两部门延续实施境外机构投资境内债券市场企业所得税、增值税政策

Core Viewpoint - The Ministry of Finance and the State Taxation Administration of China announced an extension of tax exemptions for foreign institutions investing in the domestic bond market, effective from January 1, 2026, to December 31, 2027 [1] Group 1: Tax Policy Changes - From January 1, 2026, to December 31, 2027, foreign institutions will be exempt from corporate income tax and value-added tax on interest income from bonds in the domestic market [1] - This policy extension follows a previous announcement made in 2021, which initially set the exemption period from November 7, 2021, to December 31, 2025 [1] Group 2: Additional Tax Exemptions - Starting from August 8, 2025, until December 31, 2027, foreign institutions will also be exempt from value-added tax on interest income from Chinese government bonds and local government bonds issued abroad [1]