Trade-in of gold and silver jewelry is calculated according to the actual amount collected, excluding value-added tax, that is, the consumption tax payable = the difference between trade-in and trade-in /( 1+ 17%)*5%.

Relevant regulations: Item 4 of Article 7 "Tax Basis" of the Notice of the Ministry of Finance on Adjusting the Consumption Tax on Gold and Silver Jewelry in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) ((94) Caishuizi No.095) stipulates that the tax basis shall be determined for the gold and silver jewelry sold by the taxpayer in the form of trade-in (including renovation and restructuring), and the consumption tax shall be levied according to the total price actually collected excluding VAT.

What is the consumption tax rate of gold and silver jewelry?

The consumption tax rate of gold and silver jewelry is 5%. China's current consumption tax is the tax on taxable consumption tax products levied by units and individuals engaged in the production, entrusted processing and import of taxable consumer goods in China. Its special function is that it is an important means for the country to implement consumption policy and guide consumption structure and then industrial structure.