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Vietnam May Not Tax Foreigners' Casino Winnings

VIETNAM – As reported by the Vietnam Economy: "Foreign casino and jackpot winners may not have to pay personal income tax (PIT) on their winnings per recent General Department of Taxation (GDT) proposals.

"The GDT is currently mulling whether or not to tax casino winners, and is reportedly leaning towards exemption.

"Some analysts argue that foreigner casino winnings must be taxed either 10%, as with earnings from local lotteries, or 25% as regular income of non-resident foreigners in Vietnam.

"But GDT does not share the same view. Do Thi Thin, Head of the Personal Income Tax Section under GDT, cited several reasons against taxing winnings saying that, unlike domestic lottery awards, all casino and jackpot players already pay a special consumption tax (SCT)…"

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