财政部发布关于国债等债券利息收入增值税政策的公告

Group 1 - The announcement states that starting from August 8, 2025, interest income from newly issued national bonds, local government bonds, and financial bonds will be subject to value-added tax (VAT) [1] - Interest income from bonds issued before August 8, 2025, will continue to be exempt from VAT until the bonds mature [1] - Financial bonds refer to securities issued by legally established financial institutions in the People's Republic of China, which are held by financial institutions and repay principal and interest as agreed [1]