Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced a new policy regarding the value-added tax (VAT) on interest income from government bonds, local government bonds, and financial bonds, effective from August 8, 2025 [1][2]. Summary by Sections Tax Policy Changes - Starting from August 8, 2025, interest income from newly issued government bonds, local government bonds, and financial bonds will be subject to VAT [1]. - Interest income from bonds issued before this date will continue to be exempt from VAT until the bonds mature [1]. Definition of Financial Bonds - Financial bonds are defined as securities issued by legally established financial institutions in the People's Republic of China, which are held by financial institutions and are subject to agreed repayment and interest payment [1].
两部门：8月8日起对新发行的国债等利息收入恢复征收增值税
Sou Hu Cai Jing·2025-08-01 10:05