1 thought on “Do I need to pay the consumption tax for retail gold and silver jewelry

  1. Olga

    1. Answer
    The retail gold and silver jewelry should be paid for consumption tax. The consumption tax of gold and silver jewelry is paid by retailers in the retail session. The consumption tax rate of gold and silver jewelry is 5%. Together with gold and silver jewelry and packaging, regardless of whether the packaging is for separate pricing, and no matter how the accounting is calculated, the sales of gold and silver jewelry should be incorporated into the sales tax. The gold and silver jewelry with materials should be levied on the basis of the sales tax of the sales of similar gold and silver jewelry based on the sales price of similar gold and silver jewelry. If there is no sales price of similar gold and silver jewelry, taxation is calculated at the composition tax price.
    . Analysis of details
    The gold and silver jewelry range of consumption tax levied on retail session is limited to gold, silver and gold -based, silver -based alloy jewelry, as well as inlaid jewelry of gold, silver and gold, and silver -based alloys. Jewelry (hereinafter referred to as non -gold and silver jewelry) that does not belong to the above -mentioned consumption tax (hereinafter referred to as non -gold and silver jewelry) is still levying consumption taxes. For the production and business units that sell both gold and silver jewelry and non -gold and silver jewelry, the two types of products should be clearly divided and the sales are calculated separately. Anyone who is unclear or not separated by the division will be sold in the production link, and consumption tax will be levied from the high applicable tax rate; those who are sold in the retail session will all be levied on the consumption tax of gold and silver jewelry. If gold and silver jewelry and other products form a complete set of consumer goods, the consumption tax shall be levied at full sales.
    . Who is the taxpayer of the consumption tax of gold and silver jewelry
    The units and individuals engaged in the retail business of gold and silver jewelry in my country, and the taxpayer of consumption taxes for gold and silver jewelry. Those who entrust processing (except for other provisions) and commissioned gold and silver jewelry are taxpayers. Applying for the business unit identified by the taxpayer of the consumer taxpayer of the gold and silver jewelry, it shall take 30 Gannei from the date of receiving the business license. The Taxation Bureau handles tax registration and applies for the registration of gold and silver jewelry consumption taxpayers at the same time.

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