Vietlott submits334 trillion vnd to the State budget in 2016.
VCN - Vietnam Lottery Company (Vietlott) reported revenue of VND 1.6 trillion (US$ 70.3 million) last year and paid VND 334 trillion to the National Budget.
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Players are in line to buy lottery tickets at one of the points of Vietlott.
Specifically, Vietlott paid 334 billion vnd ($US 14.6 million) of 15 percent excise tax and 10 percent value-added tax to the budget of provinces and cities where it operates. In addition, eight jackpot winners also paid 56.7 billion vnd ($US 2.4 million ) in personal income tax to the State.
Private enterprise income tax (20%) and profit after setting up the funds in accordance with the law will be determined after finalization of the fiscal year. Locals and cities where the company deploys benefit 100% of the revenues from the business operations of Vietlott.
In addition, the company has over 2,000 points of sale, and 24 agents, creating jobs for around 4,000 people all over the country.
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By the end of the day 31-12-2016, the total value of prize money won was over VND 820 billion ($US 36 million), including 765 billion vnd of Mega 6/45, 510.9 billion vnd of eight jackpots and 55 billion vnd of Max 4D. 2017 is a crucial year to implement policies and resolutions of the General Assembly XII National Party and economic development indicators of the Government so basing on the success of 2016, Vietlott company is striving to successfully implement the policy of modernizing lottery and contribute and the overall development of the country.
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