The value-added tax rate for industries such as gaming may need to be increased? Experts say there is no credibility.

Recently, there have been rumors circulating on some online platforms about adjusting the value-added tax rates in industries such as gaming and finance. It was mentioned that the finance industry and internet value-added services may face a tax rate increase, and the tax rate for the gaming industry could possibly be raised from 6% to 32%. Are these rumors that have attracted the attention of some netizens true? A journalist interviewed authoritative experts and industry insiders on the 3rd and found that these rumors are not true. As of January 1, 2026, the "Value-Added Tax Law of the People's Republic of China" and the "Implementing Regulations of the Value-Added Tax Law of the People's Republic of China" will be implemented simultaneously. Experts say that the finance and tax departments have recently issued several announcements about value-added tax policies, mainly to better implement the value-added tax law and ensure the coherence of the tax system after legislation. There are clear regulations on applicable tax rates for industries such as gaming and finance, enhancing policy certainty and stability. "In fact, after the value-added tax legislation, the tax rates for industries related to value-added tax have been specified. The finance and tax departments have recently issued multiple announcements, and there have been no adjustments to the value-added tax policies for the gaming and finance industries. The above rumors are not true," said an industry insider. This industry insider also mentioned that the rumors on the internet also stated that the tax rate for the gaming industry would be "raised from the 6% bracket to the 32% bracket." However, in reality, the current value-added tax law in China clearly states that the highest value-added tax rate is only 13%, and the 32% bracket does not exist, further indicating that the rumors are not credible.