Chinese authorities have announced the full removal of the value-added tax (VAT) exemption on gold purchases. This decision will affect both investors and ordinary consumers who buy the precious metal. It is expected that this measure will lead to an increase in the final price of gold in the domestic market. Experts note that this could affect consumer demand, especially ahead of the holiday season. The authorities explain the move as a necessary step to replenish the budget and stimulate the economy.
