5 thoughts on “How does China now tax on gold transactions?”
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VAT rate of 17% Mou members and customers of Shanghai Futures Exchange sells standards for sales standards through the Shanghai Futures Exchange ("Special Invoice for Gold Settlement" issued by the Shanghai Futures Exchange). If the value -added tax is levied; if the physical delivery has occurred and the warehouse has been exported, the tax authorities will issue a special VAT invoice on behalf of the actual delivery price, and the value -added tax is the policy of levying a refund.
The notice of the State Administration of Taxation on the Administrative Measures on Printing and Distributing the Administrative Measures for the Gold Transaction Value-added Tax Collection
National Taxation Electric [2002] No. 47 Font: [Big] [Middle] [Small] The national tax bureau of all provinces, autonomous regions, municipalities, and planned municipalities: In order to implement the requirements of the State Council's decision on the reform of the golden system, strengthen the value -added tax collection of gold transactions Management, in accordance with the provisions of the Ministry of Finance and the State Administration of Taxation on the Gold Tax Policy Issues, issued the "Administrative Measures for the Gold Exchange Gold Transaction VAT Tax Collection" to you, please follow the implementation. In the process of levying value -added taxes for gold, if problems are found, they should report to the State Administration of Tax in time. Annexation: "Administrative Measures for Gold Exchange Gold Transactions Value -added Tax Collection"
Annexation: "Administrative Measures for Gold Exchange Gold Transaction Value Valuation Tax Collection" The variety of gold transactions 1. Standard gold products four types of color: AU9999, AU9995, AU9999, AU995. Five specifications: 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg. 2. Non -standard gold products The gold products except the above four types of color and five specifications. . Regarding the taxation regulations on gold transactions 1. In order to facilitate the collection and management of value -added tax, members who are registered in accordance with the registered registered in the charter of the Gold Exchange and customers who are registered in accordance with the charter of the Gold Exchange. Standard gold product transaction carried out through the Golden Exchange [and hold the "Golden Trading Settlement Invoice" (settlement) issued by the Golden Exchange. The Gold Exchange issues ordinary invoices and exempts VAT; if physical delivery occurs, the Gold Exchange's in charge of the tax authorities on behalf of the Gold Exchange will issue a member unit or customer of the general unit or customer of the general taxpayer qualification of VAT taxpayer in accordance with the actual transaction price. VAT invoices (invoices for special VAT invoices, accounting associations, and depository associations are reserved by the Gold Exchange, and the deductive coupon is passed to the membership unit of the carrier). If the member unit or customer of the goods pickup is a non -VAT general taxpayer, a special VAT invoice shall not issue a special VAT invoice. "Standard Gold Delivery" refers to the act of extracting gold from the gold exchanges from the Golden Exchange's vault specified on the Golden Exchange on the Golden Exchange. 2. A standard gold physical delivery occurred on the transaction session of the Gold Exchange. A special VAT invoice should be issued according to the actual transaction price. , Warehousing fee and other expenses. In order to accurately calculate the actual transaction price mentioned in the gold, the Gold Exchange should be determined in accordance with the principle of the subsequent advancement method. . In order to facilitate the collection and management of VAT, at the beginning of the opening of the Gold Exchange, non -gold production member units or customers (excluding banking systems) should be based on the actual amount of gold in the unit from the Gold Exchange. Specify the Gold to extract gold. For the gold that does not follow the actual amount of gold in the unit, the gold exchanges from the Gold Exchange will not be exported from the Gold Exchange, and you must no longer be traded into the gold inventory specified by the Gold Exchange, including the non -gold production member unit or customer before the opening of the Gold Exchange (before the opening of the Gold Exchange (before opening Excluding the banking system) inventory gold in the unit. . The Gold Exchange can enjoy a preferential policy that is immediately levied on VAT, and at the same time, it is exempted from levy urban construction to maintain taxes and educational costs. 5. For taxpayers who do not sell the standards of gold in the gold exchange, they do not enjoy the VAT tax, which will be levied and levied the policy of exemption and exemption of urban construction to maintain taxes and educational costs. . Member unit and customer value -added tax input tax 1. Except the member unit (except the People's Bank of China and the gold production enterprise) or the customer's input tax on the gold exchange The value -added tax (including the corresponding purchase volume) of the VAT invoices issued by the Golden Exchange for the Golden Exchange is separated. When a member or customer purchases gold from the Gold Exchange (referring to the occurrence of physical delivery) and then sells through the gold exchange, the transfer amount of the gold input tax sold through the gold exchange should be calculated. At the same time, the cost is included; the amount of input tax calculated by the current period of the enterprise is less than the amount of input tax calculated by the following formulas. The amount of input tax that should be transferred = the amount