Official letter 62234/CTHNH-TTHT about PIT for income from winning prizes:
Based on the above provisions, the amounts of money or goods that individuals receive from participating in games and competitions with prizes are determined as income from winning prizes according to the instructions in Clause 6, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Finance. The organization paying the winnings is responsible for deducting personal income tax before paying the prize to the winning individual according to the instructions in Article 15 of Circular No. 111/2013/TT-BTC, Article 18 of Circular No. 92/2015/TT-BTC dated of the Ministry of Finance and making declarations according to the instructions in Appendix II issued with Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance.
