In an interview with IBENA, Mohammad Keshtiaray said the new rate is 3%, which according to the proposal will be mentioned in the customer bills and will be paid by the customers not the jewelers.
Keshtiaray added that the proposal has yet to be reviewed and ratified by parliament and later receive final confirmation from the Guardian Council.
He noted that the jewelers believe that the 3% tax must be placed on the production rate of the gold pieces not the raw gold, because raw gold is considered as an asset. The jewelers have already proposed and raised that idea which is based on a valid and scientific argument, he said.
The union chief also described the issue of value added tax as commonplace across the world, saying the rate for specific products such as fuel is set and fixed, but for gold and jewelry it is now a matter of debate within parliament, which will finally decide on it.