of input tax of the unit × the current amount of gold selling. M unit input tax = cumulative input tax for purchasing gold ÷ cumulative gold purchase amount. . For member units (except the People's Bank of China and Gold Production Enterprises) or customers sell the original inventory gold through the gold exchange, the corresponding input tax should be calculated according to the actual transaction price, and the current input shall be calculated from the current current input. Turn out of the tax and count the cost. The input tax that should be transferred = sales inventory gold actual transaction price ÷ (1 17%) × 17% . The identification of general taxpayers for value -added tax 1. It is convenient for VAT In the collection management, the Gold Exchange should apply for the identification procedures for the general taxpayer of the general value -added tax to the competent tax authority in the local area, and apply for the printing of the "Golden Transaction Settlement Invoice". . If member units and customers meet the qualifications of general taxpayers for VAT, they can apply for the identification procedures of general taxpayers in charge of the competent tax authorities in their place. If members and customers have branches where the gold exchanges are located, and a gold transaction shall be conducted by a branch institution, a branch of a branch of general taxpayers who comply with value -added tax may apply to the Gold Exchange's competent tax authority for the Gold Exchange to apply for generally applying for generally Taxpayer's identification procedures. 5. Regarding the tax authorities on behalf of VAT Calculating formula for unit prices, amounts and taxes in the Golden Exchange in charge of tax authorities on behalf of VAT: Single price ÷ (1 value -added tax rate) The amount = amount × unit price The amount of tax = amount × tax rate The unit price decimal point retain four digits. 6. For members and customers, the "Golden Trading Settlement Invoice" issued by the Golden Exchange should be used as a financial accounting for accounting accounting vouchers; Invoices (invoices for special VAT invoices, accounting associations, and depositors are reserved by the Gold Exchange, and deductible coupons are passed on to membership units of the carrier). They are only used as vouchers for the amount of tax input tax. They must not be used as a certificate of financial accounting. Seven. If a member unit or customer does not have physical delivery, the "Golden Trading Settlement Invoice" (settlement couplet) shall go through the tax exemption procedures for the tax exemption of the local tax authorities where the customer and the customer are located. 8. In order to facilitate the collection and management of VAT, the Gold Exchange should strengthen the basic management of member units and customers. The gold transactions of the self -operated gold transactions and agent customers of member units should be calculated separately.
Ter notice of the State Administration of Taxation of the Ministry of Finance on the relevant tax policy of gold futures transactions
In wealth tax [2008] No. 5 Full Effective Writing Date: 2008-02-02 n Font ] [Middle] [Small] The Shanghai Finance Bureau and National Taxation Bureau: The approval of the State Council, starting from January 1, 2008, when physical delivery of gold futures transactions in Shanghai Futures Transaction The implementation of the tax policy of the Shanghai Gold Exchange Gold Transaction. The relevant policies are clearly clear: 1. Members and customers of Shanghai Futures Exchange sells standards for sales standards through the Shanghai Futures Exchange ("Special Invoice" issued by Shanghai Futures Exchange). If the library is exempted from value -added tax; if the physical delivery has occurred and the warehouse has been exported, the tax authorities will issue a special VAT invoice on behalf of the actual delivery price, and the value -added tax is imposed. Education additional. The unit price, amount, and tax amount in the special VAT invoice are as follows: Ming unit price = actual delivery unit price ÷ (1 VAT rate) × tax rate The actual delivery unit price refers to the unit price without the handling fee collected by the Shanghai Futures Exchange. Among them, standard gold refers to: the color is AU9999, AU9995, AU999, AU995; the specifications are 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg of gold. . The administrative measures for VAT collection of gold futures transactions on the Shanghai Futures Exchange and the management measures for special VAT invoices are formulated separately by the State Administration of Taxation.
The State Administration of Taxation of the Ministry of Finance February 2, 2008
The State Taxation Administration of Taxation and issuing the "VAT of the Shanghai Futures Exchange Gold Futures Transaction VAT The notification of the management method
country taxa [2008] No. 46 Full text Effective writing Date: 2008-05-04
Fonts: [Big] [Middle] The National Taxation Bureau of the Municipal Municipality: In order to promote the development of the gold futures trading market and strengthen the management of the value -added tax collection of gold futures transactions, in accordance with the "Notice of the State Administration of Taxation of the Ministry of Finance on the Gold Futures Transaction Relevant Taxation Policy" (Fiscal Tax [2008 [2008 ] No. 5) Statement that the State Administration of Taxation has formulated the "Administrative Measures for the Getting VAT Tax Collection of Gold Futures Transactions on the Shanghai Futures Exchange", which is now issued to you, please follow the implementation. Dagging in the process of value -added tax collection and management of gold futures transactions, it should be reported to the State Administration of Taxation (Circulation Tax Management) in a timely manner.
