The Value Added Tax System in the Chinese Gold Market

The Value Added Tax System in the Chinese Gold Market - Gold University - BullionStar

Although VAT in China has recently been simplified, it continues to present its own complexities, including in the Chinese gold market. An overview understanding of how VAT is implemented in the Chinese gold market helps grasp how the Chinese VAT system incentives gold imports and the attractions of selling gold on the Shanghai Gold Exchange due to VAT exemptions. Continue reading…

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