A citizen asked on the Government Portal whether a decree allowing cash payments for gold purchases under 20 million VND conflicts with the tax rule requiring non-cash payment for purchases of 5 million VND or more. The Quảng Trị Provincial Tax Department No. 2 answered that Decree No. 232/2025/NĐ-CP requires gold transactions of 20 million VND or more per customer per day to be paid through bank accounts, which is a rule on payment methods in gold trading. The 5 million VND threshold in Decree No. 320/2025/NĐ-CP is a condition for expenses to be deductible when determining corporate income tax. The two rules have different purposes and scopes, so they do not conflict.
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Original headline: Mua vàng trả tiền mặt có mâu thuẫn với quy định thuế hay không?
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From October 16, customers buying or selling gold worth 5 million dong or more in a day must pay by non-cash means, down from the previous 20 million dong threshold. Decree 390/2026/NĐ-CP, signed by Deputy Prime Minister Nguyễn Văn Thắng, also removes conditional business requirements for producing, processing and trading gold jewellery and decorative art, so producers no longer need a State Bank eligibility certificate. Gold bars remain a conditional business requiring a State Bank licence. For firms processing gold for foreign partners, the State Bank may consider raw-gold import licences, while companies must build data systems on gold imports, exports, trading, use and inventory that connect to the regulator.
- Gold purchases and sales of 5 million dong or more per day must be paid by non-cash means
Under Decree 390/2026, effective October 16, gold purchases and sales of 5 million dong or more per day must be paid by non-cash means, down from the previous threshold of 20 million dong. The decree also sets rules for licensing raw gold imports for jewelry and decorative-art makers with foreign processing contracts, and calls for an information system to manage raw gold data. The State Bank of Vietnam will inspect gold trading activities, while the Ministry of Science and Technology is responsible for national standards and quality measurement of gold. The decree repeals earlier rules on producing, processing and trading jewelry and decorative gold, so production certificates issued before October 16 are no longer a requirement. Pending applications for new, amended or supplemented certificates will be terminated by the State Bank, which will notify the applicants.
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