1 In accordance with the "Administrative Law of the People's Republic of China" and the implementation rules of the implementation, the "Interim Regulations on the Value -added Tax of the People's Republic of China" and the "Notice of the State Administration of Taxation of the Ministry of Finance on the Gold Futures Transaction Related Tax Policy" [2008] No. 5) Standards and other regulations, formulate these measures. The "Gold" stipulated in these Measures is the indicator of gold, that is, the gold ingots, gold bars and gold blocks such as the following standards and specifications meet the following standards: AU999, AU995. Specifications: 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg. The non -standard gold, that is, the gold raw materials that meet the above standards when the color and specifications are different, and these measures are not applicable. 3 The collection and management of the VAT of the Shanghai Futures Exchange Gold Futures Transaction VAT shall be implemented in accordance with the following provisions: (1) Shanghai Futures Exchange shall apply to the competent tax authority for printing the "Special Invoice of Golden Settlement" ( One -type triad, divided into settlement, invoice couplets, and Stocking). (2) Members and customers of Shanghai Futures Exchange for gold futures transactions through the Shanghai Futures Exchange and physical delivery in accordance with the following regulations: 1. Seller or customer members or customers at the settlement settlement price direction price direction price direction. The Shanghai Futures Exchange issues ordinary invoices and exempts VAT for it. The Shanghai Futures Exchange provides the seller's "Golden Settlement Special Invoice" settlement of the "Golden Settlement Invoice" based on the settlement price of the delivery. . If a buyer member or customer fails to withdraw the gold out of the warehouse, the Shanghai Futures Exchange will issue the "Special Invoice of Golden Settlement" and provide invoices on the settlement settlement price. . If a buyer member or customer withdraws the gold out of the warehouse, it shall issue a futures transaction settlement form to the tax authority in charge of the Shanghai Futures Exchange, the standard warehouse will be out of confirmation, and the tax authority shall be based on the actual situation. In the number of delivery prices and the number of pick -up, the Shanghai Futures Exchange issues a special VAT invoice (deduction) for buyer members or customers (withdrawal parties) with a buyer or customer (pick -up party) with general taxpayers. Store from the Shanghai Futures Exchange, and the deduction of couplet is passed to the consignor members or customers. The buyer members or customers (pick -ups) who do not belong to the general VAT taxpayer shall not issue a special VAT invoice. (3) Shanghai Futures Exchange implements a separate accounting of the value -added tax tax on gold futures delivery and picking up the goods. It is a refund policy for the value -added tax, which is an exemption of urban maintenance and educational costs. It 4 members and customers account for the value -added tax input tax in accordance with the following regulations: (1) Member or customer of Shanghai Futures Exchange (except the People's Bank of China) The amount of input tax obtained when the gold physical delivery is extracted from the warehouse is accounted for separately, and the value -added tax amount (including the corresponding purchase volume) of the VAT invoices issued on behalf of the VAT invoices issued on behalf of the tax authorities obtained is separated. The purchase of gold for members or customers from Shanghai Futures Exchange or Golden Exchange (referring to the delivery of the goods) and then sold through the Shanghai Futures Exchange. The transfer amount is transferred from the current input tax amount, and the cost is included at the same time; the amount of input tax calculated by the current book is less than the amount of input tax calculated by the following formulas. The amount of input tax that should be transferred = the amount of input tax of the unit × the current amount of gold selling. M unit input tax = cumulative input tax for purchasing gold ÷ cumulative gold purchase amount (2) For members or customers of Shanghai Futures Exchange (except the People's Bank of China) If there is inventory gold, the transfer amount of the corresponding input tax should be calculated based on the actual transaction price, and the amount of the current input tax is transferred, and the cost is included. The input tax that should be transferred = the actual transaction price of sales inventory ÷ (1 VAT rate) × VAT rate. (3) After the buyer's member or customer (the goods withdrawn) obtain the deduction of special VAT invoices, the tax amount should be transferred from the tax on the "taxable tax -input tax in the gold material extent on the invoice. "Subject, account for input tax. The unit price, amount and amount of the special VAT invoice for VAT is determined by the following provisions: Is when the buyer or customer of the Shanghai Futures Exchange (pick -up party) is issued, the competent tax authority will issue VAT on behalf of the tax authority The unit price indicated on the dedicated invoice shall be determined by the actual amount of payment and the number of goods withdrawal, but it does not include other fees such as handling fees and warehousing fees. Among them, the actual hammering payment is composed of the payment of the payment and the short settlement of the payment, and the principle of the payment of the payment is determined by the subsequent approach. The specific calculation formula is as follows: The amount of tax = amount × VAT rate amount = quantity × unit price unit price = actual delivery price ÷ (1 value -added tax rate) actual hammer price = Actual delivery of payment ÷ the number of pick -ups The actual delivery of payment = delivery payment short settlement payment Settlement payment = Short × Short Settlement Cleaner's recent monthly gold futures contract settlement price of the recent month of the Shanghai Futures Exchange Among them, at least 6 digits after the unit price decimal point. Is 6 members and customers shall use the "Gold Settlement Special Invoice" (Invoice Union) issued by the Shanghai Futures Exchange as the accounting accounting voucher; The special VAT invoice (deduction) is used as a voucher for the amount of tax input. The Article 7 Seller or customers shall go through tax exemption procedures to seller members or customers in charge of tax exemptions with the "Special Invoice Federation of Gold Settlement" (settlement couples) issued by the Shanghai Futures Exchange. It members of the Shanghai Futures Exchange shall calculate the sales of self -employed gold futures transactions, agent customers' gold futures transactions and gold physical delivery business, and value -added tax sales tax, input tax, and taxable tax. The "extraction gold exit" stipulated in these Measures refers to the behavior of extracting the gold that has been delivered to the futures exchange from the designated vault members or customers from the designated vault. The interpretation of the State Administration of Taxation. The Article 11 These Measures will be implemented from January 1, 2008.
