两部门：恢复征收国债等债券利息收入增值税

Group 1 - The core viewpoint of the article is the announcement by the Ministry of Finance and the State Taxation Administration to restore the collection of value-added tax on interest income from newly issued national bonds, local government bonds, and financial bonds starting from August 8, 2025 [1] - The interest income from national bonds, local government bonds, and financial bonds issued before August 8, 2025, will continue to be exempt from value-added tax until maturity [1] - The policy adjustment is seen as a response to the development of China's bond market, which has achieved its policy goal of encouraging market participation, and the "new and old segmentation" approach will help ensure a smooth implementation of the policy [1]