中国将对国债等债券利息收入恢复征收增值税

Core Viewpoint - The Ministry of Finance and the State Taxation Administration of China 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] Summary by Category Tax Policy Changes - Starting from August 8, 2025, interest income from newly issued national 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 refer to securities issued by legal financial institutions established in China, which are held by financial institutions and are repayable with interest as agreed [1]