On November 1st, the Ministry of Finance and the State Administration of Taxation issued an announcement on November 1st to clarify the tax policies related to gold.
According to the announcement, before the end of 2027, member units or customers will be exempt from value-added tax when trading standard gold through the Shanghai Gold Exchange and the Shanghai Futures Exchange, and when the seller member units or customers sell standard gold. If there is no physical delivery out of the warehouse, the exchange will be exempted from value-added tax; if physical delivery out of the warehouse occurs, the investment use and non-investment use of standard gold will be distinguished, and the VAT refund policy will be applied according to regulations, as well as the VAT exemption policy and the buyer will calculate the input tax according to the 6% deduction rate.
The Ministry of Finance and the State Administration of Taxation have issued an announcement on the taxation policies related to gold
2025-11-03 08:25:01
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