8月8日起恢复征收增值税

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] Summary by Category Tax Policy Changes - 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 August 8, 2025, will continue to be exempt from VAT until the bonds mature, including portions issued after this date [1] Definition of Financial Bonds - Financial bonds are defined as securities issued by financial institutions legally established within the People's Republic of China, which are held by financial institutions and promise to repay principal and interest as agreed [1]