Do I have to pay tax on fund investment income?
Fund investment income is not taxable. China's tax system has rich preferential tax policies for individual investment funds, and individual investment funds do not need to pay any taxes and fees, such as stamp duty, fund capital gains income tax, fund dividend income tax and so on. In fact, when investing in a fund, the fund's income mainly comes from the price difference after the fund is bought and sold and the income after the fund pays dividends. These two items do not need to pay personal income tax or stamp duty.
However, it should be noted that if the investment target in the fund products invested by investors is stocks, then in the case of fund dividends, the fund company will deduct the dividend tax that needs to be paid after stock dividends, and then pay dividends to individual fund investors.
If it is a corporate investor, investment funds need to pay taxes. One is enterprise income tax, and the other is value-added tax. Refers to the enterprise income tax of the difference income obtained by the enterprise's purchase and redemption of funds; Enterprises need to pay value-added tax when transferring funds before the fund expires, and enterprises need to pay value-added tax when purchasing fund income from capital preservation funds.
There is a big difference between fund investment and stock investment. Stock investment should be taxed, mainly including stamp duty and dividend tax. Stamp duty is generally generated at the time of stock trading and collected unilaterally from the seller; Stock dividend tax is often charged according to the holding time. If it is held for less than one month, the tax rate is 20%. If it is held for one month to one year, the tax rate is10%; Those who hold shares for one year or more shall be exempted from dividend tax.