Export tax on gold jewelry and industry reduced to 0%

(GLO)- According to Decree No. 260/2025/ND-CP of the Government recently issued, export tax on gold jewelry and industry will be reduced from 1% to 0% from October 10.

Specifically, Decree No. 260/2025/ND-CP amends export tax rates for a number of goods specified in Appendix I issued with Decree No. 26/2023/ND-CP dated May 31, 2023 on Export Tariff Schedule, Preferential Import Tariff Schedule, List of goods and absolute tax rates, mixed tax, and import tax outside the tariff quota.

From October 10, export tax on gold jewelry and industry will be reduced from 1% to 0%. Photo: Internet

Accordingly, the export tax rate for jewelry and parts of jewelry made of silver, whether or not plated or clad with other precious metals; jewelry and parts of jewelry made of base metals clad with precious metals remains at 0%.

Reduce the export tax rate on jewelry and parts of jewelry of other precious metals, whether or not plated or clad with precious metal, from 1% to 0%.

The Decree maintains the export tax rate for silver and base metal industrial products clad with precious metals at 0%; other precious metal industrial products are reduced from 1% to 0%.

In addition, other products made of gold or silver also have their export tax rate reduced from 1% to 0%.

It is known that the new tax rate (0%) is within the tax rate bracket of gold jewelry and fine art groups (from 0-10%) and is consistent with the principles of promulgating tax schedules and tax rates.

The Ministry of Finance informed that this tax reduction is necessary to support businesses in reducing costs and increasing competitiveness. At the same time, it contributes to transforming stored gold into value-added products in the context of limited input gold sources and high prices.

Source: https://baogialai.com.vn/thue-xuat-khau-vang-trang-suc-ky-nghe-giam-ve-0-post569065.html