Reduce export tax to 0% for gold jewelry and industry

(Dan Tri) - From October 10, gold jewelry and export industry will enjoy a 0% tax rate instead of 1% as before.

The Government has just issued Decree 260/2025 amending export tax on a number of items in the Preferential Import-Export Tariff Schedule in Decree 26/2023. The Decree takes effect from the date of signing (October 10).

Accordingly, the Government maintains a 0% tax rate on silver jewelry and jewelry parts, whether or not plated or clad with other precious metals, and jewelry and jewelry parts of base metals clad with precious metals for export.

Notably, the Government allows a reduction in export tax on jewelry and parts of jewelry of other precious metals, whether or not plated or clad with precious metal, from 1% to 0%.

For gold or silverware and parts of gold or silverware, made of precious metals or metals clad with precious metals, the Decree maintains the export tax rate at 0%; and for other precious metalware, it is reduced from 1% to 0%.

Other products made of gold or silver also have their export tax rate reduced from 1% to 0%.

Gold rings are displayed at a gold shop (Photo: Manh Quan).

According to the Ministry of Finance , this tax reduction is necessary to support businesses in reducing costs and increasing competitiveness. This also contributes to transforming stored gold into value-added products in the context of limited input gold sources and high prices.

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

Also from October 10, Decree No. 232/2025 amends and supplements a number of articles of Decree No. 24/2012 of the Government on the management of official gold trading activities.

Previously, the State had a monopoly on gold bars. Now, the State Bank will assign the right to import and produce gold bars to a number of qualified banks and businesses.

Banks and businesses that want to be licensed to produce gold bars must have a license to buy, sell and trade this item. They must also meet capital requirements, with businesses having a charter capital of VND1,000 billion or more, and banks having a charter capital of VND50,000 billion or more.

Source: https://dantri.com.vn/kinh-doanh/giam-thue-xuat-khau-xuong-0-voi-vang-trang-suc-ky-nghe-20251010195108183.htm