CASINO BUSINESS MUST USE COMPUTER SOFTWARE TO MANAGE TRANSACTION
On December 29, 2017, the Ministry of Finance issued the Circular No. 146/2017/TT-BTC guiding management and supervision of casino tax collection, takes effect on February 12, 2018.
This Circular defined that casino enterprise must use computer software to manage any transactions related to cash and tokens and ensure that this software data must be specified in the revenue statement made according to the revenue statement; at the same time, these transactions must be sufficiently recorded and reported to relevant competent authorities.
The revenue statement must be prepared by computer software and sent to the supervisory tax agency at the time when the statement of special excise duty is submitted every month.
Casino enterprise shall only exchange tokens for gamblers before playing casino at casino cage or gaming tables and shall receive tokens re-exchanged for cash at the casino cage. Concurrently, arrange specialized safes (or boxes) for keeping cash and tokens; these safes (or boxes) must be properly sealed before they are taken from the vault and immediately after they are taken from gaming machines or gaming tables.
The supervisory tax agency may supervise either directly at the casino premises or via electronic equipment and camera system of the casino.
