How to pay consumption tax on jewelry retail and jewelry processing
The relevant consumption tax rate is:
(1) Gold and silver jewelry tax rate of 5%; limited to gold, silver and gold base, silver-based alloy jewelry, as well as gold and silver and gold-based, silver-based alloy inlaid jewelry. Consumption tax is levied at the retail chain.
(2) Non-gold and silver jewellery tax rate of 10%; including all kinds of jewellery and various jewels and jade that have been mined, polished and processed. Consumption tax is levied on the sales link of the production chain.
According to the "Catalogue Tax Rate (Tax Amount) Table" and "Notes on the Collection of Consumption Taxes", enterprises that produce and process jewellery and jade shall be subject to a tax increase of 10% in the production and processing links.
The Notice of the Ministry of Finance and the State Administration of Taxation on the Tax Policies of Diamonds and Shanghai Diamond Exchange stipulates that the taxation link for the consumption tax on diamonds and diamond jewelry will be moved from the current production link and the import link to the retail link; The excise tax on finished diamonds and diamond jewelry is levied at a rate of 5%.
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