Expert analysis: Gold trading tax policy is being adjusted, with no direct impact on ordinary consumers

On November 3rd, the tax policy on gold transactions ushered in adjustments. On November 1st, the "Announcement on Gold-related Tax Policies" issued by the Ministry of Finance and the State Administration of Taxation officially came into effect. The announcement clarifies the tax policies related to gold transactions, which will be implemented from the implementation to December 31, 2027. The applicable time is subject to the time when the physical delivery occurs. The new regulations clearly distinguish the VAT collection and management boundary between "investment gold" and "non-investment gold". Industry experts believe that this marks a key step in the refinement and standardization of our country's gold transaction tax system. Recently, the international gold price has fluctuated widely. How will the gold tax policy affect investors, the industrial chain and the market ecology? How are the transaction costs of different transaction entities differentiated? Jing Chuan, a visiting professor at Xi'an Jiaotong University, said that this policy did not establish new taxes, but carried out a refined reform of the collection and management of value-added tax on gold transactions, strengthened use management and invoice compliance, < b > No direct impact on ordinary consumers, the main impact is the tax treatment of gold production, processing and trading enterprises.