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19h agoChina withdraws VAT offset on gold sales from November 1, tightening fiscal control and raising retail costs
China ended its VAT offset incentive on gold sales effective November 1, 2025, removing a key tax relief that previously benefited jewelers and retail buyers. The move is part of Beijing’s broader fiscal tightening to stabilize revenues and manage inflationary pressures amid a volatile global commodities landscape. Analysts warned this could increase gold prices domestically and moderately impact global bullion demand. Industry observers said the decision aligns with the government’s broader strategy of optimizing tax collections while discouraging speculative investment flows in physical assets.
neutral
19h agoChina withdraws VAT offset on gold sales from November 1, tightening fiscal control and raising retail costs
China ended its VAT offset incentive on gold sales effective November 1, 2025, removing a key tax relief that previously benefited jewelers and retail buyers. The move is part of Beijing’s broader fiscal tightening to stabilize revenues and manage inflationary pressures amid a volatile global commodities landscape. Analysts warned this could increase gold prices domestically and moderately impact global bullion demand. Industry observers said the decision aligns with the government’s broader strategy of optimizing tax collections while discouraging speculative investment flows in physical assets.
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China withdraws VAT offset on gold sales from November 1, tightening fiscal control and raising retail costs
about 19 hours ago
1 min read
84 words
China removed its VAT offset incentive on gold sales from November 1, raising local retail prices and tightening fiscal discipline amid global inflation pressures.
China ended its VAT offset incentive on gold sales effective November 1, 2025, removing a key tax relief that previously benefited jewelers and retail buyers. The move is part of Beijing’s broader fiscal tightening to stabilize revenues and manage inflationary pressures amid a volatile global commodities landscape. Analysts warned this could increase gold prices domestically and moderately impact global bullion demand. Industry observers said the decision aligns with the government’s broader strategy of optimizing tax collections while discouraging speculative investment flows in physical assets.
China ended its VAT offset incentive on gold sales effective November 1, 2025, removing a key tax relief that previously benefited jewelers and retail buyers. The move is part of Beijing’s broader fiscal tightening to stabilize revenues and manage inflationary pressures amid a volatile global commodities landscape. Analysts warned this could increase gold prices domestically and moderately impact global bullion demand. Industry observers said the decision aligns with the government’s broader strategy of optimizing tax collections while discouraging speculative investment flows in physical assets.
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global
China
global
China
gold
tax
inflation
Nov 1, 2025 • 07:13 IST