A new law governing sweepstakes and promotional games is scheduled to take effect on April 14, establishing a formal legal framework for organizing “Giveaway” games. According to the Ministry of Finance, organizers will be subject to several requirements, including obtaining a specific permit, paying a tax equivalent to 18 percent of the total prize fund value, and publicly publishing both the rules and the final results of the games. To secure the necessary permit, organizers must submit an application to the Ministry of Finance no later than 30 days prior to the commencement of the promotion.
The application requires comprehensive documentation. Specifically, organizers must provide the detailed game rules, proof of the source of all prizes, relevant registration documents, and certificates confirming the fulfillment of public obligations. Furthermore, legal entities are mandated to submit a certificate verifying that there are no restrictions preventing them from organizing sweepstakes.
The law clearly stipulates the responsibilities of the organizer throughout the process. Compliance with these regulations aims to standardize the industry and ensure transparency for consumers participating in these promotional activities. The implementation of these rules establishes clear guidelines for all future giveaway games.
Topics: #games #permit #legal
