How to invoice for buying gold

The special VAT invoice for the purchase of gold is issued by the tax authorities, and the invoice is issued to the buyer who actually took delivery of the goods from 1 13 years 10. The exchange is actively striving for the tax authorities to issue invoices in time (the buyers will issue invoices after picking up the goods).

According to the International Finance News, according to Article 2 of the Notice on Gold Tax Policy issued by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China and Article 2 of the Measures for the Administration of Value-added Tax Collection on Gold Trading, members or customers who sell standard gold through the exchange are exempt from value-added tax.

Regarding the issuance of special VAT invoices, the Gold Exchange must meet the following five conditions:

1, physical delivery of standard gold occurs;

2. The buyer is a general VAT taxpayer;

3. Gold bill of lading;

4. Gold outbound order;

5. The actual price of gold determined by LIFO method. "LIFO method" means that the last material in material cost accounting is the first material to be issued.

Determining the actual price of gold by LIFO means determining the first price and weight according to the last price and weight of gold purchased before invoicing. If the delivery weight exceeds the weight of the previous purchase, the price and weight of the excess part shall be determined according to the price and weight of the previous purchase.