- Recent rumors about VAT increases for financial and internet industries are unfounded, according to tax experts.
- The only confirmed VAT rate change is for telecom services (mobile data, SMS, broadband), increasing from 6% to 9% starting January 1, 2026.
- No VAT rate adjustments are planned for financial, gaming, or other internet sectors.
- The telecom VAT change may impact company revenues and profits.
Source: finance.caixin.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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