黄金大消息！两部门发相关公告

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced new tax policies regarding gold transactions, effective from November 1, 2025, until December 31, 2027 [1] Group 1: Tax Exemption Policies - 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 [3] - For transactions without physical delivery, the exchange will exempt VAT; for transactions with physical delivery, VAT policies will apply as specified [3] - Members purchasing standard gold for investment purposes will benefit from immediate VAT refunds and exemptions from urban maintenance construction tax and education fees [3] Group 2: Taxation on Non-Investment Use - Members purchasing standard gold for non-investment purposes will also be exempt from VAT, with ordinary invoices issued based on actual transaction prices [4] - Clients purchasing standard gold will receive VAT exemptions, and ordinary invoices will be issued based on actual transaction prices [4] - If the actual use of standard gold changes after physical delivery, members must report the change to the exchange before the change occurs [4]