"Administrative Measures for the Gold Exchange Gold Transaction Value -added Tax Collection"
. variety of gold transactions 1. Standard gold products: four types: AU9999, AU9995, AU999, AU995; Five Specifications: 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg; 2. Non -standard gold products except the above four types of color and five specifications;
2. Relevant taxation regulations on gold transactions:
1. In order to facilitate the collection and management of value -added tax, members registered in accordance with the registered registered in the charter of the gold exchange , Standard Gold Product Transactions conducted through the Gold Exchange [and hold the "Golden Trading Settlement Invoice" (settlement) issued by the Golden Exchange. A normal invoices are issued to the Gold Exchange and exempt from VAT; if the physical delivery occurs, the Gold Exchange competent tax authorities on behalf of the Gold Exchange will be a member unit or customer of the goods withdrawal of general taxpayers who are qualified to value general taxpayers in accordance with the actual transaction price. A special VAT invoices are issued (the invoice association of VAT invoices, the accounting association, and the depository connection are reserved by the Gold Exchange, and the deduction is passed to the membership unit of the carrier). The member unit or customer of the goods pick -up is a general taxpayer of non -VAT. Do not issue special VAT invoices. "Standard gold physical delivery" refers to the behavior of the gold exchanged on the Golden Exchange from the Golden Exchange's vault specified on the Golden Exchange.
2. A standard gold physical delivery occurs on the transaction session of the Gold Exchange. A special VAT invoice should be issued according to the actual transaction price. The price of the transaction does not include trading fees and warehousing fees. In order to accurately calculate the actual transaction price mentioned in the gold, the Gold Exchange should be determined in accordance with the principle of the subsequent advancement method. 3. In order to facilitate the collection and management of VAT, at the beginning of the opening of the Gold Exchange, the non -gold production member unit or customer (excluding banking system) should be The gold extracted by the designated vault, the gold that is not available from the Gold Exchange from the Gold Exchange's actual amount of gold is not allowed to be traded in the gold exchanges from the Gold Exchange, including the gold exchanges, including the gold exchanges before the opening of the Gold Exchange. Production membership units or customers (excluding banking systems) in stock gold in the unit.
4. Golden Exchange can enjoy preferential policies that return the value -added tax, that is, it will be exempted from urban construction and maintenance taxes and educational costs.
5. If the taxpayer does not sell the standard of gold through the gold exchange, it will be levied and exempt the city's construction tax and educational costs without enjoying the value -added tax.
. The accounting of the value -added tax in member units and customers . A separate accounting of the member unit (except the People's Bank of China and the Gold Production Enterprise) or the customer's input tax on the Gold Exchange's gold transactions, and the value -added tax (value -added tax on the VAT invoices issued by the Golden Exchange ( Including the corresponding purchase volume) separate accounting. When a member or customer purchases gold from the Gold Exchange (referring to the occurrence of physical delivery) and then sells through the gold exchange, the transfer amount of the gold input tax sold through the gold exchange should be calculated. At the same time, the cost is included; the amount of input tax calculated by the current period of the enterprise is less than the amount of input tax calculated by the following formulas. The amount of input tax that should be transferred = the amount of input tax of the unit × the current amount of gold selling. The amount of input tax of the unit = the cumulative input tax for purchased gold ÷ the cumulative gold purchase amount
． Member units (except the People's Bank of China and gold production enterprises) or customers sell the original inventory gold through the gold exchange, and the corresponding input tax should be calculated according to the actual transaction price, and the amount of input tax is transferred out. cost. The amount of input tax that should be transferred = the actual transaction price of the sales inventory gold ÷ (1 17%) × 17%.
. The identification of general taxpayers of VAT
. In order to facilitate the collection and management of VAT, the Golden Exchange should apply for the identification procedures for the general taxpayer of the VAT to the competent tax authority in the location, and apply for the printed "Golden Transaction Settlement Invoice".
. If a member unit and customers are qualified for the identification of the general value -added taxpayer, they can apply for the identification procedures for the general taxpayer of the value -added tax for the general tax authorities in charge. If a member and customers have branches where the gold exchanges are located, and a branch of a branch of the branch, a branch of the branch of the general value -added taxpayer can apply for the identification of general taxpayers to apply for a general tax authority in charge of the Gold Exchange. formalities.
5. Regarding the tax authority issued a special VAT invoice The unit price, amount, and tax calculation formula for the Golden Exchange in charge of taxation agencies on behalf of VAT invoices: Single price = actual transaction unit price ÷ (1 value -added tax rate); amount = amount × unit price; tax = amount × tax rate; mine decimal points to retain four digits.
. 6. For members and customers, the "Golden Trading Settlement Invoice" issued by the Gold Exchange should be used as a financial accounting voucher for accounting accounting; Value -added tax invoices (invoices for special VAT invoices, accounting associations, depositors are reserved by the Gold Exchange, and deducting the deductive coupon passed to the member unit of the carrier). certificate.
. If a member unit or customer does not have physical delivery, it shall go through the tax exemption procedures of the member units and the local tax authorities where the "Golden Trading Settlement Invoice" (settlement couplet) issued by the Gold Exchange.
8. In order to facilitate the collection and management of VAT, the Gold Exchange should strengthen the basic management of member units and customers. Essence
The seller is collected, the tax rate is unchanged. The approved by the State Council, the Ministry of Finance and the State Administration of Taxation decided to adjust the seal of the securities (stock) transaction stamp taxation method from September 19, 2008, The transfer of A shares and B shares of the book is based on the tax rate of one thousandths of the thousandths of the tax rates. The transfer party of the shares and B shares shares transfers shall be levied on the stamp duty of one -thousandths of the tax rate of one thousandths.
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VAT rate of 17%
Mou members and customers of Shanghai Futures Exchange sells standards for sales standards through the Shanghai Futures Exchange ("Special Invoice for Gold Settlement" issued by the Shanghai Futures Exchange). If the value -added tax is levied; if the physical delivery has occurred and the warehouse has been exported, the tax authorities will issue a special VAT invoice on behalf of the actual delivery price, and the value -added tax is the policy of levying a refund.
