Core Viewpoint - The adjustment of the VAT tax category for telecommunications services in China will impact the revenue and profit of China Mobile, as the VAT rate changes from 6% to 9% starting January 1, 2026 [1][4]. Group 1 - The Ministry of Finance and the State Taxation Administration of China announced that from January 1, 2026, the 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][4]. - The corresponding VAT rate for these services will increase from 6% to 9% [1][4]. - The company aims to strengthen its core telecommunications services, computing power services, and intelligent services while focusing on network enhancement and innovation [1][4].
中国移动:电信服务增值税税率6%调至9%,影响公司收入利润