4 thoughts on “How much is diamond import tax?”

  1. As of November 2019, the diamond import and export tax was 10%.
    Ird in my country, from July 1, 2018, the most beneficial tax rate for some imported daily consumer goods has been reduced, involving 1,449 tax items. Among them, the import tariff rate of gold and silver jewelry (whether or not diamonds) decreased from 20%to 8%; the import tariff rate of platinum and other precious metal jewelry (whether or not diamonds) decreased from 35%to 10%, and precious metal alloys and gold -plated materials The tax rate is the same.
    The import tariffs on gems and semi -gem products have also been reduced to 10%. The import tariffs made of non -compilation materials decreased from 35 % to 18 %, while the import tariffs of alkaline metal artificial jewelry decreased from 17 % to 8 %.
    Pucting information
    "Administrative Measures for the Taxation Management Measures for the Import and Export Cargo Import and Export of Customs of the People's Republic of China":
    1 11 Customs shall be based on the taxes of import and export goods , Applicable tax rates and exchange rates levy taxes.
    The customs shall be in accordance with the "Tariff Regulations" in accordance with the "Tariff Regulations". The applicable tax rates such as measures or retaliatory tariffs are determined to determine the tax rate for import and export goods.
    It import and export goods shall apply the tax rate for the customs to accept the import or export of the goods for import or export.
    The imported transportation transportation goods should be applied to the tax rate implemented by the customs of the location of the transportation of the goods for the import of the goods; if the cargo is transported to the transportation site, it shall be approved by the customs. The tax rate implemented on the day of the transportation site.

    Reference information Source: China Government Network-Announcement of Council of the State Council's Council on the Import Tariffs of the Daily Consumption Products (Annex 1)

  2. From January 1, 2008, the rough diamonds and finished diamonds entering the domestic market through the Shanghai Diamond Exchange, the value -added tax was reduced from 17%to zero and 4%, respectively. No latest policy

  3. Diamonds purchased from overseas need to pay four types of taxes: tariffs, consumption taxes, import VAT, and stamp duty. Among them, the first three taxes are collected by the customs, and the stamp duty shall be paid by the taxpayer to the local tax. "Diamond" is 10 % applicable to entering items, that is, tariffs need to be paid. In accordance with the standards of small -scale taxpayers, the value -added tax of imported imports is 6%. The stamp duty is calculated according to the tax item of the "purchase and sales contract".

Leave a Comment