"Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Tax Issues of Commodity Futures Trading" has corresponding provisions:

Article 6 The seat occupation fee and annual membership fee charged by the futures exchange, and the one-time seat occupation fee charged by the futures exchange to members according to the prescribed standards belong to the accounts payable of enterprises.

Can not be used as taxable income, no enterprise income tax; The annual membership fee charged by the futures exchange to its members according to the prescribed standards shall be regarded as the operating income of the current year, and enterprise income tax shall be levied in accordance with the provisions of tax laws and regulations.

Relevant laws and regulations in State Taxation Administration of The People's Republic of China's Notice on Taxation of Commodity Futures Trading;

Article 4 Wages of temporary employees of futures brokerage institutions. The expenses paid by futures brokerage institutions for temporary recruitment of staff, whether in the form of commission or in the name of wages, belong to personnel salary expenses.

Taxpayers must deduct taxable wages before tax in accordance with the provisions of tax laws and regulations when filing tax returns at the end of the year. The part that exceeds the local taxable wage standard shall be adjusted when collecting income tax.

Article 5 The problem of loss compensation after the reform of the membership system of the futures exchange. The operating losses that the futures exchange failed to make up according to the provisions of the tax laws and regulations before the implementation of the membership reform can be made up year by year within the remaining period of the pre-tax loss making-up period stipulated by the tax laws and regulations after the implementation of the membership reform.

Do personal futures profits need to be taxed?

1. Individual income tax is not required for the income of retail investors trading futures.

2. Retail futures trading only involves the payment of handling fees, not personal income tax.

Main characteristics of futures

1. The terms and conditions of a futures contract, such as commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place, are established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.

2. The futures contract is concluded under the organization of the futures exchange and has legal effect, and the price is generated by public bidding in the trading hall of the exchange; Most foreign countries adopt public bidding, while our country adopts computer trading.

3. The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.

4. Futures contracts can fulfill or terminate their contractual obligations through the settlement of spot or hedging transactions.

To sum up, we can clearly know that the profits after futures trading do not need to pay personal income tax, but only need handling fees. Moreover, the futures contract is concluded under the organization of the futures exchange, which has legal effect and is guaranteed by the exchange. Private transactions are not allowed.