• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Vietnam casinos put under closer tax scrutiny: report

Jan 23, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Vietnam casinos put under closer tax scrutiny: report

The Ministry of Finance of Vietnam has reportedly issued a circular that requires, among other things, all licensed casino floors in that nation to be monitored by surveillance cameras, and all transactions to be recorded via computer. The circular is said to come into effect on February 12, reported the Vietnam News Agency.

The purpose is purportedly to ensure casinos are run properly and that winnings are reported regularly for tax collection purposes, said the news outlet.

The report added that casino businesses would be required to declare earnings and ensure payment of taxes in compliance with four statutes covering respectively: tax administration; value-added tax; special consumption tax; and corporate income tax, as well as various subsidiary laws.

The news regarding tighter monitoring of Vietnam casinos’ tax reporting responsibilities comes as the industry anticipates the start of a three-year trial scheme that would for the first time allow economically-qualified locals to gamble at selected casino resorts in the country.

The minimum capital investment before a casino firm could qualify to apply to take part in the scheme was said to be US$2 billion, according to previous reports of government guidelines.


  • tweet
Related articles
  • Cambodia ops to Mar 31 for due tax on non-gaming: report
    Cambodia ops to Mar 31 for due tax on...

    Feb 06, 2023  

  • Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook
    Donaco posts US$1.3mln 4Q EBITDA, flags...

    Jan 31, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us