According to the inquiry of accounting net, China, according to Item 3 of Article 1 of the Provisions on Relevant Matters Concerning the Pilot Project of Changing Business Tax to VAT (Caishui [2065438+06] No.36, Annex 2), the transfer of financial commodities refers to the business activities of transferring the ownership of financial commodities such as foreign exchange, marketable securities and non-commodity futures. The VAT rate for the transfer of financial commodities is 6%, and the levy rate applicable to small-scale taxpayers is 3%. The time when the obligation to pay value-added tax on the transfer of financial goods occurs is the day when the ownership of financial goods is transferred. Special VAT invoices shall not be issued for the transfer of financial commodities, but general VAT invoices shall be issued in full. For the transfer of financial commodities, the balance after deducting the purchase price from the sales price is regarded as the sales amount, and the balance after the transfer of financial commodities is regarded as the sales amount. The accounting treatment of financial commodity transfer should set up the value-added tax payable for financial commodity transfer under the subject of "tax payable", and the credit balance at the end of the period should be listed in the item of "tax payable" in the balance sheet.