黄金大消息，两部门重磅发布

Core Points - The announcement from the Ministry of Finance and the State Taxation Administration outlines new tax policies regarding gold transactions, specifically exempting value-added tax (VAT) for certain transactions involving standard gold [4][8][22] - The policy has generated significant attention among investors, as indicated by its trending status on social media platforms [2] Tax Policy Details - The announcement specifies that when members or clients trade standard gold through the Shanghai Gold Exchange or the Shanghai Futures Exchange, the seller is exempt from VAT [4][8] - For transactions involving physical delivery of standard gold, different VAT policies apply based on the intended use of the gold: - For investment purposes, VAT is refunded immediately, and additional taxes such as urban maintenance and education fees are exempted [4][8] - For non-investment purposes, VAT is also exempted, but the buyer must issue a regular invoice [5][9] - The definition of "standard gold" includes specific purity levels (AU99.99, AU99.95, AU99.9, AU99.5) and weights (50g, 100g, 1kg, 3kg, 12.5kg) [14][15] Implementation Timeline - The new tax policies will take effect on November 1, 2025, and will remain in force until December 31, 2027 [7][22] Compliance and Reporting - Members must report any changes in the intended use of standard gold within six months of physical delivery, and they are allowed to change the use only once [17][20] - The announcement emphasizes the importance of accurate record-keeping and compliance with tax regulations to avoid penalties [21][45]