing applications for issuance and renewal of business eligibility certificates of enterprises is still 150,000,000 VND/ certificate.

This Circular takes effect from August 8th, 2022.

To replace Circular No. 11/2014/TT-BTCstatus1 dated January 17th, 2014 and Circular No. 57/2017/TT-BTCstatus1 dated June 2nd, 2017.

To abrogate Article 8 of Circular No. 84/2020/TT-BTC dated October 1st, 2020.

Notes
Please be informed that the attachments are neither translated nor included in the English file.
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Information

Effective Date 8-Aug-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 570

Files attachment

enflag pdficon TT39-24062022BTC[EN].pdf

Timeline

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