关于黄金有关税收政策，财政部、税务总局最新公告

Core Points - The announcement from the Ministry of Finance and the State Taxation Administration outlines new tax policies regarding gold transactions, effective from November 1, 2025, to December 31, 2027 [1][9][10] Tax Policy for Gold Transactions - Members or clients trading standard gold through the Shanghai Gold Exchange and Shanghai Futures Exchange will be exempt from value-added tax (VAT) when selling standard gold [1][2] - For physical delivery of gold, VAT policies will apply as follows: - If members purchase standard gold for investment purposes, VAT will be refunded immediately, and they will be exempt from urban maintenance and construction tax and education fees [1][2] - If members purchase standard gold for non-investment purposes, VAT will also be exempt, and they will issue ordinary invoices [2][3] Definitions and Conditions - Standard gold is defined by specific purity and weight standards, including AU99.99, AU99.95, AU99.9, AU99.5, and weights of 50 grams, 100 grams, 1 kilogram, 3 kilograms, and 12.5 kilograms [4] - Investment purposes include direct sales and processing into gold products with a purity of 99.5% or higher [4] Invoicing and Tax Calculation - The calculation of VAT for members purchasing standard gold for investment purposes involves specific formulas for determining unit price, amount, and tax based on actual transaction prices [5][6] - Members must report any changes in the use of standard gold before the change occurs, with specific procedures for changing from investment to non-investment purposes and vice versa [6][7] Compliance and Penalties - Members failing to report changes in gold usage or engaging in tax fraud will face penalties, including the suspension of VAT special invoices and the application of VAT exemption policies [8][9] - The management of VAT collection for gold transactions will be established separately by the State Taxation Administration [9] Implementation Timeline - The new tax policies will be effective from November 1, 2025, and will replace previous regulations from 2002 and 2008 [9][10]