Recently, the world and domestic gold markets have been complicated. Domestic gold prices have fluctuated strongly and increased rapidly, negatively affecting the safety of the financial and monetary markets and social psychology.
From the end of 2023 until now, domestic gold prices have continuously increased following world gold prices and show no signs of stopping.
To implement the direction of the Prime Minister, the Ministry of Finance and the General Department of Taxation require tax departments of provinces and centrally run cities to continue reviewing all enterprises, households and individuals trading and processing gold, silver and precious stones in the management area, especially the trading of raw gold and gold bars.
On that basis, implement the risk management principle in tax administration to conduct file inspection at the tax authority's headquarters according to regulations. In case of detecting risks, conduct inspection and examination at the taxpayer's headquarters according to regulations.
Gold price continues to increase, close to 82 million VND/tael
The General Department of Taxation also requires the establishment of a focal unit in charge of expertise, conducting research, implementation, monitoring and management of enterprises, households and individuals trading and manufacturing gold, silver, jewelry and fine arts. Timely detect enterprises, organizations and individuals trading and manufacturing gold, silver and precious stones but not declaring taxes, with differences between actual cost price and revenue and cost price and revenue declared for value added tax.
Tax departments proactively develop plans, report to the Provincial People's Committee, propose solutions and coordinate with departments, branches and sectors to strengthen management of businesses, households and individuals trading in gold, silver and precious stones.
Tax authorities coordinate closely with relevant authorities such as police, market management, banks, customs, etc. to strictly manage gold, silver, and gemstone trading, minimizing risks in tax management.
Through inspection and examination, if organizations and individuals trading in gold, silver and precious stones are found to have violated tax laws and have signs of crime, the case will be transferred to the police for investigation and handling according to the provisions of law.
On March 7, the price of SJC gold bars continued to increase rapidly to a record level, nearly 82 million VND/tael. This is the highest price ever for SJC gold bars. Compared to the beginning of March, the price of SJC gold bars has increased by 3.3 million VND/tael, equivalent to 4.2%.
On March 7, the price of gold rings reached 69 million VND/tael. Currently, the price of SJC gold bars is 17 million VND/tael higher than the world gold price, and gold rings are 4 million VND/tael higher.
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