- China’s Ministry of Finance announced new VAT policies for gold trading effective Nov. 1, 2025, to Dec. 31, 2027: VAT is exempt for standard gold trades via the Shanghai Gold Exchange or Shanghai Futures Exchange; buyers receive a general invoice at the actual price; and procedures are set for VAT special invoices when physical delivery occurs. Previous related provisions are repealed from Nov. 1, 2025.
Source: news.bloombergtax.com
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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