What is the customs duty on diamonds, and what is the customs duty on diamonds

Legal Analysis: As of November 2019, the import and export tax on diamonds is 10%. Since July 1, 2018, China has reduced the most-favored-nation tax rate for some imported consumer goods, involving 1,449 tariff items.

Legal basis: Law of the People's Republic of China on the Administration of Tax Collection

Article 1 This Law is enacted for the purpose of strengthening the administration of tax collection, standardizing the collection and payment of taxes, safeguarding national tax revenues, protecting the legitimate rights and interests of taxpayers, and promoting economic and social development.

Article 2 This Law shall apply to the collection and administration of all kinds of taxes levied by the taxation authorities in accordance with the law.

Article 3 The levy and suspension of taxation, as well as tax reduction, exemption and tax refund, and Xianghu tax compensation, shall be implemented in accordance with the provisions of the law; Where the law authorizes ***, it shall be implemented in accordance with the provisions of the administrative regulations formulated by ***.

No organ, unit, or individual may violate the provisions of laws and administrative regulations by making decisions on tax collection, suspending, tax reduction, tax exemption, tax refund, tax compensation, or other decisions that contradict tax laws and administrative regulations.

Article 4 Units and individuals that are liable to pay taxes as stipulated by laws and administrative regulations are taxpayers.

Units and individuals that are required by laws and administrative regulations to withhold and remit, collect and remit taxes are withholding agents. Taxpayers and withholding agents must pay, withhold and remit, collect and remit taxes in accordance with the provisions of laws and administrative regulations.

As of November 2019, the import and export tax on diamonds is 10%. Since July 1, 2018, China has reduced the most-favored-nation tariff rate on some imported consumer goods.

1449 taxes involved.

Eye. Among them, the import of gold and silver jewellery (whether or not set with diamonds) is taxed.

The tax rate was reduced from 20% to 8%; The import duty rate on platinum and other *** jewellery (with or without diamonds) has been reduced from 35% to 10%, which is the same as the commodity rate on *** alloys and gold-plated materials.

Import duties on gemstones and semi-spring gemstone products have also been reduced to 10%. Import duties on costume jewelry made from unregistered materials were reduced from 35 to 18, while alkali metals.

The import duty on costume jewellery has been reduced from 17 to 8.

Tariffs on Chinese diamonds (3). The tariff refers to the tax levied by the customs set up by the first customs on the importer and exporter when the import and export goods pass through the customs border of a country. On March 7, 1985, the Regulations of the People's Republic of China on Import and Export Tariffs were promulgated.

On January 22, 1987, the 19th Session of the Standing Committee of the Sixth National People's Congress passed the Customs Law of the People's Republic of China, of which Chapter 5 is "Tariff". In November 2003, the Regulations of the People's Republic of China on Import and Export Tariffs were revised and promulgated in accordance with the Customs Law. As a specific implementation measure, the Administrative Measures of the Customs of the People's Republic of China for the Taxation of Imported and Exported Goods were deliberated and adopted on December 15, 2004 and came into force on March 1, 2005.

Diamond It depends on what kind of diamond you are, whether it has been processed or not.

Loose Diamond Imports: Ungraded Tariff 3% Industrial Tariff 0% Non-Industrial Use (Raw or Simple Sawing, Splitting, Coarsely Ground) 3% Non-Industrial Other 8% Diamond Ring Imports: Silver Tariff 20% **Tariff 20% Platinum Tariff 35% Other Platinum 35% Base Metals 35% Personal Diamond Import Tariff:

10%, but the number is limited.