The notice of the State Administration of Taxation on the Administrative Measures on Printing and Distributing the Administrative Measures for the Gold Transaction Value-added Tax Collection
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National Taxation Electric [2002] No. 47
Font: [Big] [Middle] [Small]
The national tax bureau of all provinces, autonomous regions, municipalities, and planned municipalities:
In order to implement the requirements of the State Council's decision on the reform of the golden system, strengthen the value -added tax collection of gold transactions Management, in accordance with the provisions of the Ministry of Finance and the State Administration of Taxation on the Gold Tax Policy Issues, issued the "Administrative Measures for the Gold Exchange Gold Transaction VAT Tax Collection" to you, please follow the implementation. In the process of levying value -added taxes for gold, if problems are found, they should report to the State Administration of Tax in time.
Annexation: "Administrative Measures for Gold Exchange Gold Transactions Value -added Tax Collection"
Annexation:
"Administrative Measures for Gold Exchange Gold Transaction Value Valuation Tax Collection"
The variety of gold transactions
1. Standard gold products
four types of color: AU9999, AU9995, AU9999, AU995.
Five specifications: 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg.
2. Non -standard gold products
The gold products except the above four types of color and five specifications.
. Regarding the taxation regulations on gold transactions
1. In order to facilitate the collection and management of value -added tax, members who are registered in accordance with the registered registered in the charter of the Gold Exchange and customers who are registered in accordance with the charter of the Gold Exchange. Standard gold product transaction carried out through the Golden Exchange [and hold the "Golden Trading Settlement Invoice" (settlement) issued by the Golden Exchange. The Gold Exchange issues ordinary invoices and exempts VAT; if physical delivery occurs, the Gold Exchange's in charge of the tax authorities on behalf of the Gold Exchange will issue a member unit or customer of the general unit or customer of the general taxpayer qualification of VAT taxpayer in accordance with the actual transaction price. VAT invoices (invoices for special VAT invoices, accounting associations, and depository associations are reserved by the Gold Exchange, and the deductive coupon is passed to the membership unit of the carrier). If the member unit or customer of the goods pickup is a non -VAT general taxpayer, a special VAT invoice shall not issue a special VAT invoice.
"Standard Gold Delivery" refers to the act of extracting gold from the gold exchanges from the Golden Exchange's vault specified on the Golden Exchange on the Golden Exchange.
2. A standard gold physical delivery occurred on the transaction session of the Gold Exchange. A special VAT invoice should be issued according to the actual transaction price. , Warehousing fee and other expenses. In order to accurately calculate the actual transaction price mentioned in the gold, the Gold Exchange should be determined in accordance with the principle of the subsequent advancement method.
. In order to facilitate the collection and management of VAT, at the beginning of the opening of the Gold Exchange, non -gold production member units or customers (excluding banking systems) should be based on the actual amount of gold in the unit from the Gold Exchange. Specify the Gold to extract gold. For the gold that does not follow the actual amount of gold in the unit, the gold exchanges from the Gold Exchange will not be exported from the Gold Exchange, and you must no longer be traded into the gold inventory specified by the Gold Exchange, including the non -gold production member unit or customer before the opening of the Gold Exchange (before the opening of the Gold Exchange (before opening Excluding the banking system) inventory gold in the unit.
. The Gold Exchange can enjoy a preferential policy that is immediately levied on VAT, and at the same time, it is exempted from levy urban construction to maintain taxes and educational costs.
5. For taxpayers who do not sell the standards of gold in the gold exchange, they do not enjoy the VAT tax, which will be levied and levied the policy of exemption and exemption of urban construction to maintain taxes and educational costs.
. Member unit and customer value -added tax input tax
1. Except the member unit (except the People's Bank of China and the gold production enterprise) or the customer's input tax on the gold exchange The value -added tax (including the corresponding purchase volume) of the VAT invoices issued by the Golden Exchange for the Golden Exchange is separated. When a member or customer purchases gold from the Gold Exchange (referring to the occurrence of physical delivery) and then sells through the gold exchange, the transfer amount of the gold input tax sold through the gold exchange should be calculated. At the same time, the cost is included; the amount of input tax calculated by the current period of the enterprise is less than the amount of input tax calculated by the following formulas.
The amount of input tax that should be transferred = the amount of input tax of the unit × the current amount of gold selling.
M unit input tax = cumulative input tax for purchasing gold ÷ cumulative gold purchase amount.
. For member units (except the People's Bank of China and Gold Production Enterprises) or customers sell the original inventory gold through the gold exchange, the corresponding input tax should be calculated according to the actual transaction price, and the current input shall be calculated from the current current input. Turn out of the tax and count the cost.
The input tax that should be transferred = sales inventory gold actual transaction price ÷ (1 17%) × 17%
. The identification of general taxpayers for value -added tax
1. It is convenient for VAT In the collection management, the Gold Exchange should apply for the identification procedures for the general taxpayer of the general value -added tax to the competent tax authority in the local area, and apply for the printing of the "Golden Transaction Settlement Invoice".
. If member units and customers meet the qualifications of general taxpayers for VAT, they can apply for the identification procedures of general taxpayers in charge of the competent tax authorities in their place.
