Consumption tax is a typical indirect tax. It is the general name of all kinds of taxes that tax the turnover of consumer goods. This is a tax levied by the government on consumer goods, which can be collected from wholesalers or retailers. Gold and silver jewelry, diamonds and diamond jewelry are subject to the consumption tax of the retail department.
First, the scope of gold and silver jewelry subject to consumption tax in retail links
The scope of gold and silver ornaments for which consumption tax is levied on retail links is limited to: gold, silver and gold-based and silver-based alloy ornaments, as well as gold, silver and gold-based and silver-based alloy inlaid ornaments (hereinafter referred to as gold and silver ornaments). For the production and business units that sell both gold and silver jewelry and non-gold and silver jewelry, they should clearly divide the two types of goods and account for their sales separately. If the division is unclear or cannot be accounted for separately, if it is sold in the production process, the consumption tax will be levied at the high applicable tax rate; Sales in the retail sector will be subject to consumption tax on gold and silver jewelry.
Second, the tax basis
1. Taxpayers' tax basis for selling gold and silver jewelry is sales excluding VAT, and its calculation formula is: sales of gold and silver jewelry excluding VAT = sales including VAT (1+ VAT rate or collection rate).
2. Gold and silver ornaments are sold together with packaging materials, regardless of whether the packaging materials are separately priced or not, and no matter how they are accounted for, they are included in the sales of gold and silver ornaments and the consumption tax is levied.
3. Gold and silver jewelry entrusted by one party with materials shall be taxed according to the sales price of similar gold and silver jewelry sold by the entrusted party. If there is no sales price for similar gold and silver jewelry, it shall be taxed according to the composition taxable value, and the calculation formula is: composition taxable value = (material cost+processing fee) (1- consumption tax rate for gold and silver jewelry).
4. For gold and silver ornaments (including renovation and restructuring) sold at a discount by taxpayers, the tax basis shall be determined according to the actual total price excluding value-added tax, and consumption tax shall be levied.
5 business units will use gold and silver jewelry for gifts, sponsorship, fund-raising, advertising, samples, employee welfare, rewards, etc. The tax basis is determined according to the sales price of similar gold and silver jewelry sold by taxpayers, and consumption tax is levied. If there is no sales price for similar gold and silver jewelry, the tax shall be calculated according to the constituent taxable value.
Third, the main role of consumption tax.
1. Optimize the tax structure and improve the turnover tax system.
2. Cooperate with the national household registration policy and consumption policy.
3. Raise funds to increase fiscal revenue.
4. Weaken and alleviate the contradiction between the disparity between the rich and the poor and unfair distribution.
legal ground
Measures for the Administration of Collection of Consumption Tax on Gold and Silver Jewelry Article 1 The scope of gold and silver jewelry mentioned in Article 1 of the Notice does not include gold-plated (silver), gold-plated (silver) and inlaid jewelry.