China Mobile Limited (00941): Adjustment of the Scope of Value-Added Tax Applicable to Telecommunications Services.
China Mobile (00941) announced that recently, the Ministry of Finance and the State Administration of Taxation of the People's Republic of China issued the "Announcement on Relevant Matters Concerning the Specific Scope of Value-Added Tax Collection" (Ministry of Finance and State Administration of Taxation Announcement No. 9 of 2026), which stipulates that starting from January 1, 2026, within the territory of the People's Republic of China, the business activities of providing mobile data services, SMS and MMS services, and internet broadband access services using fixed-line, mobile networks, satellites, and the internet shall be subject to the tax items adjusted from value-added telecommunications services to basic telecommunications services, with the corresponding value-added tax rate adjusted from 6% to 9%.
China Mobile Limited (00941) announced that recently, the Ministry of Finance of the People's Republic of China and the State Administration of Taxation issued the "Announcement on Specific Matters Regarding the Scope of Value-Added Taxation" (Ministry of Finance and State Administration of Taxation Announcement No. 9 of 2026), which stipulates that starting from January 1, 2026, in the territory of the People's Republic of China, the business activities of providing mobile data services, SMS and MMS services, and internet broadband access services using fixed networks, mobile networks, satellites, and the internet will be subject to a tax rate adjustment from 6% to 9% as the tax category changes from value-added telecommunications services to basic telecommunications services.
This adjustment in the scope of taxable items will have an impact on the group's revenue and profits. The company will adhere to its main responsibilities and industries, strive to strengthen and optimize communication services, computing services, and intelligent services, adhere to a strong network foundation, promote full-stack innovation, deepen lean management and improve quality and efficiency, and accelerate the construction of a world-class technology service enterprise.
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