事关增值税法实施！国常会审议通过

Group 1 - The State Council emphasizes the need for all departments to implement the overall requirements and policy orientation for economic work in the coming year, accelerating the formulation of specific implementation plans [1][2] - The meeting highlights the importance of cross-departmental collaboration to form a joint effort in promoting development, ensuring a good start for the 14th Five-Year Plan [1][2] - The fiscal policy is expected to moderately expand, with an increase in fiscal deficit and government debt to provide sustainable financial support for the implementation of the 14th Five-Year Plan [2][3] Group 2 - In terms of debt replacement, 2 trillion yuan of special refinancing bonds will be issued in the first and second quarters to alleviate local government hidden debt pressure [3] - The new quota for special bonds is expected to be 5 trillion yuan, with approximately 1.6 trillion yuan allocated for debt clearance and 2.9 trillion yuan for project construction, accelerating in the second quarter [3] - The issuance of ordinary government bonds will be slowed down to avoid concentrated supply shocks, ensuring balanced issuance of various bonds [3] Group 3 - The meeting approved the draft implementation regulations for the Value-Added Tax (VAT) Law, emphasizing the need for effective implementation and legal guidance to protect taxpayer rights and create a fair competitive environment [4] - The VAT Law is set to take effect on January 1, 2026, maintaining the current tax system framework and overall tax burden levels [4][5] - The VAT rates will remain at three levels: 13%, 9%, and 6%, with zero tax rates applied in certain situations, ensuring stability in tax revenue [4][5]