China’s tax policy shift comes amid economic slowdown
Edited By WION Video Desk
Published: Aug 05, 2025, 13:14 IST | Updated: Aug 05, 2025, 13:14 IST
China has announced it will begin taxing interest income from newly issued government and financial institution bonds, ending a decades long tax exemption. Starting August 8, a 6 percent value added tax will apply to bonds issued by central and local governments, as well as banks and other financial institutions.
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