Core Viewpoint - The article discusses the changes in tax policies regarding interest income from government bonds and other financial instruments, particularly focusing on the implementation of VAT on newly issued bonds starting from August 8, 2025, while maintaining exemptions for previously issued bonds until maturity [6][9]. Tax Policy Changes - Starting from August 8, 2025, interest income from newly issued national bonds, local government bonds, and financial bonds will be subject to VAT [6][9]. - Interest income from bonds issued before August 8, 2025, will continue to be exempt from VAT until the bonds mature [6][9]. Income Tax Regulations - According to the Corporate Income Tax Law, interest income, including deposit interest, loan interest, and bond interest, is defined as income derived from providing funds to others without constituting equity investment [3][4][14]. - The law specifies that interest income is recognized based on the contractual agreement regarding the debtor's payment date [4][15]. Exemptions and Special Cases - The article highlights that interest income from national bonds is exempt from corporate income tax [7]. - For local government bonds issued from 2012 onwards, both corporate income tax and individual income tax exemptions apply [10].