gold sales – Charm

China scraps gold tax break, sending shockwaves through global bullion market

Cs news2 months ago02 mins

BEIJING, Nov 1 — China has abolished a long-standing tax incentive on gold sales in a move that could raise costs for consumers in one of the world’s largest bullion markets. Effective today, the Ministry of Finance announced that retailers will no longer be allowed to offset a value-added tax (VAT) when selling gold purchased…

1.4 million mainland Chinese passenger trips made to Hong Kong over ‘golden week’

Cs news2 months ago2 months ago09 mins

More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the National Day “golden week” holiday, official data has shown, but the number still fell short of the city government’s expectations of nearly reaching pre-pandemic levels of 1.52 million. While Hong Kong retailers and caterers reported business growth of up to…