The Ministry of Finance explains the taxation of gold bullion transactions.

The Ministry of Finance has just issued a document responding to a petition from voters in Ho Chi Minh City submitted after the 10th session of the 15th National Assembly, regarding the regulation on tax collection on gold bar transactions in the draft Personal Income Tax Law.

The Ministry of Finance explains the taxation of gold bullion transactions. Photo: Minh Quyet/TTXVN

According to the Ministry of Finance, the Ministry received a petition from voters in Ho Chi Minh City, forwarded by the National Assembly's Committee on Citizen Petitions and Supervision in Official Letter No. 2517/UBGSDN15 dated January 16, 2026.

Voters have petitioned for a review of the regulations on taxing gold bullion transactions in the draft Personal Income Tax Law. According to feedback, taxing gold bullion transactions could affect the legitimate rights and interests of citizens, increase transaction costs, impact the psychology of gold ownership, and potentially affect the stability of the gold market.

In response to the petition, the Ministry of Finance stated that the Personal Income Tax Law No. 109/2025/QH15 stipulates the collection of tax on the transfer of gold bars at a rate of 0.1% on the transfer price of each transaction.

According to the Ministry of Finance, the proposal to tax the transfer of gold bars has been thoroughly reviewed and studied by relevant agencies based on a synthesis of opinions from ministries, sectors, and related agencies, as well as broad public opinion. It has also been examined by National Assembly bodies and approved by a majority vote of National Assembly deputies.

The law also mandates the Government to specify the tax threshold for gold bars, aiming to exclude individuals who buy and sell gold for savings and safekeeping purposes (not for business), in line with the current practice of people buying and hoarding gold.

Furthermore, to ensure feasibility, the Law has assigned the Government the authority to regulate the tax threshold for gold bars, the timing of collection, and the adjustment of personal income tax rates on gold bar transfers in accordance with the gold market management roadmap. Therefore, based on the gold market management roadmap, when the conditions for gold market management meet the requirements for collection and management, the Government will decide on the collection of tax on gold bar transfer transactions.

The Ministry of Finance affirms that the aforementioned regulations do not affect the legitimate rights and interests of the people, do not disrupt the gold market, and are a necessary step to help curb gold speculation and enhance market stability.

Source: https://baotintuc.vn/kinh-te/bo-tai-chinh-ly-giai-ve-thu-thue-giao-dich-vang-mieng-20260210162843704.htm