欢迎扫描下方二维码关注： 经商财政部,自然人购买新发行国债、 地方政府债券、金融债券取得的利息收入, 可以按照19号公告的规定适用相关增值税 免税政策。 来源山西税务税宣速递 欢迎扫描下方二维码关注： 温馨提醒：蓝色柳林财税室为非官方平台，是由编者以学习笔记形式建立的平台，所有笔记写作记录的文章及转发的法律法规仅供读者学习 参考之用，并非实际办税费的标准，欢迎交流学习，共同分享学习经验成果。文章版权归原作者所有，如有不妥，请联系删除。 间:自然人购买2025年8月8日起(含当日) 新发行 (不含在2025年8月8日之后续发行的部分 ）的国债、地方政府债券、金融债券取得的利息 收入应如何适用小规模纳税人月销售额10万元 以下免税政策? 根据《财政部 税务总局关于增值税小 规模纳税人减免增值税政策的公告》(财政 部 税务总局公告2023年第19号) 规定, 截至 2027年12月31日,对月销售额10万元以下 (含本数)的增值税小规模纳税人,免征增 值税。 依次点击【我要办税】→【综合 信息报告】→【制度信息报告】→ 【存款账户账号报告 】。 我刚注册了一家公司并开立了银行 账户,账户需要在税务机关备案吗?我 该 ...

Group 1 - The article emphasizes that talent is the primary resource for enterprise development, and investments in employees can create more value for companies while being tax-deductible [2][3]. - The "Three Labor" expenses for corporate income tax include employee welfare expenses, union expenses, and employee education expenses [2][3]. - Employee welfare expenses are deductible up to 14% of the total salary and wages, while any excess is not deductible [2][3]. - Union expenses are deductible up to 2% of the total salary and wages, with any excess not deductible [3]. - Employee education expenses can be fully deducted for software production companies, and any unallocated training expenses can be carried forward to future tax years [4][5]. Group 2 - For integrated circuit design companies and qualifying software companies, employee training expenses must be accounted for separately and can be deducted based on actual expenses, with excess amounts carried forward [5]. - Reasonable salary and wages must comply with established company policies and industry standards, and should not be aimed at tax evasion [7]. - The total salary and wages for deduction purposes exclude employee welfare expenses, education expenses, union expenses, and various social insurance contributions [7]. - State-owned enterprises have salary limits set by government departments, and any excess cannot be included in the total salary for tax deduction [7]. Group 3 - The article cites relevant policies and regulations, including the Corporate Income Tax Law Implementation Regulations and notices from the State Administration of Taxation regarding salary and welfare expense deductions [8].

在科技创新债券方面，前三季度作为科技创新债券主承销商的证券公司共75家，承销674只债券，合计 金额7051.8亿元，同比增长57.77%。中信证券、中信建投、国泰海通分别承销83.8家、69.65家和62.96 家，承销金额分别为1417.91亿元、1111.66亿元和844.59亿元。 今年前三季度，作为中小微企业支持债券主承销商的证券公司共41家，承销50只债券，合计金额207.7 亿元。作为民营企业债券主承销商的证券公司共56家，承销368只债券，合计金额3913.6亿元。其中， 资产证券化产品212只，合计金额1904.01亿元。五矿证券、国信证券、国泰海通在承销中小微企业支持 债券金额上排在行业前列；中信证券、平安证券和华泰资管在承销民营企业债券金额上领跑行业。 此外，2025年前三季度参与发行地方政府债券的证券公司共69家，合计中标金额3369.54亿元，合计中 标地区31个。其中，银河证券、华泰证券、国泰海通实际中标地区分别为31个、30个和29个。 ◎记者 汤立斌 中国证券业协会日前发布的2025年前三季度证券公司债券（含企业债券）承销业务专项统计显示，今年 前三季度作为科技创新债券主承销商 ...

持续提升服务质效 在国家推进低碳转型、乡村振兴等重大战略的背景下，券商正通过优化业务布局、完善服务体系，持续提升金融服务实体 经济的质效。 在债券承销业务的行业竞争中，头部券商的核心优势持续凸显。在16项相关债券承销业务关键指标中，行业龙头中信证券 一举拿下8项第一，展现出强大实力；国泰海通则在细分赛道表现突出，在主承销低碳转型债券家数、金额以及主承销"一带一 路"债券金额这三项指标上拔得头筹；中信建投与中国银河也各有侧重，分别在主承销绿色债券金额、地方政府债券实际中标 地区数上位列榜首。 与头部券商全面布局不同，中小券商正通过差异化竞争在细分市场寻找突破口，并逐渐展现出独特优势。例如，五矿证券 在主承销中小微企业支持债券家数和金额两项指标上均位居首位；浙商证券在主承销"一带一路"债券家数指标上名列第一。 具体到科技创新债券领域，券商对科创企业的服务力度持续加码。前三季度，75家券商作为科技创新债券主承销商，合计 承销674只债券，同比增长74.61%；合计金额7051.8亿元，同比增长57.77%。从单家公司的主承销金额来看，有两家公司突破 1000亿元。其中，中信证券以1417.91亿元的金额稳居首位；中 ...

