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In total you are working five days (of 12 hours) on, and five days (12 hours) off. It depends on what country and what working hours regulations apply. You need to find out what your contracted working week is and not the actual hours you work. There maybe some conflict with weekend/public holiday working, pro-rated hours hours paid that are spread over the working/non-working week. Check your actual contract. By law you have to have one.

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Q: When a person works a rotation schedule of 12 hour days two on and three off and three on and two off and uses a vacation day why do they deduct more than 12 hours vacation for 12 hours off?
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