日前，我国黄金市场迎来了影响深远的税收政策调整。《财政部 国家税务总局关于黄金有关税收政策 的公告》（财政部 国家税务总局公告2025年第11号）和《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）发布，明确了黄金有关税收征管事项。两份公告自2025年11 月1日起正式实施，并将执行至2027年12月31日。新政实施后，《财政部 国家税务总局关于黄金税收政 策问题的通知》（财税〔2002〕142号）中部分条款及《财政部 国家税务总局关于黄金期货交易有关税 收政策的通知》（财税〔2008〕5号）同步废止，标志着我国黄金交易税收管理体系进入更为精细化和 严格的新阶段。 此次税收政策调整并非孤立事件，其出台有着明确的宏观背景和深层次目的。新政旨在应对当前"购金 热"持续的环境下，原有的征管方式对税务监管带来的巨大压力。此前，部分不法分子利用黄金交易增 值税即征即退等机制的漏洞，逃避增值税缴纳，进行"税收套利"。因此，新政的核心目标是通过对黄金 交易的精细化管理和穿透式监管，明确区分黄金的商品和金融属性，有效堵塞层出不穷的"税收套利"等 漏洞。 投资流向与渠道重塑 新政通过明确且差 ...

新华财经北京11月2日电（记者王小璐、董道勇）11月1日，财政部与国家税务总局联合发布关于黄金有 关税收政策的公告，宣布自即日起实施新的黄金税收政策。多位市场分析人士指出，新规标志着我国黄 金市场税收治理进入精细化、分类管理的新阶段，核心在于通过"用途定性、分类管理"的全新框架，堵 住税收套利空间，引导黄金资源更有效地服务实体经济。 明晰用途以构建监管闭环 新规执行后，标准投资金条仅限于上海黄金交易所规定的AU99.99、AU99.95、AU99.9和AU99.5四类牌 号，以及50克、100克、1公斤、3公斤和12.5公斤五种规格。"可以预见，50克和100克的小规格投资金 条短期内可能会非常紧俏，甚至出现缺货。"戴剑锋表示。 顾冯达认为，此举对贸易商而言，未来专注于实体产业链将获得更优环境，而依赖投资性黄金"票链"套 利的模式将难以为继，其必须向提升真实服务能力转型。 此次政策调整被视为我国黄金市场发展至新阶段的必然要求。公告明确，通过上海黄金交易所、上海期 货交易所成交的"标准黄金"，场内交易本身免征增值税。一旦发生实物交割出库，将按用途进入不同税 收路径： ——对于投资性用途，交易所对卖方实行增值税即 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The new gold tax policy aims to address tax regulatory pressures in the current "gold - buying boom" by implementing refined tax management and distinguishing between "investment" and "non - investment" uses of gold, plugging "tax arbitrage" loopholes [4]. - The policy may lead to increased costs for non - exchange physical gold transactions, potentially causing investment demand to shift to virtual trading markets and affecting the scale of the spot market [4]. - Due to the lack of implementation details, market participants are in a wait - and - see state, and short - term trading volume may be affected [4]. - In the long run, global macro - economic, fiscal and monetary policies, and geopolitical events are the core factors affecting gold prices, but the new policy may dampen market enthusiasm in the short term [5]. - The new policy can enhance the international competitiveness of China's gold market and contribute to the internationalization of the RMB [5]. 3. Summary by Related Content Policy Core - For gold transactions on the Shanghai Gold Exchange and Shanghai Futures Exchange, when the seller sells standard gold, VAT is exempted. For physical delivery, different VAT policies apply based on the use of the gold [1]. - For investment - use standard gold purchased by member units, the exchange implements VAT immediate refund, exempts urban maintenance and construction tax and education surcharges, and issues VAT special invoices. The buying member unit pays VAT when reselling and can only issue ordinary invoices [1]. - For non - investment - use standard gold purchased by member units, the exchange exempts VAT and issues ordinary invoices. General VAT - paying member units can calculate input tax at a 6% deduction rate and can issue VAT special invoices when reselling [2]. - For standard gold purchased by customers, the exchange exempts VAT and issues ordinary invoices. General VAT - paying customers can calculate input tax at a 6% deduction rate and can issue VAT special invoices when reselling [2]. Specific Policy Changes - Investment gold is not tax - exempt when sold to individual investors, and downstream cannot obtain special invoices for deduction. Non - investment gold can have 6% of its VAT deducted in the processing link and is sold at a VAT - included price in the retail link [3]. - Member units or customers need to clearly indicate the type of gold use on invoices. If the use of gold changes, member units should report to the exchange within 6 months and can only apply for a change once [3]. Impact on the Market - The policy helps plug tax loopholes, forcing enterprises to choose between "investment gold" and "consumer goods" tracks and refine their financial and tax management [4]. - Non - exchange physical gold transactions may face cost increases, leading to a potential shift of investment demand to virtual trading markets. Non - investment gold products still face at least 7% VAT cost [4]. - Due to the lack of implementation details, short - term trading volume may be affected as market participants are in a wait - and - see state [4]. - The new policy may dampen short - term market enthusiasm during a gold bull market, but in the long run, macro - factors are the core determinants of gold prices [5]. - The policy can enhance the international competitiveness of China's gold market and contribute to RMB internationalization [5].

因此，要厘清这一争辩和判断是否存在税收套利，关键在于判定在餐厅提供的"预制菜"销售属 于"餐饮服务"，还是"销售商品"。 中瑞税务师事务所集团总裁魏斌判断，西贝若是没有专门、单独销售预制菜或半预制菜，其销售的 产品若是经过餐厅自制或者加工后的，应该适用于6%的税率。 尽管这场"预制菜论战"暂告一段落，但其税率适用问题仍有讨 论的空间。 作者：杜涛 封图：图虫创意 9月15日中午，罗永浩在微博上提出了对西贝使用预制菜进行税务套利的质疑。他称："西贝拿预 制菜假装不是预制菜带来的税率差异呢？要不要给公众摊开讲讲?"下午，罗永浩在微博中删除了该 言论。 尽管这场"预制菜论战"暂告一段落，但其税率适用问题仍有讨论的空间。 税收套利一般是指将本该适用于更高税率的产品或服务混入更低税率的产品及服务中申报税。本事 件涉及的税率争辩核心在于："餐饮服务"和"销售商品"适用6%和13%两种不同税率，而预制菜销 售适用13%的税率。 餐饮行业制定6%的税率，还与其行业成本结构有关。魏斌说，餐饮业属于典型的生活服务行业， 人力成本占比较高，如厨师、服务员的薪酬等，这部分成本无法进行进项税额抵扣。同时，餐饮业 采购的农产品等原材料虽 ...

Group 1 - The core issue revolves around the tax rate applicable to pre-prepared dishes sold by restaurants, specifically the distinction between "catering services" and "sales of goods," which are subject to different VAT rates of 6% and 13% respectively [2] - The debate on tax rate applicability is significant as it could indicate potential tax arbitrage if pre-prepared dishes are misclassified [2] - According to Wei Bin, if a restaurant does not sell pre-prepared dishes separately and processes them on-site, they should be taxed at the lower 6% rate [2][3] Group 2 - The 2016 notice from the Ministry of Finance and the State Administration of Taxation clarified that takeout food from restaurants is subject to the same VAT policy as dine-in services, provided the restaurant is involved in the production or processing of the food [3] - The 2019 announcement further confirmed that food made on-site and sold directly to consumers is taxed as "catering services" [3] - The establishment of a 6% tax rate for the catering industry aligns with its cost structure, where labor costs are significant and cannot be deducted from input tax [4]