两部门：对境外机构投资我国在境外发行国债、地方政府债券取得的债券利息收入免征增值税

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced the extension of the value-added tax exemption policy for foreign institutions investing in national and local government bonds in China, effective from August 8, 2025, to December 31, 2027 [1]. Group 1 - The policy exempts foreign institutions from value-added tax on interest income from national and local government bonds issued abroad [1].