Instruction and Notification on Fulfilling Tax Obligations and Profit Distribution for State-Owned Lottery Development Enterprises, Distributors, Distribution Branches, and Lottery Retailers Nationwide
关于全国范围内国有彩票开发企业、各经销代理、经销分支机构及彩票零售商履行税务义务、利润分配的指示通知
ຄຳສັງແນະນຳ ກຽວກັບການປະຕິບັດພັນທະອາກອນ, ເງິນປັນຜົນຂອງບໍລິສັດລັດວິສາຫະກິດຫວຍພັດທະນາ, ບັນດາຕົວແທນຈຳໜ່າຍ, ສາຂາຈຳໜ່າຍ ແລະ ຜູ່ຂາຍຍ່ອຍໃບຫວຍໃນຂອບເຂດທົ່ວປະເທດ
Summary
The Ministry of Finance of Laos, based on the Value Added Tax Law and Tax Law, issues instructions to uniformly regulate the declaration, payment methods, calculation basis, and payment deadlines for various taxes, including VAT, excise tax, profit tax, and income tax, for state-owned lottery development enterprises and their distribution agents, branches, and retailers.
Articles
Article 1
Value-Added Tax. The calculation basis for value-added tax on lottery operations is: the difference between total lottery sales revenue and the amount of prizes paid in cash or in kind, with the remainder serving as the basis for calculating value-added tax. — If the lottery sales revenue for a month is lower than the prize amount, the resulting deficit for that month may be carried forward within the same fiscal year to offset the lottery sales revenue of the following month. — The value-added tax declaration for state-owned lottery development enterprises, each distribution agent, and distribution branch shall be submitted before the 15th day of the following month; state-owned lottery development enterprises declare to the tax bureau, while each distribution agent and distribution branch declares to the tax department of their respective province or capital. For lottery development distribution agents or branches located in Vientiane Province and Vientiane Capital, the value-added tax already paid at the source when receiving lottery tickets from the state-owned lottery development enterprise is allowed to be deducted from the monthly payable value-added tax and may be carried forward for deduction until fully offset. Calculation example: 1. In January 2013, a lottery development distribution branch (A) sold a total of 100 million kip in lottery tickets, with prizes of 120 million kip for the same month, and a certain amount of value-added tax already paid at the source (according to the receipt notice from the state-owned lottery development enterprise). Value-added tax calculation basis: Sales revenue of 100 million kip — Prize amount of 120 million kip = negative 20 million (as per the original text: negative 20), i.e., a negative balance, carried forward to offset the following month's lottery sales revenue. 2. In February 2013, that branch sold 150 million kip in lottery tickets, with prizes of 30 million kip for the same month, and value-added tax already paid at the source (according to the receipt from the state-owned lottery development enterprise) of 1 kip (original text incomplete). Value-added tax calculation basis: Lottery sales revenue — Prize amount — Negative balance from the previous month (January 2013): 150 million kip — 30 million kip — 20 million kip = 100 million kip. Taxable business income approximately 9.090 billion kip (as per the original text). + Value-added tax for February 2013: 9.090 × 10% = 0.909. + Value-added tax already paid at the source in January 2013 of 1, and in February of 1.5, totaling 2.5. Actual payable value-added tax for the month: 0.909 — 2.5 = -1.591.
Article 2
Consumption tax. Pursuant to Article 21, Paragraph 2 of the Tax Law No. 05/National Assembly (promulgated on December 20, 2011), the calculation basis for consumption tax on lottery development is the cost price of lottery sales services for the current month, including: lottery printing costs, lottery production labor costs, and equipment and supplies costs for lottery printing. — Consumption tax declarations for state-owned lottery development enterprises must be submitted to the tax authority by the 15th of the following month. Calculation example: — Outsourced lottery printing fee for the current month: 185,000,000 Kip. — Lottery production labor cost: 78,000,000 Kip. — Equipment and supplies cost for lottery printing: 195,000,000 Kip. Total consumption tax calculation basis: 458,000,000 Kip. Consumption tax payable for the current month: 458,000,000 × 25% = 114,500,000 Kip; as for distribution agents or lottery development distribution branches, no additional consumption tax is required.
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