2025.11. 20 本文字数：2955，阅读时长大约5分钟 作者 | 第一财经 陈益刊 化解地方政府债务风险是"十五五"时期财政一大重点工作，近年来地方加快化解地方政府隐性债务风 险，地方债务风险得到大幅缓释，但相关隐患依然值得注意。 11月20日，安徽省财政厅课题组在《中国财政》发表了《新形势下防范化解财政有关风险问题研 究》，该文围绕安徽省基层"三保"、地方政府债务、社保基金三个维度开展潜在风险分析研究，并给 出成因及对策。 文章称，安徽地方政府债务风险总体可控但隐患积聚，如债务增速过快，未来偿债承压等，未来要防 治并举妥善化解政府债务风险，比如统筹整合财政资金、国企盈余、社会资本探索设立省级平准基 金，支持到期债务"过桥"。分类化解平台公司存量债务，隐性债务置换额度分配与转型退出挂钩等。 安徽债务潜在问题一览 在安徽省地方政府债务风险方面，上述文章指出，当地政府债务风险总体可控但隐患积聚。截至 2024年底，全省全口径负债率显著低于全国平均水平、债务率居全国中等水平，但存在一些潜在问 题。其中首要问题是债务增速过快。 而专项债务偿债资金来源，主要由对应项目的政府性基金收入或专项收入、发行专项债券来偿 ...

智通财经APP获悉，中国证券业协会发布2025年前三季度证券公司债券(含企业债券)承销业务专项统 计。2025年前三季度作为绿色债券主承销商(或资产证券化产品管理人)的证券公司共51家，承销(或管 理)137只债券(或产品)，合计金额1090.11亿元；其中，资产证券化产品40只，合计金额496.16亿元。 "一带一路"债券。2025年前三季度作为"一带一路"债券主承销商的证券公司共19家，承销12只债券，合 计金额113亿元。 中小微企业支持债券。2025年前三季度作为中小微企业支持债券主承销商的证券公司共41家，承销50只 债券，合计金额207.7亿元。 民营企业债券。2025年前三季度作为民营企业债券主承销商(或资产证券化产品管理人)的证券公司共56 家，承销(或管理)368只债券(或产品)，合计金额3913.6亿元;其中，资产证券化产品212只，合计金额 1904.01亿元。 地方政府债券。2025年前三季度参与发行地方政府债券的证券公司共69家，合计中标金额3369.54亿 元，合计中标地区31个。 低碳转型债券。2025年前三季度作为低碳转型债券主承销商的证券公司共26家，承销25只债券，合计金 ...

近日，南昌市财政局组织召开全市债务管理工作布置会。市财政局党组书记、局长邓峰主持会议，市财政局党组成员、副局长曾辉，各县 （区）财政部门主要领导参加会议。 会上，邓峰对各县（区）债务管理工作提出了三点要求： 一是提高站位，高度重视。要充分认识到地方政府债券资金对于促进县（区）经济 社会发展的重要性，牢牢把握政策机遇，把债务管理工作作为当前的重要工作抓实抓好。 二是直面问题，攻坚克难。及时掌握债务最新政策 并用活用好，不断提升解决问题的能力，持续做好专项债券项目谋划储备、发行使用以及防范化解债务风险等工作。 三是紧盯目标，扎实推 进。盯紧盯实任务目标，抓准任务推进过程中遇到的痛点难点，切实提出有效解决方案，强化部门协同配合，确保完成全年目标任务。 曾辉对各县（区）2025年地方政府债务管理工作予以肯定，并指出了当前各县（区）存在的不足和短板，对加快专项债券发行使用、防范化解 债务风险等作出细化部署。市财政局债务管理科通报了债务管理有关情况，各县（区）财政部门围绕会议主题依次作发言。 ...

