1. What is the consumption tax rate of gold jewelry?
Consumption tax Consumption tax is a typical indirect tax, which is the general name of various taxes based on the turnover of consumer goods. It is a tax levied by the government on consumer goods, which can be levied on wholesalers or retailers. The consumption tax on gold and silver jewelry, diamonds and diamond jewelry is levied from the retail link, and the tax rate is 5%. The calculation formula is:
Taxable sales of gold and silver jewelry = sales including VAT ÷( 1+ VAT rate or collection rate)
Taxable value of composition = original purchase price ×( 1+ profit rate) ÷( 1- consumption tax rate of gold and silver jewelry).
Taxable amount = component taxable value of gold and silver jewelry × consumption tax rate.
Second, the scope of consumption tax collection.
Consumption tax is a tax levied on a few consumer goods on the basis of general goods value-added tax, mainly to adjust product structure, guide consumption direction and ensure national fiscal revenue. The current scope of consumption tax collection mainly includes: cigarettes, alcohol, firecrackers, fireworks, cosmetics, refined oil, precious jewels and jade, golf balls and equipment, high-end watches, yachts, wooden disposable chopsticks, solid wood floors, motorcycles, automobiles, batteries, paints and other tax items, and some tax items are subdivided into several subheads.
According to the above answers, it can be concluded that the consumption tax on gold jewelry is generally paid according to the standard of 5%. In addition to gold jewelry, cars, motorcycles, alcohol, tobacco, firecrackers and cosmetics that are usually purchased are subject to consumption tax.