With emphasis on if VAT on gold to be imposed or not, the paper discusses the reform of taxation system for gold, a hot issue mattering the development of the gold industry,and a focus being widely concerned by the pe...With emphasis on if VAT on gold to be imposed or not, the paper discusses the reform of taxation system for gold, a hot issue mattering the development of the gold industry,and a focus being widely concerned by the people in this trade. After stating that VAT should be levied on gold as a normal commodity n a principle of fare taxation, it is pointed out that gold is still one of the world-widely recognized five moneys for international clearing,and should not be taken as normal commodity. Actually there are two forms of gold, commodity gold and financial gold. Therefore, it is suggested to apply different taxation systems for different metal properties, which should be the orientation for reform of the taxation system and will ensure fare taxing. "We should understand gold taxation from a more broad view. And it is better to lead other than to block for gold administration, and to be light other than heavy for gold taxation. It is only in this way that gold producing capability will be increased and gold market developed, in turn, the total national tax revenue will be increased.", believed the author, from the view of practical situations of China’s gold industry and taking references of the tax policies of related countries. Reviewed different opinions on With-or-without VAT, the paper holds that "the reform for VAT on gold is developing towards a uniform direction, and a prevailing idea is to keep the VAT-exempt policy unchanged.展开更多
The Act of Silver and Gold Administration" is a legal reflect of the administration system for gold and silver which has been lasted for half a century from the early 90’s China started its market reform in the ...The Act of Silver and Gold Administration" is a legal reflect of the administration system for gold and silver which has been lasted for half a century from the early 90’s China started its market reform in the administration of gold and silver Now ,the market reform for silver is definite ,and the market reform for gold is obviously speeding up ,It is concerned where "the Act if Silver and gold Administration"Will go? The author described his opinion in three parts ,they are: 1 Origination of the "the Act of Silver and Gold Administration";2 Challenges to "The Act of Silver and Gold Administration"; 3.Ending of "The Act of Siver and Gold Administration"This paper would be a reference for the gold related managers home or abroad to understand the present administration system of gold in China.展开更多
文摘With emphasis on if VAT on gold to be imposed or not, the paper discusses the reform of taxation system for gold, a hot issue mattering the development of the gold industry,and a focus being widely concerned by the people in this trade. After stating that VAT should be levied on gold as a normal commodity n a principle of fare taxation, it is pointed out that gold is still one of the world-widely recognized five moneys for international clearing,and should not be taken as normal commodity. Actually there are two forms of gold, commodity gold and financial gold. Therefore, it is suggested to apply different taxation systems for different metal properties, which should be the orientation for reform of the taxation system and will ensure fare taxing. "We should understand gold taxation from a more broad view. And it is better to lead other than to block for gold administration, and to be light other than heavy for gold taxation. It is only in this way that gold producing capability will be increased and gold market developed, in turn, the total national tax revenue will be increased.", believed the author, from the view of practical situations of China’s gold industry and taking references of the tax policies of related countries. Reviewed different opinions on With-or-without VAT, the paper holds that "the reform for VAT on gold is developing towards a uniform direction, and a prevailing idea is to keep the VAT-exempt policy unchanged.
文摘The Act of Silver and Gold Administration" is a legal reflect of the administration system for gold and silver which has been lasted for half a century from the early 90’s China started its market reform in the administration of gold and silver Now ,the market reform for silver is definite ,and the market reform for gold is obviously speeding up ,It is concerned where "the Act if Silver and gold Administration"Will go? The author described his opinion in three parts ,they are: 1 Origination of the "the Act of Silver and Gold Administration";2 Challenges to "The Act of Silver and Gold Administration"; 3.Ending of "The Act of Siver and Gold Administration"This paper would be a reference for the gold related managers home or abroad to understand the present administration system of gold in China.
