The number of gold smuggling cases has seen a sharp rise, especially since Japan raised the consumption tax to 8 per cent from 5 per cent in April 2014. File photo: Kyodo

Chinese man, eight others convicted in Japan for biggest gold smuggling plot with ships for secret cargo transfer

In Japan, the consumption tax, currently at 8 per cent, is levied on gold when it is imported. But smugglers try to evade the tax and sell smuggled gold to shops that will buy it at a price including the tax

Topic |   Japan

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The number of gold smuggling cases has seen a sharp rise, especially since Japan raised the consumption tax to 8 per cent from 5 per cent in April 2014. File photo: Kyodo
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