TechFlow news, November 3 — According to Jinshi Data citing The Paper, the Ministry of Finance and the State Taxation Administration jointly issued an announcement on tax policies related to gold, further clarifying relevant tax administration matters. An industry insider noted that last weekend, the Ministry of Finance and the State Taxation Administration released new regulations concerning gold taxation, involving adjustments in related taxes, requiring system upgrades and improvements. Today, China Merchants Bank has adjusted prices for physical gold bars. A customer service representative from CMB stated that in accordance with the new gold tax policy, the bank will make corresponding business adjustments as required. Currently, the tax cost has already been included in the product price.
