Ministry of Finance: Taxpayers who do not sell standard gold through the exchange should pay value-added tax in accordance with current regulations.

The Ministry of Finance and the State Administration of Taxation have issued a notice regarding the tax policies related to gold. It mentions that when member units or customers trade standard gold through the Shanghai Gold Exchange or the Shanghai Futures Exchange, no value-added tax will be levied when the selling member unit or customer sells standard gold. The notice refers to standard gold as gold raw materials that meet the following standards for both brand and specifications: Brands: AU99.99, AU99.95, AU99.9, AU99.5; Specifications: 50 grams, 100 grams, 1 kilogram, 3 kilograms, 12.5 kilograms. Investment purposes include direct sales, as well as processing to produce gold bars, gold blocks, gold ingots, gold sheets with a gold content of 99.5% or higher, or legal tender gold coins approved by the People's Bank of China. Non-investment purposes refer to situations other than investment purposes.