If the establishment of the Jade Exchange in Guangdong can increase the tax by 2 billion per year

March 18, 2020

If the Jade Exchange is established in Guangdong Province, the jade will enter the Chinese market through legal channels, and the current state tax revenue is expected to increase by 2 billion yuan per year. According to Guo Qinghong, a member of the Guangdong Provincial Political Consultative Conference, the transaction is also equipped with supporting services such as inspection, exhibition and design.

It is reported that there are currently 28 famous brand enterprises in Guangdong Province, accounting for nearly 60% of the country. However, due to the unreasonable tax situation, the development of the jade industry has been hindered, and even tax evasion has occurred.

Guangdong's jewelry manufacturing accounts for 50% of the world's total, and 70% of the national market. The two major exchanges of jewellery and precious metals in Shanghai, Guangdong, the precious metal merchants accounted for 80%-90% of the exchange's annual trading volume, the annual export value was about 1.2 billion US dollars, and Guangdong has 11 jewelry industry gathering areas. It is also the place where the jewelry industry gathers the most. However, due to the large number of taxes and the high tax rate, some business operators have experienced tax evasion and tax evasion.

Before the establishment of the Jewelry Precious Metals Exchange in Shanghai, most of the diamonds were smuggled. After the establishment of the exchange, the tax rate was unified at 4%, and most merchants felt that it was more reasonable, reducing the smuggling situation and making the market more standardized, healthy and sustainable. development of. The establishment of a state-level jade exchange in Guangdong, in addition to the increase in tax revenue, can also be established at the same time as the establishment of the transaction, equipped with testing, exhibition, design and other facilities, will be more conducive to the industry breakthrough bottlenecks, more healthy development.

Source: Xinjiang Hetian jade network.

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