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Can the value-added tax be refunded for gold futures trading?
Shanghai Futures Exchange may apply for separate accounting of the value-added tax in the delivery and delivery of gold futures.

The Shanghai Gold Exchange can enjoy the preferential policy of immediate refund of value-added tax.

1. Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Gold Tax Policy (Caishui [2002] 142)

2. Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Tax Policies for Gold Futures Trading (Caishui [2008] No.5)

3. Notice of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China on Printing and Distributing (Guo Shui Fa [2008] No.46)

4. Notice of People's Republic of China (PRC) State Taxation Bureau on Printing and Distributing (Guo Shui Fa [2002] No.47).