(1) Gold and silver jewelry, platinum jewelry and diamonds, diamond jewelry, the tax rate is 5%.
(2) The tax rate for other precious jade jewelry is 10%.
If gold and silver jewelry and other products are sold as complete sets of consumer goods, the consumption tax shall be levied in full according to the sales amount.
The consumption tax rate of gold and silver jewelry, platinum jewelry, diamonds and diamond jewelry is 5%; The consumption tax rate of other precious jewelry and jewels and jade is 10%. Units and individuals engaged in retail business of gold, silver and jewelry in People's Republic of China (PRC) are taxpayers of consumption tax on gold, silver and jewelry (hereinafter referred to as taxpayers), and shall pay consumption tax in accordance with the provisions of this circular. The trustee is also a taxpayer who entrusts processing (unless otherwise specified) or consigns gold and silver jewelry. The following is the definition of retail business. We looked up the definition of retail. Retail refers to the commercial behavior of buying in bulk and selling directly to consumers.
Where consumption tax is not levied:
We believe that if there is no retail of gold and silver jewelry in the business scope of pawn shops, they cannot be recognized as units engaged in retail of gold and silver jewelry, and no consumption tax will be levied.
Legal basis:
Tax collection management law
Article 3. The collection and suspension of tax, as well as the reduction, exemption, refund and overdue tax, shall be implemented in accordance with the provisions of the law. Where the State Council is authorized by law, it shall be implemented in accordance with the administrative regulations formulated by the State Council. No organ, unit or individual may, in violation of the provisions of laws and administrative regulations, arbitrarily make decisions on tax collection, suspension, tax reduction, exemption, tax refund, overdue tax and other decisions inconsistent with tax laws and administrative regulations.