If members and customers have branches where the gold exchanges are located, and a gold transaction shall be conducted by a branch institution, a branch of a branch of general taxpayers who comply with value -added tax may apply to the Gold Exchange's competent tax authority for the Gold Exchange to apply for generally applying for generally Taxpayer's identification procedures.
5. Regarding the tax authorities on behalf of VAT
Calculating formula for unit prices, amounts and taxes in the Golden Exchange in charge of tax authorities on behalf of VAT: Single price ÷ (1 value -added tax rate)
The amount = amount × unit price
The amount of tax = amount × tax rate
The unit price decimal point retain four digits.
6. For members and customers, the "Golden Trading Settlement Invoice" issued by the Golden Exchange should be used as a financial accounting for accounting accounting vouchers; Invoices (invoices for special VAT invoices, accounting associations, and depositors are reserved by the Gold Exchange, and deductible coupons are passed on to membership units of the carrier). They are only used as vouchers for the amount of tax input tax. They must not be used as a certificate of financial accounting.
Seven. If a member unit or customer does not have physical delivery, the "Golden Trading Settlement Invoice" (settlement couplet) shall go through the tax exemption procedures for the tax exemption of the local tax authorities where the customer and the customer are located.
8. In order to facilitate the collection and management of VAT, the Gold Exchange should strengthen the basic management of member units and customers. The gold transactions of the self -operated gold transactions and agent customers of member units should be calculated separately.
Ter notice of the State Administration of Taxation of the Ministry of Finance on the relevant tax policy of gold futures transactions
----------------------------------------------------------------- ------------------------------------------------ ----------
In wealth tax [2008] No. 5
Full Effective Writing Date: 2008-02-02
n Font ] [Middle] [Small]
The Shanghai Finance Bureau and National Taxation Bureau:
The approval of the State Council, starting from January 1, 2008, when physical delivery of gold futures transactions in Shanghai Futures Transaction The implementation of the tax policy of the Shanghai Gold Exchange Gold Transaction. The relevant policies are clearly clear:
1. Members and customers of Shanghai Futures Exchange sells standards for sales standards through the Shanghai Futures Exchange ("Special Invoice" issued by Shanghai Futures Exchange). If the library is exempted from value -added tax; if the physical delivery has occurred and the warehouse has been exported, the tax authorities will issue a special VAT invoice on behalf of the actual delivery price, and the value -added tax is imposed. Education additional. The unit price, amount, and tax amount in the special VAT invoice are as follows:
Ming unit price = actual delivery unit price ÷ (1 VAT rate)
× tax rate
The actual delivery unit price refers to the unit price without the handling fee collected by the Shanghai Futures Exchange.
Among them, standard gold refers to: the color is AU9999, AU9995, AU999, AU995; the specifications are 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg of gold.
. The administrative measures for VAT collection of gold futures transactions on the Shanghai Futures Exchange and the management measures for special VAT invoices are formulated separately by the State Administration of Taxation.
The State Administration of Taxation of the Ministry of Finance
February 2, 2008
The State Taxation Administration of Taxation and issuing the "VAT of the Shanghai Futures Exchange Gold Futures Transaction VAT The notification of the management method
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country taxa [2008] No. 46
Full text Effective writing Date: 2008-05-04
Fonts: [Big] [Middle]
The National Taxation Bureau of the Municipal Municipality:
In order to promote the development of the gold futures trading market and strengthen the management of the value -added tax collection of gold futures transactions, in accordance with the "Notice of the State Administration of Taxation of the Ministry of Finance on the Gold Futures Transaction Relevant Taxation Policy" (Fiscal Tax [2008 [2008 ] No. 5) Statement that the State Administration of Taxation has formulated the "Administrative Measures for the Getting VAT Tax Collection of Gold Futures Transactions on the Shanghai Futures Exchange", which is now issued to you, please follow the implementation. Dagging in the process of value -added tax collection and management of gold futures transactions, it should be reported to the State Administration of Taxation (Circulation Tax Management) in a timely manner.
If State Taxation Administration
May 4, 2008
Stocks in Shanghai Futures Exchange Gold Futures Transaction VAT Management Measures
1 In accordance with the "Administrative Law of the People's Republic of China" and the implementation rules of the implementation, the "Interim Regulations on the Value -added Tax of the People's Republic of China" and the "Notice of the State Administration of Taxation of the Ministry of Finance on the Gold Futures Transaction Related Tax Policy" [2008] No. 5) Standards and other regulations, formulate these measures.
The "Gold" stipulated in these Measures is the indicator of gold, that is, the gold ingots, gold bars and gold blocks such as the following standards and specifications meet the following standards:
AU999, AU995.
Specifications: 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg.
The non -standard gold, that is, the gold raw materials that meet the above standards when the color and specifications are different, and these measures are not applicable.
3 The collection and management of the VAT of the Shanghai Futures Exchange Gold Futures Transaction VAT shall be implemented in accordance with the following provisions:
(1) Shanghai Futures Exchange shall apply to the competent tax authority for printing the "Special Invoice of Golden Settlement" ( One -type triad, divided into settlement, invoice couplets, and Stocking).
(2) Members and customers of Shanghai Futures Exchange for gold futures transactions through the Shanghai Futures Exchange and physical delivery in accordance with the following regulations:
1. Seller or customer members or customers at the settlement settlement price direction price direction price direction. The Shanghai Futures Exchange issues ordinary invoices and exempts VAT for it. The Shanghai Futures Exchange provides the seller's "Golden Settlement Special Invoice" settlement of the "Golden Settlement Invoice" based on the settlement price of the delivery.
