Announcement of the Ministry of Finance and the State Administration of Taxation on Extending the Exemption of Corporate Income Tax and Value-Added Tax for Overseas Institutions Investing in the Domestic Bond Market

This document extends the temporary exemption of corporate income tax and VAT on bond interest income earned by overseas institutions investing in China's domestic bond market from January 1, 2026 to December 31, 2027, excluding interest income effectively connected with a domestic establishment.