Agricultural Bank of China Ltd Class A

601288: XSHG (CHN)

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Impact of New Tax on Bond Interest Income Is Mild for China Banks

Iris Tan

Aug 7, 2025

China will reinstate a 6% value-added tax on interest income from treasury bills, local government bonds, and financial institution notes issued after Aug. 8. These had been exempt since 2016.

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Agricultural Bank of China Ltd Class A

Impact of New Tax on Bond Interest Income Is Mild for China Banks

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