中国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 Chinese Ministry of Finance and the State Taxation Administration announced the extension of tax policies for foreign institutions investing in the domestic bond market to further promote the opening of the bond market [1] Group 1: Tax Policy for Foreign Investment - From January 1, 2026, to December 31, 2027, interest income from bonds obtained by foreign institutions investing in the domestic bond market will be temporarily exempt from corporate income tax and value-added tax [1] - The exemption from corporate income tax does not include interest income related to bonds obtained by foreign institutions that have established entities or places in China [1] Group 2: Tax Policy for Government Bonds - From August 8, 2025, to December 31, 2027, interest income from foreign institutions investing in Chinese government bonds and local government bonds issued abroad will be exempt from value-added tax [1]