中经评论：增值税法实施意味着什么

Group 1 - The implementation of the VAT Law on January 1, 2026, marks a new phase for China's largest tax type, enhancing its role in fiscal revenue collection, economic regulation, and income distribution adjustment [1][2] - VAT is a turnover tax based on value-added, featuring a multi-stage collection and deduction system, which avoids double taxation and improves administrative efficiency, making it widely adopted globally [1] - In 2024, China's VAT revenue is projected to be approximately 6.57 trillion yuan, accounting for 38% of total tax revenue, highlighting its significant role in the tax system [1] Group 2 - The reform and development of VAT are crucial for the interests of businesses and individuals, as well as for the overall economic and social operation [2] - The VAT Law, passed on December 25, 2024, after over a year of preparation, aims to stabilize the tax system and incorporate practical experiences and reform outcomes into law [2][3] - The implementation of the VAT Law is a milestone in the process of establishing tax law principles, contributing to a fair and unified tax environment [3] Group 3 - The effective implementation of the VAT Law requires detailed regulations and practical measures to ensure compliance and enforcement [3] - The ongoing development of tax law, including the completion of legislation for other tax types like consumption tax, is essential for advancing tax reform and legal governance [4] - Continuous attention is needed to adapt the VAT system to promote a unified national market and a fair competitive environment, especially in light of new business models [4]