事关增值税法实施！国常会审议通过

Core Viewpoint - The article discusses the recent State Council meeting led by Premier Li Qiang, focusing on the implementation of economic policies for the upcoming year, emphasizing the need for effective coordination among government departments to ensure a strong start to the 14th Five-Year Plan [1][2][3]. Economic Policy Implementation - The meeting highlighted the commitment to a more proactive macroeconomic policy in the coming year, with an emphasis on an expansionary fiscal policy and moderately loose monetary policy [4]. - It is expected that the fiscal policy will continue the "debt-for-investment" approach, with a focus on issuing special refinancing bonds and special bonds for project construction [4][5]. - The anticipated issuance of 2 trillion yuan in special refinancing bonds will occur in the first two quarters to alleviate local government debt pressures [5]. Fiscal Measures - The new special bond quota is projected to be 5 trillion yuan, with approximately 1.6 trillion yuan allocated for debt clearance and 2.9 trillion yuan for project construction, which will accelerate in the second quarter [5]. - The issuance of long-term special government bonds may increase to 1.8 trillion yuan, starting in the second quarter, to work in tandem with special bonds [5]. VAT Law Implementation - The meeting approved the draft implementation regulations for the Value-Added Tax (VAT) Law, which is set to take effect on January 1, 2026 [6][7]. - The VAT rates will remain at 13%, 9%, and 6%, with a zero rate for certain conditions, ensuring stability in tax revenue and fiscal governance [7].