The State Tax Service reminds that the period for the legalization of jewelry made of precious metals, which were imported or produced earlier and do not have primary documents, will end on March 1, 2024.
According to information from the agency, this initiative exempts taxpayers from responsibility and obligations as tax agents. There are only 16 days left to take advantage of this opportunity.
Legalized jewelry will be subject to a reduced assay fee for testing and hallmarking:
– for gold, platinum, and palladium items, both locally produced and imported, including used items, the cost will be 10 soms for each item;
– for silver jewelry, both domestic and foreign, including used goods, the rate will be 8 soms per item.
To undergo the legalization procedure, taxpayers must submit the relevant document through the electronic system ESF by the specified deadline.
The process includes the following steps:
Log in to the electronic invoice system at the website esf.salyk.kg.
Go to the "Acquisition" section, then to the DPBU subsection.
Click the "Add" button in the upper right corner.
In the opened window, check the box in the field "Entering information about precious jewelry made of precious metals," specifying the name of the item, weight, quantity, and fineness.
After that, the main details of the document will be generated automatically; the taxpayer only needs to fill in the commodity part.
When filling in the commodity part, goods should be indicated in accordance with the Commodity Nomenclature of Foreign Economic Activity of the EAEU (TN VED EAEU).
It is also recommended to specify the type of jewelry and its fineness in the product name, for example: gold ring 585 fineness, silver earrings 925 fineness, etc.
For each commodity position, it is necessary to indicate the unit of measurement (pieces or grams), quantity, price per unit, and total cost.
In addition, the product name must be added to the product directory in the "Profile" section — "Goods and Services" subsection, by clicking the "Add new product" button.
The STS clarified that the electronic document cannot be changed or canceled, so all data must be entered correctly and without errors, as they will be subject to mandatory accounting.
After entering the information into the electronic invoice system, taxpayers must contact the STS Department for Precious Metals to undergo the assay and hallmarking procedure for the legalized jewelry.
It should also be noted that by the decision of the Cabinet of Ministers, the voluntary patent for this area has been canceled, so taxpayers engaged in operations with jewelry and precious metals must use the simplified taxation system at a rate of 0.25% with mandatory use of cash register machines.
