1. According to the Notice of the Ministry of Finance on Defining the Value-added Tax Policy for Financial Real Estate Development, Education and Auxiliary Services in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) (Caishui [20 16] 140), the notes on sales services, intangible assets and real estate (Caishui [20 16]36),
Refers to the investment income that is clearly promised in the contract that the due principal can be fully recovered. The non-guaranteed income obtained during the holding period (including maturity) of the above-mentioned financial commodities does not belong to interest or interest income, and no value-added tax is levied.
2. According to Article 5 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Promoting the Pilot Project of Changing Business Tax to Value-added Tax (Caishui [2016] No.36): Notes on sales services, intangible assets, real estate and financial services. Financial services refer to the business activities of financial insurance. Including loan services, direct charging financial services, insurance services, financial commodity transfer and loan services.
Loan refers to the business activities of lending funds to others to obtain interest income. All kinds of income from occupying and borrowing funds, including interest (guaranteed income, remuneration, capital occupation fee, compensation, etc.). ) Income during the holding period of financial commodities (including maturity), bill interest and interest income, penalty interest, bill discount, lending and other businesses are subject to value-added tax according to loan business.
Extended data:
Guaranteed income wealth management products and non-guaranteed income wealth management products
The income of guaranteed income-based wealth management products is fixed, and the income stipulated in the agreement can only be obtained after it expires, otherwise it is not guaranteed. Capital preservation wealth management products belong to low-risk wealth management. Guarantee and floating indicate that banks bear different risks. There will be a promise from the bank in the agreement that no matter what happens, the bank will ensure that the customer can get back all the principal when it expires.
Non-guaranteed type is divided into guaranteed floating income wealth management products and non-guaranteed floating income wealth management products. Financial products with guaranteed capital and floating income refer to financial products in which the bank guarantees the payment of the principal to the customer according to the agreement, the investment risks other than the principal are borne by the customer, and the actual income of the customer is determined according to the actual investment income, and vice versa.
The issuer of wealth management products with non-guaranteed income does not promise that the wealth management products will achieve positive income, and the income may be zero, and the products with non-guaranteed income may even have negative income. The risk of capital preservation floating income in general banks is second only to the risk of savings, and it is the best choice for stable customers who pursue stable income.