On March 23, 2015, the Ministry of Finance issued the Circular No. 36/2015/TT-BTC dated March 23, 2015 amending the export tax rates applicable to gold jewelry, goldsmiths’ wares and other golden articles in subheadings 71.13, 71.14, 71.15 of export tax schedule.
Accordingly, from May 07, 2015, the export tax rates applicable to Articles of jeweler and parts thereof, of precious metal or of metal clad with precious metal, of precious metal whether or not plated or clad with precious metal or of gold, with gold content of at least 95% increase from 0% to 2%. Besides, the Circular also prescribes the conditions for applying the export tax rate of 0%, regarding the goldsmiths’ jeweler (subheading 71.13), articles of goldsmiths’ wares (subheading 71.14) and other articles of gold (subheading 71.15) eligible for export tax rate of 0%:
Apart from customs dossiers applicable to the export prescribed in the general regulations, there shall be a note of test result confirming that the gold content is under 95% granted by an organization in charge of assessing gold content in jeweler, goldsmiths’ and silversmiths’ wares. Organizations in charge of assessing gold content in jewelry and goldsmiths’ wares are appointed by the Directorate for Standards, Metrology, and Quality, including: Quality Assurance and Testing Center No. 1, Quality Assurance and Testing Center No. 3, Doji Institute & Laboratory for Gemology and Jewelry, Asia Commercial Bank – Gold trading center or organizations decided by the Directorate for Standards, Metrology, and Quality.
This Circular takes effect on May 07, 2015
