增值税法实施条例公开征求意见！为增值税法落地实施提供保障

Core Points - The implementation of the new Value-Added Tax (VAT) Law in China will begin on January 1, 2026, with the Ministry of Finance and the State Taxation Administration releasing a draft for public consultation to ensure smooth implementation and adherence to the principle of tax law [1][2] - The draft includes six chapters and fifty-seven articles, detailing the VAT law's provisions, tax rates, taxable amounts, tax incentives, collection management, and other relevant regulations [1][2] - The draft aims to enhance the certainty and operability of the tax system, maintaining the stability of existing tax policies, particularly regarding the financial sector's treatment under VAT [2][3] Tax Policy Details - The draft clarifies definitions of taxable transactions, including goods, services, intangible assets, and real estate, and specifies the VAT taxable objects [2] - It provides detailed rules for the application of different tax rates and the deduction of input VAT, particularly for financial services, ensuring continuity with previous practices [2][3] - The draft optimizes tax policies to reflect the basic principles of VAT, including the non-deductibility of input VAT for non-taxable activities, aligning with international practices [3] Future Expectations - The successful implementation of the VAT Law is expected to contribute to the construction of a modern VAT system that supports high-quality economic development and the establishment of a unified national market [4]