The stock index futures trading business belongs to the non-commodity futures trading business in the futures business stipulated in the Provisional Regulations on Business Tax and its detailed rules for implementation. Taxpayers engaged in the trading business of financial commodities such as futures, with the balance of the selling price minus the buying price as the turnover, pay business tax according to the tax item of "financial insurance", and do not pay business tax on commodity futures.

It should be noted that futures include commodity futures and non-commodity futures. Non-commodity futures, that is, financial futures, refer to futures contracts with financial instruments as the subject matter. According to the different nature of various contract targets, it can be divided into three categories: interest rate futures, exchange rate futures and index futures. Therefore, the stock index futures trading business belongs to the non-commodity futures trading business stipulated in the Provisional Regulations on Business Tax and its detailed rules for implementation. Taxpayers engaged in the business of buying and selling financial commodities such as futures shall take the balance of the selling price minus the buying price as the turnover and pay business tax according to the tax item of "financial insurance". Commodity futures (including commodity futures and precious metal futures) shall be subject to VAT according to the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Printing and Distributing the Provisions on Certain Specific Issues of VAT (Guo Shui Fa [1993] 154), and

According to the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance of People's Republic of China (PRC) on Certain Tax Exemption Policies for Personal Financial Commodity Trading (Caishui [2009] 11No.), individuals (including individual industrial and commercial households and other individuals) have been engaged in foreign exchange, securities and non-commodity trading since12009.

What are the futures account conditions of stock index?

1. The available balance of the margin account is not less than 500,000 yuan;

Two, have the basic knowledge of stock index futures, through the relevant tests (score not less than 80 points);

(3) Having at least 10 trading days and more than 20 stock index simulation trading records, or having more than 10 commodity futures trading records in the last three years (both are related, as long as one of them is satisfied);

Four, the comprehensive evaluation table score of not less than 70 points;

5. The temporary association has no bad credit record; There are no laws, administrative regulations, rules and business rules of the exchange to prohibit or restrict the trading of stock index futures.

According to the relevant regulations, in any of the following circumstances, it shall not become a customer of a futures brokerage company:

State organs and institutions; Staff of China Securities Regulatory Commission and its dispatched offices, futures exchanges, futures margin depository monitoring institutions and futures industry associations; It is forbidden to enter the securities and futures markets; Units that fail to provide proof documents for account opening; Other units and individuals prohibited from engaging in futures trading as stipulated by the China Securities Regulatory Commission.