Core Viewpoint - The Ministry of Finance and the State Taxation Administration of the People's Republic of China announced a change in the VAT tax category for telecommunications services, effective January 1, 2026, which will impact the revenue and profits of major telecom companies in China [1][2][3]. Group 1: Tax Changes - The VAT tax category for services such as mobile data, SMS, MMS, and internet broadband access will change from value-added telecommunications services to basic telecommunications services [1][2][3]. - The VAT rate will increase from 6% to 9% for these services starting January 1, 2026 [1][2][3]. Group 2: Company Responses - China Mobile emphasized its commitment to strengthening its core telecommunications services and enhancing operational efficiency through innovation and management improvements [1]. - China Unicom stated its focus on core areas such as connectivity, computing power, and service safety, aiming to build differentiated advantages and improve operational efficiency for sustainable high-quality development [2]. - China Telecom plans to implement a comprehensive strategy focusing on cloud transformation and AI integration, aiming to enhance its intelligent cloud services and foster new growth drivers [3].
中国移动、中国联通、中国电信,同日公告