事关黄金税收政策 财政部、税务总局发布公告

Core Points - The Ministry of Finance and the State Taxation Administration announced new tax policies regarding gold transactions, effective from November 1, 2025, to December 31, 2027 [9] 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] - For physical delivery of gold, VAT policies will apply based on the nature of the transaction, with specific provisions for investment and non-investment purposes [2][3] Definitions and Standards - Standard gold is defined by specific purity levels (AU99.99, AU99.95, AU99.9, AU99.5) and weights (50g, 100g, 1kg, 3kg, 12.5kg) [4] - Investment purposes include direct sales and production of gold products with a purity of 99.5% or higher, while non-investment purposes refer to all other uses [4] VAT Calculation and Invoicing - For investment purposes, VAT will be collected and refunded immediately, while for non-investment purposes, VAT will be exempt [5][6] - The calculation of VAT for transactions involves specific formulas based on actual transaction prices and quantities [5] Reporting and Compliance - Members must report any changes in the use of gold before the change occurs, with a six-month window to apply for changes [6][8] - Failure to report changes or comply with invoicing regulations may result in penalties, including the suspension of VAT invoicing privileges [8] Implementation and Transition - The new policies will replace previous regulations from 2002 and 2008, streamlining the tax framework for gold transactions [9]