Information, advertising and promotion of businesses dealing in prize-winning electronic games are regulated How is it determined according to current law?

How is the publication and provision of information about prize-winning electronic games regulated?

The publication and provision of information about prize-winning electronic games is mentioned in Article 33 of the Decree 121/2021/ND-CP as follows:

– Enterprises are responsible for fully posting the entry and exit rules and fully publicizing the Game Rules at Business Points.

– Enterprises must provide full and timely information and data related to the business of prize-winning electronic games at the request of competent state management agencies. rights.

– Enterprises are responsible for the accuracy and truthfulness of the information published and provided.

How will enterprises operating prize-winning electronic games advertise?

Advertising for prize-winning electronic games is regulated in Article 34 of Decree 121/2021/ND-CP, specifically:

– Only businesses that are granted a Certificate of business eligibility and businesses specified in Clause 1, Article 42 of this Decree may advertise the business of prize-winning electronic games.

– Advertising content includes:

+ Name and address of the enterprise doing business in prize-winning electronic games;

+ Name of video game with prizes;

+ Location of business location;

+ Subjects are allowed to play according to the provisions of Article 9 of this Decree.

– Location and form of advertising

Enterprises are only allowed to advertise in the form of boards and signs placed inside tourist accommodation establishments that have been licensed by competent state management agencies to operate prize-winning electronic games, but must ensure that outsiders cannot hear or see the advertising content.

– In addition to the provisions in Clauses 1, 2 and 3 of this Article, businesses are not allowed to advertise the business of prize-winning electronic games in any form and comply with other provisions of the law on advertising.

What are the regulations for discounts and promotions when trading electronic games with prizes?

Regulations on discounts and promotions when trading prize-winning electronic games in Article 35 of Decree 121/2021/ND-CP include:

– Businesses have the right to implement a discount policy for players, with a maximum discount of 2% on the total value of purchased tokens. When determining the taxable price, it is calculated according to the principle of actual revenue, minus the discount.

– The Ministry of Finance shall provide specific instructions on subjects eligible for discounts, discount rates and methods of determining the deductible tax price for each tax specified in Clause 1 of this Article.

– In addition to the discounts specified in Clause 1 of this Article, in case an enterprise uses accommodation, food, and travel services to promote players, these promotions can only be accounted for in expenses according to the ratio prescribed by current law on corporate income tax. The total cost used as a basis for determining the maximum promotional cost is the total deductible cost when determining corporate income tax, excluding promotional costs and bonus payments. In addition, businesses are not allowed to promote players in any other form.

– Enterprises when carrying out promotional activities, in addition to implementing the provisions of this Decree, must also comply with the relevant laws on promotion.