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🌹【August 12 Morning News Highlights】
$BNB
1. Yesterday, to implement the relevant requirements of the People's Bank of China and further simplify the investment process for overseas central bank-like institutions, the Central Government Bond Registration and Settlement Co., Ltd. decided to no longer require overseas central bank-like institutions to provide a commitment letter for signing agreements starting today. The central settlement company will continue to strengthen the construction of national financial infrastructure, ensure safe and efficient operations, deepen core service capabilities, and better serve the market and customers.
2. The Ministry of Finance and the State Administration of Taxation have publicly solicited opinions on the (Implementation Regulations of the Value-Added Tax Law of the People's Republic of China (Draft for Comments)). The Ministry of Finance and the State Administration of Taxation have publicly solicited opinions on the (Implementation Regulations of the Value-Added Tax Law of the People's Republic of China (Draft for Comments)). They aim to refine and clarify tax system elements such as taxpayers and taxable scope as stipulated in the Value-Added Tax Law; clarify the scope related to exported goods, cross-border sales services, and intangible assets as stipulated in the Value-Added Tax Law; provide detailed explanations for applicable rules involving multiple tax rates and collection rates; and specify related provisions concerning the taxable amount as stipulated in the Value-Added Tax Law, including the methods for deducting input tax, deduction rules, and the scope of non-deductible input tax.