Workflow
财政部:对8月8日及之后新发行的国债等债券的利息收入,恢复征收增值税
Zhong Guo Ji Jin Bao·2025-08-01 12:09

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced the resumption of value-added tax (VAT) on interest income from newly issued government bonds, local government bonds, and financial bonds starting from August 8, 2025 [1][2]. Summary by Relevant Sections - Tax Policy Changes - From August 8, 2025, interest income from newly issued national bonds, local government bonds, and financial bonds will be subject to VAT [2]. - Interest income from bonds issued before this date will continue to be exempt from VAT until maturity [2]. - Definition of Financial Bonds - Financial bonds refer to securities issued by financial institutions legally established in the People's Republic of China, which are held by these institutions and pay principal and interest as agreed [2]. - Announcement Details - The announcement was made by the Ministry of Finance and the State Taxation Administration on July 31, 2025 [4].