. If a buyer member or customer fails to withdraw the gold out of the warehouse, the Shanghai Futures Exchange will issue the "Special Invoice of Golden Settlement" and provide invoices on the settlement settlement price.
. If a buyer member or customer withdraws the gold out of the warehouse, it shall issue a futures transaction settlement form to the tax authority in charge of the Shanghai Futures Exchange, the standard warehouse will be out of confirmation, and the tax authority shall be based on the actual situation. In the number of delivery prices and the number of pick -up, the Shanghai Futures Exchange issues a special VAT invoice (deduction) for buyer members or customers (withdrawal parties) with a buyer or customer (pick -up party) with general taxpayers. Store from the Shanghai Futures Exchange, and the deduction of couplet is passed to the consignor members or customers.
The buyer members or customers (pick -ups) who do not belong to the general VAT taxpayer shall not issue a special VAT invoice.
(3) Shanghai Futures Exchange implements a separate accounting of the value -added tax tax on gold futures delivery and picking up the goods. It is a refund policy for the value -added tax, which is an exemption of urban maintenance and educational costs.
It 4 members and customers account for the value -added tax input tax in accordance with the following regulations:
(1) Member or customer of Shanghai Futures Exchange (except the People's Bank of China) The amount of input tax obtained when the gold physical delivery is extracted from the warehouse is accounted for separately, and the value -added tax amount (including the corresponding purchase volume) of the VAT invoices issued on behalf of the VAT invoices issued on behalf of the tax authorities obtained is separated.
The purchase of gold for members or customers from Shanghai Futures Exchange or Golden Exchange (referring to the delivery of the goods) and then sold through the Shanghai Futures Exchange. The transfer amount is transferred from the current input tax amount, and the cost is included at the same time; the amount of input tax calculated by the current book is less than the amount of input tax calculated by the following formulas.
The amount of input tax that should be transferred = the amount of input tax of the unit × the current amount of gold selling.
M unit input tax = cumulative input tax for purchasing gold ÷ cumulative gold purchase amount
(2) For members or customers of Shanghai Futures Exchange (except the People's Bank of China) If there is inventory gold, the transfer amount of the corresponding input tax should be calculated based on the actual transaction price, and the amount of the current input tax is transferred, and the cost is included.
The input tax that should be transferred = the actual transaction price of sales inventory ÷ (1 VAT rate) × VAT rate.
(3) After the buyer's member or customer (the goods withdrawn) obtain the deduction of special VAT invoices, the tax amount should be transferred from the tax on the "taxable tax -input tax in the gold material extent on the invoice. "Subject, account for input tax.
The unit price, amount and amount of the special VAT invoice for VAT is determined by the following provisions:
Is when the buyer or customer of the Shanghai Futures Exchange (pick -up party) is issued, the competent tax authority will issue VAT on behalf of the tax authority The unit price indicated on the dedicated invoice shall be determined by the actual amount of payment and the number of goods withdrawal, but it does not include other fees such as handling fees and warehousing fees. Among them, the actual hammering payment is composed of the payment of the payment and the short settlement of the payment, and the principle of the payment of the payment is determined by the subsequent approach. The specific calculation formula is as follows:
The amount of tax = amount × VAT rate
amount = quantity × unit price
unit price = actual delivery price ÷ (1 value -added tax rate)
actual hammer price = Actual delivery of payment ÷ the number of pick -ups
The actual delivery of payment = delivery payment short settlement payment
Settlement payment = Short × Short Settlement Cleaner's recent monthly gold futures contract settlement price of the recent month of the Shanghai Futures Exchange
Among them, at least 6 digits after the unit price decimal point.
Is 6 members and customers shall use the "Gold Settlement Special Invoice" (Invoice Union) issued by the Shanghai Futures Exchange as the accounting accounting voucher; The special VAT invoice (deduction) is used as a voucher for the amount of tax input.
The Article 7 Seller or customers shall go through tax exemption procedures to seller members or customers in charge of tax exemptions with the "Special Invoice Federation of Gold Settlement" (settlement couples) issued by the Shanghai Futures Exchange.
It members of the Shanghai Futures Exchange shall calculate the sales of self -employed gold futures transactions, agent customers' gold futures transactions and gold physical delivery business, and value -added tax sales tax, input tax, and taxable tax.
The "extraction gold exit" stipulated in these Measures refers to the behavior of extracting the gold that has been delivered to the futures exchange from the designated vault members or customers from the designated vault.
The interpretation of the State Administration of Taxation.
The Article 11 These Measures will be implemented from January 1, 2008.
