According to a summary report of National Assembly deputies’ opinions during the group debate on the draft of the amended Law on Personal Income Tax, there were 27 opinions regarding including gold bars in the taxation category. The deputies’ concerns about the goal, practicality, and psychological effects of the policy suggest that this is an issue that requires careful consideration. Before the general debate on the draft law concerning Personal Income Tax scheduled for November 19, National Assembly deputies shared their opinions on the draft during the group debate on November 5. Out of 78 opinions expressed both verbally and in writing, 27 comments addressed the taxation of gold bar transactions, highlighting the topic’s importance. In Vietnam, gold is more than just an asset. It is tied to many traditions and memories: used as a dowry in weddings, saved by parents for their children, and considered a symbol of good luck on the God of Wealth’s Day. For many families, some gold pieces are kept as savings to protect against life’s uncertainties. One common argument repeated often is that people buy gold bars not for speculation. They purchase the precious metal with their salaries and long-term savings and hold onto […]
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