When the Fund distributes dividends, bonuses and interest to individual investors, it will no longer withhold and remit personal income tax. This is the obvious difference between funds and stocks in taxation, and it is also the origin of income tax exemption promoted by funds. In addition, according to the current tax regulations, individual income tax is not levied on the difference income obtained by individual investors buying and selling stocks or fund units, but corporate income tax is levied.

Investment stocks, non-guaranteed funds and wealth management products are no longer subject to VAT. The website of the Ministry of Finance recently issued the "Notice on Defining the Value-added Tax Policy for Financial Real Estate Development, Education and Auxiliary Services", saying that the non-guaranteed investment income obtained during the holding period (including maturity) of financial goods is not interest or interest income, and no value-added tax is levied.

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According to Liu Jianwen, director of Peking University Finance and Tax Law Research Center, the Ministry of Finance has made it clear that value-added tax will not be levied on non-guaranteed wealth management products, which is the result of comprehensive consideration of various factors such as the current development direction of the financial industry, the international development trend and the current downturn in the capital market. This is good news for investors.

Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, also told the Beijing News reporter that the Ministry of Finance's move is intended to break the traditional pattern of banks' rigid payment of wealth management products, and encourage banks and other financial institutions to innovate and develop non-guaranteed wealth management products to meet the diversified needs of investors and form a differentiated risk portfolio.

Phoenix. Com- large inventory of tax-free wealth management products

Phoenix. Com- Ministry of Finance: Value-added tax is no longer levied on investment income such as stocks and wealth management products.