增值税制度再完善 税收优惠标准拟进一步细化

Core Points - The Ministry of Finance and the State Taxation Administration released the draft implementation regulations for the Value-Added Tax (VAT) Law on August 11, aiming to enhance the operability of the largest tax category in China [1][2] - The VAT accounts for approximately 38% of total tax revenue, with an income of about 6.57 trillion yuan in the past year, reflecting its significant impact on the economy [1] - The implementation regulations provide detailed provisions on tax rates, taxable amounts, tax incentives, and collection management, thereby ensuring a smoother implementation of the VAT Law set to take effect on January 1, 2026 [2] Summary by Sections VAT Law Implementation - The draft implementation regulations further clarify the VAT Law's provisions on tax rates, taxable amounts, tax incentives, and collection management [1][2] - The regulations specify that certain services, such as international transportation and intangible assets, will be taxed at a zero rate [1] Tax Incentives - The implementation regulations refine the standards for tax incentives supporting agriculture, education, healthcare, and elderly care, including the exemption of VAT for certain educational services provided by registered institutions [2] - The regulations aim to enhance the certainty and operability of the tax system, contributing to a cohesive VAT regulatory framework [2] Legislative Process - The State Taxation Administration is expediting the legislative process for the implementation regulations while also revising the tax collection management law, which is the highest-level procedural law in China's tax legal system [2]