Gold shops harming state in more than 4.5 million euros – Jornal de Negócios – Portugal

There are hundreds of operators with closed fiscal activity that continue to operate, fleeing taxes, reveals the Diário Económico based on an audit of the Finance Inspectorate.

There are hundreds of the gold trade operators who have closed fiscal activities which continue to operate, escaping the tax authorities and harming the state at 4.5 million euros VAT, to which is added the loss in IRC and IRS revenue news Wednesday the Economic Daily.

The findings are the Finance Inspectorate and the result of an audit that concluded that the gold trade used is “a huge area of ​​activity risk of fraud and tax evasion, with lack of adequate control Tax “authority.

have been detected “hundreds of operators with licenses for the exercise of activity, after finding terminated tax, mostly for several years,” says the report, which calculates a VAT revenue potential higher missing to 4.5 million euros, “along with obvious implications on IRS and IRC.”

The Homeland Security Annual Report had already warned of the risk of fraud in this sector, boosted by the economic crisis, according to the same paper.

“The credit access difficulties and illiquidity experienced in various industries, promote greater openness of national economic agents face the investments with potentially illicit origin,” it read in the document. The financial advisory, lending to the recovery of companies or trade in gold and precious metals were some of the activities identified.