Legal basis: Notice of the Ministry of Finance on Relevant Issues Concerning the Adjustment of Consumption Tax on Gold and Silver Jewelry in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) 1. Change 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).
Jewelry that does not fall within the above scope and is subject to consumption tax (hereinafter referred to as non-gold and silver jewelry) is still subject to consumption tax on its production and sales.
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.
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.