China Mobile Faces Higher VAT Rate as Telecom Services Reclassified in China
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China Mobile Ltd. announced that regulatory changes will reclassify its telecom services, effective January 1, 2026. The tax classification will change from "value-added telecommunications services" to "basic telecommunications services," resulting in an increase in the VAT rate from 6% to 9%. This adjustment is expected to impact the company's revenue and profit, prompting caution for investors regarding its securities.
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