Announcement on Value-Added Tax Policies for Interest Income from National Bonds and Other Bonds issued by the Ministry of Finance and the State Taxation Administration.

On August 1st, the Ministry of Finance and the State Administration of Taxation issued a notice regarding the value-added tax policy on interest income from national bonds and other bonds. Starting from August 8, 2025, value-added tax will be reimposed on interest income from national bonds, local government bonds, and financial bonds issued after that date (including the day itself). Interest income from national bonds, local government bonds, and financial bonds issued before that date (including portions issued after August 8, 2025) will continue to be exempt from value-added tax until the bonds mature. The financial bonds mentioned above refer to negotiable securities issued by financial institutions legally established within the People's Republic of China and traded in the national interbank bond market and exchange market, which are used to repay principal and interest as agreed upon and held by financial institutions. This article is excerpted from the official website of the Ministry of Finance; Edited by GMTEight: Chen Xiaoyi.