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Is the annualized rate of return on wealth management products taxed?
Wealth management income is not collected. Interest tax was suspended on June 9, 2008, 10, and it is currently tax-free.

Interest income generated by savings deposits before1October 1999 1 1 is not subject to personal income tax;

Personal income tax shall be levied at a reduced rate of 20% on the interest income generated from savings deposits from June 5438+0999 1 1 to August 14, 2007;

Personal income tax shall be levied at the reduced rate of 5% on the interest income generated from savings deposits from August 6th, 2007 to October 8th, 2008/kloc-0.

Personal income tax will be suspended for interest income generated from savings deposits after June 9, 2008 (inclusive).

Personal demand deposits shall be settled once on the 20th of the last month of each quarter. Interest income generated before June 9, 2008 shall be subject to personal income tax at a reduced rate of 5%.