In addition, Circular 119/2014/TT-BTC also clearly states that business establishments engaged in buying, selling, and processing gold, silver, and gemstones must separately account for tax payment using the direct calculation method based on price. increased value. And, Circular No. 40/2021/TT-BTC regulates business individuals and business households engaged in processing and producing gold jewelry, fine arts, production of jewelry and related details, and wholesale- Retailing of jewelry and related details must carry out tax management according to one of two methods: household contract and household declaration. On the basis, the tax amount payable by business households and individuals is equal to taxable revenue multiplied by the rate of calculating value-added tax and personal income according to regulations.
However, the Tax Authority said that in the field of gold and silver processing, there are still some cases of individuals purchasing processed goods and using processing services but not receiving invoices, making it difficult for the Tax Department to Control transaction activities. Therefore, to control all of these transactions, local agencies and departments need to have close management coordination. Among them, there is the role of the banking industry in controlling cash flow, the role of the People’s Committees of provinces, cities, districts… in directing local departments, branches and branches to strengthen inspections. , monitoring inspection.
Recently, the Tax industry has implemented many solutions to promote the implementation of the Prime Minister’s direction on controlling the issuance of electronic invoices in carrying out gold buying and selling transactions. Specifically, the industry has reviewed eligible gold business establishments to apply the electronic invoice solution with the Tax Authority’s code initiated from the cash register. In addition, the Tax industry encourages consumers to get invoices when purchasing goods and services through the lucky invoice program.
The General Department of Taxation has directed Tax Departments to coordinate with local agencies and departments in inspecting, examining and handling violations against business establishments that sell goods and services but do not issue electricity invoices. facilities, including gold trading establishments. On the other hand, units in the industry continue to strengthen propaganda and support taxpayers in purchasing and selling goods that must have legal invoices and documents, thereby creating civilized consumption habits, contributing to protecting the health and safety of consumers. protect the interests of buyers.
The General Department of Taxation recommends that in the near future, the State Bank research and submit to the competent authorities to prescribe mandatory non-cash payments for gold business transactions and at the same time stipulate a mechanism to control transactions. This.
The General Department of Taxation also requested the People’s Committees of provinces and cities to direct agencies and localities to deploy topics to review and handle violations against gold business establishments selling non-exported goods. timely orders to buyers; Organize the supervision and inspection of maintenance and compliance of gold trading establishments that have applied electronic invoices created from cash registers./.
