China Implements New Tax Policies on Gold to Regulate Market

China’s Ministry of Finance has unveiled new tax regulations for gold, effective November 1, 2025, through December 31, 2027. The announcement details Value-Added Tax (VAT) management standards for ‘investment gold’ and ‘non-investment gold.’ These regulations categorize gold based on purity and function to ensure market standardization, prevent arbitrage opportunities, and streamline compliance costs for investors. Industry experts predict this measure will encourage investment towards standardized gold and high-liquidity products like Exchange Traded Funds (ETFs), with no direct effect on ordinary consumers.