- China issued new VAT policies for gold trading under Announcement No. 11/2025, effective November 1, 2025, to December 31, 2027.
- VAT exemption applies to standard gold trades on the Shanghai Gold Exchange and Shanghai Futures Exchange.
- Buyers receive a general invoice with VAT exemption based on the actual transaction price.
- Specific calculation methods for VAT special invoices are provided for investment purchases with physical delivery.
- Previous VAT provisions (Notices No. 142/2002 and No. 5/2008) are repealed from November 1, 2025.
Source: globalvatcompliance.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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