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, including exemptions and specific tax treatments for different types of transactions and purposes [2][8]. Tax Exemption for Standard Gold Transactions - Members or clients trading standard gold through the exchanges are exempt from value-added tax (VAT) when selling standard gold, with specific conditions for physical delivery and investment purposes [2][3]. - For investment purposes, VAT is collected and refunded immediately, while city maintenance and education fees are also exempted [2][3]. Tax Treatment for Non-Investment Purposes - When standard gold is purchased for non-investment purposes, VAT is exempted, and a regular invoice is issued [3]. - Clients purchasing standard gold are also exempt from VAT, with specific invoicing requirements based on their VAT status [3]. Definition of Standard Gold - 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]. Reporting and Changing Use of Gold - Members must report any change in the use of standard gold before the change occurs, with specific procedures for changing from investment to non-investment purposes and vice versa [5][6]. - The announcement specifies the process for issuing invoices and handling VAT adjustments based on the change in use [5][6]. Implementation Timeline - The new tax policies will take effect from November 1, 2025, and will remain in force until December 31, 2027, with previous regulations being repealed [8].