Core Viewpoint - The article discusses the implementation of the new Value-Added Tax (VAT) Law in China, which will take effect on January 1, 2026, and highlights the importance of the draft implementation regulations released by the Ministry of Finance and the State Taxation Administration to ensure a smooth transition [1]. Summary by Sections Basic Framework - The draft implementation regulations correspond to the VAT Law and are divided into six chapters, totaling 57 articles, which is an increase of 17 articles compared to the current VAT Provisional Regulations [3]. - The draft clarifies the definitions of goods, services, intangible assets, and real estate, providing specific examples for each category [3]. Breakthroughs in Current VAT System - The draft introduces concepts not directly mentioned in the VAT Law, such as defining "general taxpayers" and including natural persons as small-scale taxpayers, addressing existing discrepancies in tax burdens [4][5]. - It specifies that certain fees related to loan services cannot be deducted from the output tax, a clarification not present in the VAT Law [6]. Detailed and Rigorous Provisions - The draft provides a more precise definition of "individuals" for tax purposes, including individual industrial and commercial households [7]. - It mandates that VAT special invoices must clearly indicate both the sales amount and the VAT amount, enhancing transparency in tax liabilities [7]. Areas Needing Clarification and Improvement - Certain provisions in the draft require further clarification, such as the specific circumstances under which "export goods" are defined and the exact scope of goods, services, intangible assets, and real estate [9]. - The draft mentions that the registration system for general taxpayers will be determined by the State Taxation Administration, indicating a need for further regulatory details [9]. Issues Worth Further Research - The article raises questions about whether loan interest should continue to be subject to VAT and how to handle the implications of such taxation on the overall tax system [12]. - It also notes that the provision preventing taxpayers from switching back to small-scale taxpayer status after registering as general taxpayers may need to consider exceptional circumstances in business operations [12].

南方财经记者郭莎 广州报道 增值税是我国第一大税种。2024年，我国增值税收入约6.57万亿元，占全部税收收入的38%，成为全国 财政收入的重要支柱。同时，增值税覆盖了全部国民经济行业门类，涉及生产、批发、零售、服务等各 个环节，纳税人几乎涵盖了所有经营主体，与社会大众的日常生活紧密相连。 增值税立法的推进一直备受公众关注。 日前，《中华人民共和国增值税法实施条例（征求意见稿）》（以下简称《征求意见稿》）正式发布， 面向社会公开征求意见。 《征求意见稿》包括总则、税率、应纳税额、税收优惠、征收管理、附则等六章共五十七条内容，主要 对增值税法有关规定进一步细化明确，对授权国务院规定的事项作出具体规定，与现行增值税法规衔 接。 《征求意见稿》有哪些新亮点？ 哪些条款值得纳税人持续关注？ 宫滨进一步表示，有几个条款值得重点关注探讨。 首先，和现行政策相比，增加了增值税法第六条以外非应税交易所对应的进项税额不得抵扣的规定。在 增值税法的立法进程中，曾经对可抵扣进项税额设置了"与应税交易相关"的限定条件，但相关表述在正 式发布的增值税法中并未保留，此次增加的这一条款似乎重新呼应了此前的立法思路，引起了广泛关注 和讨论。 ...