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2025-11-01 08:44:44
[Announcement from the Ministry of Finance and the State Taxation Administration Regarding Tax Policies Related to Gold] The Ministry of Finance and the State Taxation Administration have issued an announcement regarding tax policies related to gold. For member units purchasing standard gold for investment purposes, the exchange implements an immediate refund of value-added tax (VAT) upon collection, while exempting them from urban maintenance and construction tax and education surcharges. A special VAT invoice will be issued to the purchasing member unit based on the actual transaction price. If the purchasing member unit directly sells standard gold or processes it into investment-grade gold products (excluding legal tender issued with the approval of the People's Bank of China) and then sells it, VAT should be paid according to current regulations, and an ordinary invoice should be issued to the buyer; a special VAT invoice is not permitted. For member units purchasing standard gold for non-investment purposes, the exchange exempts them from VAT and issues an ordinary invoice to the purchasing member unit based on the actual transaction price. If the purchasing member unit is a general VAT taxpayer, the input tax amount is calculated based on the amount stated on the ordinary invoice and a deduction rate of 6%. If the purchasing member unit processes standard gold into non-investment-grade gold products and then sells them, VAT should be paid according to current regulations, and a special VAT invoice may be issued to the buyer. (Ministry of Finance)
