Strengthening tax inspection on gold trading activities

(DN) - News from Dong Nai Province Tax Department said that the tax sector is strengthening the review and inspection of tax work on gold trading activities in the province.

Gold trading activities will be one of three subjects subject to increased tax inspection at the end of 2025. Photo: Hoang Hai

This is one of the three key tasks that the Tax Department has directed to focus on implementing from now until the end of 2025 to improve tax management efficiency, prevent tax losses, and ensure state budget revenue. In addition to tax control on gold trading activities, the tax sector also focuses on reviewing and understanding the situation of businesses reporting prolonged losses; fraudulent invoice behavior to take advantage of value-added tax refunds, thereby promptly correcting and handling violations if they are detected.

According to the Tax Department's assessment, the review of gold trading enterprises recorded many signs of risk such as: gold trading through individuals without issuing invoices, illegal authorization and declared revenue not close to reality. From there, the Tax Department recommended that localities conduct inspections according to the list of risky enterprises, review all enterprises, households and individuals trading in gold, silver and precious stones.

For enterprises that have declared losses for many years, especially in the small and medium group, there are signs of abnormalities such as: no revenue but still continuously declaring losses, expenses not serving production and business, incorrect provisioning and related transactions not complying with the principle of independent comparison.

In the fight against VAT refund fraud, the Tax Department requires units to strengthen post-refund inspections, especially for high-risk items such as phones, non-ferrous metals, used cooking oil and valuable documents. Many violations have been discovered, including "virtual" headquarters, no actual business activities, non-bank payments, invoicing at the wrong time or exported goods with unusual signs of origin.

Ngoc Lien

Source: https://baodongnai.com.vn/kinh-te/202511/tang-cuong-kiem-tra-thue-doi-voi-hoat-dong-kinh-doanh-vang-8a8290b/