市财政局表示，下一步将持续加强债券资金管理，做好专项债券项目"自审自发"试点工作，加快债券资 金支出进度，尽快形成实物工作量，充分发挥债券资金在强基础、补短板、稳增长、扩投资的重要作 用。（记者 陈泥） 本批债券信用等级为AAA级，55家承销团成员踊跃投标，认购倍数达15.52倍。各期限发行利率分别 是：10年期14亿元，中标利率1.86%；15年期新增债券46.417亿元，中标利率2.24%；15年期再融资债券 5亿元，中标利率2.29%；20年期28.36亿元，中标利率2.34%。 本批次债券的顺利发行，标志着今年我市政府债券发行任务圆满完成。至此，我市全年累计发行政府债 券607.7682亿元，其中新增债券488亿元，再融资债券119.7682亿元。 11月13日，厦门市在中央国债登记结算有限责任公司（北京）发行2025年第六批政府债券93.777亿元。 其中，新增专项债券74.777亿元，再融资债券19亿元。 ...

Core Insights - In the second half of this year, institutions have actively researched and tracked the operational status of listed banks, with 748 institutions conducting 133 investigations into 23 listed banks as of November 13 [1][2] - The focus of these investigations has been primarily on city commercial banks and rural commercial banks, with key areas of interest including net interest margin trends, non-interest income trends, and capital replenishment [1][2] Group 1: Institutional Research - The majority of institutions conducting research on listed banks are fund companies and securities firms, accounting for 53% of the total [2] - Jiangsu Bank emerged as the most popular among institutions, receiving 83 investigations, followed by Chongqing Rural Commercial Bank and Ningbo Bank with 76 and 75 investigations respectively [2] - Ruifeng Bank had the highest number of total investigations at 22 [2] Group 2: Net Interest Margin Trends - Net interest margin has been a focal point for institutions, with some listed banks showing signs of stabilization or slight recovery compared to the previous year [2] - Several banks reported successful measures to reduce funding costs, such as exiting high-cost deposits and enhancing the absorption of low-cost current deposits [3] - Xiamen Bank reported a 4 basis point increase in net interest margin to 1.08% in the first half of the year, with continued stabilization in the third quarter [3] Group 3: Debt Market Analysis - The bond market has shown a volatile trend this year, impacting the investment income of some listed banks, particularly city and rural commercial banks [4] - Banks are focusing on their investment strategies in the bond market, with a cautious approach to market trends and adjustments in trading positions [4] - Shanghai Bank plans to enhance its market analysis capabilities and maintain flexibility in its investment strategies to mitigate risks from market interest rate fluctuations [4] Group 4: Non-Interest Income and Capital Replenishment - Many banks noted changes in non-interest income, particularly in net income from fees and commissions, which have been affected by regulatory requirements on self-managed wealth management [6] - Banks are exploring various methods for capital replenishment, combining internal capital accumulation with external sources to strengthen their capital base [6]

Core Insights - Institutions are actively researching the operational status of listed banks in the second half of the year, with 748 institutions conducting 133 investigations into 23 listed banks, primarily focusing on city commercial banks and rural commercial banks [1][2] Group 1: Institutional Research - The majority of institutions conducting research are fund companies and securities firms, accounting for 53% of the total [2] - Jiangsu Bank is the most popular among institutions, receiving 83 investigations, followed by Chongqing Rural Commercial Bank and Ningbo Bank with 76 and 75 investigations respectively [2] - Ruifeng Bank leads in total investigation counts with 22 [2] Group 2: Net Interest Margin Trends - Net interest margin (NIM) has stabilized for some listed banks, with a slight year-on-year recovery noted [2] - Several banks have reported success in reducing funding costs, which alleviates downward pressure on NIM by exiting high-cost deposits and enhancing low-cost deposit absorption [2][3] - Xiamen Bank reported a 4 basis point increase in NIM to 1.08% in the first half of the year, with continued stabilization in the third quarter [3] Group 3: Debt Market Analysis - The bond market has shown volatility this year, impacting investment income for some banks, particularly city and rural commercial banks [4] - Banks are adjusting their investment strategies in response to market conditions, with a focus on defensive strategies and selective trading opportunities [4] - Shanghai Bank aims to enhance market analysis and maintain flexibility in its investment strategies while managing interest rate risks [4] Group 4: Non-Interest Income and Capital Supplementation - Non-interest income, particularly from fees and commissions, has been affected by regulatory requirements on self-managed wealth management products [5] - Banks are exploring ways to supplement capital through internal accumulation and external sources to strengthen their capital base [5] - Qingdao Bank focuses on standardized fixed-income securities and emphasizes duration management to ensure steady growth in bond investment income [5]