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2025-11-01 08:55:21
[Ministry of Finance: Transaction Fees, Handling Fees, and Storage Fees Collected by Exchanges Should Be Subject to Value-Added Tax in Accordance with Current Regulations] The Ministry of Finance and the State Taxation Administration issued an announcement regarding tax policies related to gold. It states that if a member unit purchases standard gold from an exchange and its actual use changes after physical delivery, it should report the change of use to the exchange beforehand. Member units should submit an application for a change of use within six months from the month they receive the corresponding invoice from the exchange after physical delivery of the standard gold, and only one such application is allowed; if more than six months have passed, the exchange will not reissue an invoice. Transaction fees, handling fees, and storage fees collected by the exchange should be subject to value-added tax in accordance with current regulations. Member units purchasing standard gold and applying for physical delivery should truthfully declare the purpose of the purchased standard gold to the exchange and accurately record information such as the actual use and quantity consumed.
