- China is ending its two-decade platinum import tax exemption, imposing a 13% VAT on all platinum imports starting November 1, 2025.
- The reform eliminates the exclusive tax-free import privilege of the state-controlled China Platinum Company, creating a level playing field for all market participants.
- The change is causing significant market volatility and a trading frenzy, with Shanghai platinum premiums spiking to record highs.
- Experts expect increased market participation, improved liquidity, and more efficient price discovery, though the full impact will take time to materialize.
- The reform marks a major shift in China’s approach to precious metals trade, surprising many with its speed and scope.
Source: discoveryalert.com.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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