- VAT reinstated on interest income from newly issued government, local government, and financial bonds starting Aug. 8
- Interest income from bonds issued before Aug. 8 remains VAT-exempt until maturity
- Financial bonds refer to securities issued by legally established financial institutions in China, subject to agreed repayments and held by these institutions
Source: news.bloombergtax.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.
