Securities companies cannot issue special VAT tickets when paying investor protection funds. Protection fund companies shall, according to relevant information and the classification of securities companies supervised by China Securities Regulatory Commission, determine the specific proportion of protection funds paid by securities companies, and report to China Securities Regulatory Commission for approval, and make annual adjustments. When a securities company prepays the protection fund, it shall calculate the amount of the protection fund payable according to the operating income of the first half or the whole year and the approved payment ratio, and submit the protection fund prepayment declaration form, interim financial report or annual financial report to the protection fund company.