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 the export tax rates for certain items specified in Appendix I issued with Decree No. 26/2023/ND-CP dated May 31, 2023, on the Export Tariff Schedule, Preferential Import Tariff Schedule, List of Goods and absolute tax rates, mixed tax rates, and import taxes outside the tariff quota.

From October 10th, the export tax on gold jewelry and handicrafts 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 coated with other precious metals; and jewelry and parts of jewelry made of base metals plated with precious metals remains at 0%.

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

The decree maintains the export tax rate for silver handicrafts and those made of base metals plated with precious metals at 0%; however, for other precious metal handicrafts, the tax is 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 understood that the new tax rate (0%) falls within the tax rate range for gold jewelry and handicrafts (0-10%) and is consistent with the principles for issuing tax schedules and rates.

The Ministry of Finance stated 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 and high-priced raw gold supplies.

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