Core Viewpoint - The announcement outlines new tax policies regarding gold transactions, specifically focusing on the exemption of value-added tax (VAT) for standard gold traded through designated exchanges, and the conditions under which these exemptions apply [2][3][4]. Tax Policies for Gold Transactions - Members or clients trading standard gold through the Shanghai Gold Exchange and Shanghai Futures Exchange are exempt from VAT when selling standard gold [2]. - For investment purposes, VAT will be refunded immediately upon purchase, and additional taxes such as urban maintenance and education fees will be exempted [2][3]. - If standard gold is purchased for non-investment purposes, VAT is also exempt, and a regular invoice will be issued [3][4]. 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 the production of gold products with a purity of 99.5% or higher [4][5]. Invoice and Tax Calculation - The calculation of VAT for transactions involving physical delivery of gold is specified, detailing how to determine unit price, total amount, and tax amount based on actual transaction prices [5][6]. - Members must report any changes in the use of gold purchased for investment purposes to the exchange within six months [6][7]. Compliance and Record-Keeping - Members are required to maintain accurate records of gold purchases, including sales contracts and transaction details, for tax verification purposes [17][18]. - The announcement emphasizes the importance of proper invoicing and compliance with tax regulations to avoid penalties [7][9]. Implementation Timeline - The new tax policies will take effect from November 1, 2025, and will remain in force until December 31, 2027 [8][12].
财政部 税务总局关于黄金有关税收政策的公告国家税务总局关于黄金有关税收征管事项的公告国家税务总局公告2025年第23号及解读
蓝色柳林财税室·2025-11-21 09:18