税负水平基本不变，细化征税范围

Core Viewpoint - The implementation regulations for the Value-Added Tax (VAT) Law in China will take effect on January 1, 2026, and are expected to significantly support the smooth implementation of the VAT Law by enhancing taxpayer rights and ensuring legal compliance [1][2]. Group 1: Key Features of the VAT Implementation Regulations - The regulations consist of six chapters and 54 articles, covering general principles, tax rates, taxable amounts, tax incentives, collection management, and supplementary provisions [1]. - The regulations maintain the existing VAT system framework and tax burden levels, while elevating VAT reform achievements and policies to legal and administrative regulations [2]. - The regulations further clarify and explain concepts and basic systems within the VAT Law, enhancing the clarity and operability of the VAT system [2]. Group 2: Improvements in Tax Deduction Rules - The regulations refine the rules for VAT deductions, which are crucial for reducing taxpayer burdens and establishing a modern VAT system [2]. - Specific provisions regarding the scope of deductible tax certificates are included, allowing for a transition from a "ticket-based" tax control to a "data-driven" tax management approach [2]. - Adjustments to the deduction rules for mixed-use long-term assets are made to protect taxpayer rights while reflecting the characteristics of a consumption-based VAT [2]. Group 3: Transparency in Tax Incentives - The regulations enhance the public mechanism for tax incentives, ensuring that the scope, standards, and conditions of VAT preferential policies are timely disclosed to the public [3]. - The regulations mandate that the relevant authorities assess the effectiveness of VAT incentive policies and propose adjustments to those that no longer meet economic and social development needs [3]. - This approach aims to create a more transparent and predictable environment for tax incentives, safeguarding taxpayer rights and improving the overall tax incentive framework [3]. Group 4: Stability and Forward-Looking Considerations - The regulations reflect a balance between regulatory stability and forward-looking considerations, allowing for the introduction of supplementary documents to address policies not explicitly defined in the regulations [4]. - This adaptability is intended to meet the evolving needs of economic and social development [4]. Group 5: Overall Impact on VAT System - The introduction of these regulations is seen as a significant step in improving China's current VAT system, aiming to enhance the normative, clear, and unified nature of the tax system [5]. - The regulations are expected to contribute to the modernization of the VAT system and optimize the legal tax business environment in China [5]. Group 6: Housing VAT Policy Announcement - Starting January 1, 2026, individuals selling residential properties purchased for less than two years will be subject to a 3% VAT, while those selling properties held for two years or more will be exempt from VAT [5]. - This policy aims to clarify the VAT obligations for individuals in the housing market and is applicable to transactions not yet declared before the effective date [5].