TIME LIMIT FOR RECEIVING PRIZES OF THE WINNING LOTTERY TICKETS IS 30 DAYS
This is the content off the Circular No. 75/2013/TT-BTC of the Ministry of Finance detailing lottery business operation.
In particular, time limit for receiving prizes of the winning lottery tickets is 30 days, from date of defining result of winning prizes or expiry date of circulating lottery ticket. Pass this time limit, the winning lottery tickets are no longer valid for receiving prizes. Lottery companies pay prizes at head offices, branches, representative offices and the authorized lottery agents. Duration of payment for the winning lottery tickets of lottery companies to the lottery winner is not later than 05 working days, after receiving request for prizes of customers. In cases arising disputes, complaints, duration for payment may be prolonged until having official conclusion of competent state agencies.
Besides, strictly prohibiting the lottery companies, Vietnam computing lottery one-member limited liability company andrelevant organizations and individuals to supply lottery promotions under forms such as reducing sale price of lottery tickets; giving lottery tickets without charge collection; giving gifts under form of kinds, money or goods purchase coupons or service use coupons which allow customers to enjoy one or several definite benefits; increasing the value of prizes in comparison with the rules for lottery prize participation and rate of prize payment as prescribed by State; selling lottery tickets enclosed with participation in programs winning prizes and so on.
This Circular takes effect in October 01, 2013 and replaces the Circular No. 65/2007/TT-BTC dated 18/6/2007 detailing the Decree No. 30/2007/ND-CP; Article 12 of the Circular No. 131/2009/TT-BTC dated 29/6/2009.
