A gold shop evades taxes 90 billion dong

This information has just been announced by the Ministry of Finance. Phuoc Nguyen gold shop is represented by Mr. Nguyen Thanh Binh and does not have a foreign currency business license.

According to an investigation document of An Giang province police, from 2015 to 2020, this business sold gold and foreign currencies in contravention of the law with a revenue of over VND 6,332 billion via bank transfer.

Meanwhile, the revenue from gold sales that Phuoc Nguyen gold shop declared to Long Xuyen City Tax Department from 2015 to 2020 is less than 340 billion VND. The difference in sales of gold between the actual and the declared gold shop of this gold shop is over 6,000 billion VND in 6 years.

The Ministry of Finance quoted the investigation results of the police agency as saying that Mr. Binh hired a number of employees and his wife, Nguyen Thi My Dung, in the name of the account holder at the bank but did not declare it to the tax agency. When there is a transaction of buying and selling gold, the buyer transfers money to this account to pay for the purpose of hiding revenue to avoid tax.

According to statistics, the difference between the buying and selling prices ranges from 1% to 2% of the sales revenue, the amount of tax evasion is estimated at 90 billion VND. The Ministry of Finance said that the tax agency is still coordinating with the police to investigate, and at the same time, directs tax agencies to strengthen inspection and supervision of gold, silver and gems trading enterprises.

Earlier, at the beginning of March, the Investigation Police Agency of An Giang Province Police had additionally prosecuted the case of tax evasion at a private enterprise, a gold shop in Phuoc Nguyen, represented by Nguyen Thanh Binh, 57 years old. . According to the investigative agency, this gold shop shows signs of tax evasion because it does not issue invoices, declare and pay taxes with transactions worth trillions of billion.

This move comes after nearly two months, when authorities expanded their investigation into a gold trade ring smuggled from Cambodia, carried out by Binh and his accomplices.

Quynh Trang