"Administrative Measures for the Gold Exchange Gold Transaction Value -added Tax Collection"
. variety of gold transactions
1. Standard gold products: four types: AU9999, AU9995, AU999, AU995; Five Specifications: 50 grams, 100 grams, 1 kg, 3 kg, 12.5 kg;
2. Non -standard gold products except the above four types of color and five specifications;
2. Relevant taxation regulations on gold transactions:
1. In order to facilitate the collection and management of value -added tax, members registered in accordance with the registered registered in the charter of the gold exchange , Standard Gold Product Transactions conducted through the Gold Exchange [and hold the "Golden Trading Settlement Invoice" (settlement) issued by the Golden Exchange. A normal invoices are issued to the Gold Exchange and exempt from VAT; if the physical delivery occurs, the Gold Exchange competent tax authorities on behalf of the Gold Exchange will be a member unit or customer of the goods withdrawal of general taxpayers who are qualified to value general taxpayers in accordance with the actual transaction price. A special VAT invoices are issued (the invoice association of VAT invoices, the accounting association, and the depository connection are reserved by the Gold Exchange, and the deduction is passed to the membership unit of the carrier). The member unit or customer of the goods pick -up is a general taxpayer of non -VAT. Do not issue special VAT invoices. "Standard gold physical delivery" refers to the behavior of the gold exchanged on the Golden Exchange from the Golden Exchange's vault specified on the Golden Exchange.
2. A standard gold physical delivery occurs on the transaction session of the Gold Exchange. A special VAT invoice should be issued according to the actual transaction price. The price of the transaction does not include trading fees and warehousing fees. In order to accurately calculate the actual transaction price mentioned in the gold, the Gold Exchange should be determined in accordance with the principle of the subsequent advancement method.
3. In order to facilitate the collection and management of VAT, at the beginning of the opening of the Gold Exchange, the non -gold production member unit or customer (excluding banking system) should be The gold extracted by the designated vault, the gold that is not available from the Gold Exchange from the Gold Exchange's actual amount of gold is not allowed to be traded in the gold exchanges from the Gold Exchange, including the gold exchanges, including the gold exchanges before the opening of the Gold Exchange. Production membership units or customers (excluding banking systems) in stock gold in the unit.
4. Golden Exchange can enjoy preferential policies that return the value -added tax, that is, it will be exempted from urban construction and maintenance taxes and educational costs.
5. If the taxpayer does not sell the standard of gold through the gold exchange, it will be levied and exempt the city's construction tax and educational costs without enjoying the value -added tax.
. The accounting of the value -added tax in member units and customers
. A separate accounting of the member unit (except the People's Bank of China and the Gold Production Enterprise) or the customer's input tax on the Gold Exchange's gold transactions, and the value -added tax (value -added tax on the VAT invoices issued by the Golden Exchange ( Including the corresponding purchase volume) separate accounting. When a member or customer purchases gold from the Gold Exchange (referring to the occurrence of physical delivery) and then sells through the gold exchange, the transfer amount of the gold input tax sold through the gold exchange should be calculated. At the same time, the cost is included; the amount of input tax calculated by the current period of the enterprise is less than the amount of input tax calculated by the following formulas. The amount of input tax that should be transferred = the amount of input tax of the unit × the current amount of gold selling. The amount of input tax of the unit = the cumulative input tax for purchased gold ÷ the cumulative gold purchase amount
． Member units (except the People's Bank of China and gold production enterprises) or customers sell the original inventory gold through the gold exchange, and the corresponding input tax should be calculated according to the actual transaction price, and the amount of input tax is transferred out. cost. The amount of input tax that should be transferred = the actual transaction price of the sales inventory gold ÷ (1 17%) × 17%.
. The identification of general taxpayers of VAT
. In order to facilitate the collection and management of VAT, the Golden Exchange should apply for the identification procedures for the general taxpayer of the VAT to the competent tax authority in the location, and apply for the printed "Golden Transaction Settlement Invoice".
. If a member unit and customers are qualified for the identification of the general value -added taxpayer, they can apply for the identification procedures for the general taxpayer of the value -added tax for the general tax authorities in charge. If a member and customers have branches where the gold exchanges are located, and a branch of a branch of the branch, a branch of the branch of the general value -added taxpayer can apply for the identification of general taxpayers to apply for a general tax authority in charge of the Gold Exchange. formalities.
5. Regarding the tax authority issued a special VAT invoice
The unit price, amount, and tax calculation formula for the Golden Exchange in charge of taxation agencies on behalf of VAT invoices:
Single price = actual transaction unit price ÷ (1 value -added tax rate);
amount = amount × unit price;
tax = amount × tax rate;
mine decimal points to retain four digits.
. 6. For members and customers, the "Golden Trading Settlement Invoice" issued by the Gold Exchange should be used as a financial accounting voucher for accounting accounting; Value -added tax invoices (invoices for special VAT invoices, accounting associations, depositors are reserved by the Gold Exchange, and deducting the deductive coupon passed to the member unit of the carrier). certificate.
. If a member unit or customer does not have physical delivery, it shall go through the tax exemption procedures of the member units and the local tax authorities where the "Golden Trading Settlement Invoice" (settlement couplet) issued by the Gold Exchange.
8. In order to facilitate the collection and management of VAT, the Gold Exchange should strengthen the basic management of member units and customers. Essence
VAT, as long as the circulation occurs, it must be paid.
The gold and silver jewelry, diamonds and diamond jewelry are collected at the retail session, with a tax rate of 5%.
The seller is collected, the tax rate is unchanged.
The approved by the State Council, the Ministry of Finance and the State Administration of Taxation decided to adjust the seal of the securities (stock) transaction stamp taxation method from September 19, 2008, The transfer of A shares and B shares of the book is based on the tax rate of one thousandths of the thousandths of the tax rates. The transfer party of the shares and B shares shares transfers shall be levied on the stamp duty of one -thousandths of the tax rate of one thousandths.
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