事关黄金税收，财政部、税务总局最新公告

Core Viewpoint - The announcement outlines new tax policies regarding the trading of standard gold through the Shanghai Gold Exchange and Shanghai Futures Exchange, effective from November 1, 2025, to December 31, 2027, which includes exemptions and specific tax treatments for different types of transactions [13]. Tax Policy for Standard Gold Transactions - Members or clients trading standard gold through the exchanges will be exempt from value-added tax (VAT) when selling standard gold, with specific conditions for physical delivery and investment purposes [1][2]. - For members purchasing standard gold for investment purposes, VAT will be collected and refunded immediately, along with exemptions from urban maintenance and education fees [1]. - Non-investment purchases by members will also be exempt from VAT, with ordinary invoices issued [2]. Definitions and Conditions - "Standard gold" is defined as gold that meets 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 [6]. - Investment purposes include direct sales and the production of gold products with a purity of 99.5% or higher, while non-investment purposes refer to all other uses [6]. Reporting and Compliance - Members must report any changes in the use of standard gold after physical delivery, with specific procedures for changing from investment to non-investment purposes and vice versa [9][10]. - Failure to report changes or comply with invoicing regulations may result in penalties, including the suspension of VAT refund privileges [12]. Implementation Timeline - The new tax policies will be effective from November 1, 2025, and will replace previous regulations established in 2002 and 2008 [13].