2 thoughts on “Does retail gold and platinum jewelry pay for consumption tax? What is the tax rate?”
Lynda
According to the "Notice of the Ministry of Finance and the State Administration of Taxation on Platinum and its product tax policies" (Cai Tax [2003] No. 86), the section 7: The levy of the consumption tax of platinum jewelry The session is levied, and the consumption tax rate is adjusted to 5 %. If in accordance with the "Notice on Adjusting the Consumption Tax Tax Taxation of Gold and Silver Jewelry" (Cai Tax [1994] No. 095), it stipulates that the scope of gold and silver jewelry that is changed to the retail section is limited to: gold, silver, and gold base , Silver -based alloy jewelry, as well as inlaid jewelry (hereinafter referred to as gold and silver jewelry) of gold, silver and gold -based and silver -based alloy. The consumption tax rate of gold and silver jewelry is 5 %. Therefore, according to the above documents, retail gold and platinum jewelry need to pay consumption tax, with a tax rate of 5 %.
According to the "Notice of the Ministry of Finance and the State Administration of Taxation on Platinum and its product tax policies" (Cai Tax [2003] No. 86), the section 7: The levy of the consumption tax of platinum jewelry The session is levied, and the consumption tax rate is adjusted to 5 %.
If in accordance with the "Notice on Adjusting the Consumption Tax Tax Taxation of Gold and Silver Jewelry" (Cai Tax [1994] No. 095), it stipulates that the scope of gold and silver jewelry that is changed to the retail section is limited to: gold, silver, and gold base , Silver -based alloy jewelry, as well as inlaid jewelry (hereinafter referred to as gold and silver jewelry) of gold, silver and gold -based and silver -based alloy. The consumption tax rate of gold and silver jewelry is 5 %.
Therefore, according to the above documents, retail gold and platinum jewelry need to pay consumption tax, with a tax rate of 5 %.
Gold and silver jewelry levied taxes in the retail section, with a tax rate of 5%