Securities investment funds include tax 1 and business tax: business tax is levied on the difference income of trading funds of financial institutions; Business tax is not levied on the difference income of trading fund shares of non-financial institutions;
Securities investment funds include tax 2. Stamp duty: temporarily exempted;
Tax included in securities investment funds. Income tax: the difference income obtained from the trading of fund shares by enterprise investors should be incorporated into the taxable income of enterprises and enterprise income tax should be levied. Enterprise income tax will not be levied on the bond price difference income obtained by enterprise investors from fund distribution for the time being.
The taxes payable by individual investors of securities investment funds are:
The tax payable by individual investors is 1, and the stamp duty is temporarily exempted;
Taxes payable by individual investors. Income tax: the difference income obtained by individual investors buying and selling fund shares is temporarily exempted until the personal income tax is resumed;
Individual income tax shall be exempted for dividends, dividend income and corporate bond interest income obtained by individual investors from fund distribution.
Income tax will be levied only after the debt interest income, personal savings deposit interest income and stock price difference income of individual investors are resumed;
Individual income tax shall be levied on individual investors for the differential income of corporate bonds obtained from fund distribution, and the tax shall be withheld and remitted by the fund according to law.
Relevant regulations
1, 1998, Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Taxation of Securities Investment Funds (Caishuizi 199855).
(1) Individual income tax will not be levied on the difference income obtained by individual investors from buying and selling fund shares until the individual income tax on the difference income from buying and selling stocks is resumed; The difference income obtained by enterprise investors from buying and selling fund shares should be incorporated into the taxable income of enterprises and subject to enterprise income tax;
(2) The dividends, bonus income and interest income of corporate bonds obtained by investors from fund distribution, listed companies and bond issuing enterprises withhold and pay 20% of personal income tax when distributing dividends, bonuses and interest to the fund, and the fund does not withhold and pay personal income tax when distributing dividends, bonuses and interest to individual investors;
(3) Income tax will not be levied on the debt interest, savings deposit interest and stock trading price difference income obtained by investors from fund distribution for the time being, and will be levied after the debt interest income, personal savings deposit interest income and personal stock trading price difference income are restored;
(4) Individual income tax shall be levied on individual investors for the differential income of corporate bonds obtained by individual investors from fund distribution, and the tax shall be withheld and remitted by the fund according to law; Enterprise income tax will not be levied on the bond price difference income obtained by enterprise investors from fund distribution for the time being.
2. On August 22, 2002, the Ministry of Finance and State Taxation Administration of The People's Republic of China issued the Notice on Tax Issues Concerning Open-end Securities Investment Funds, giving the following preferential tax policies to open-end securities investment funds approved by the China Securities Regulatory Commission:
(1) Individual income tax will not be levied on the difference income obtained by individual investors from purchasing and redeeming fund shares until the individual income tax on the difference income from buying and selling stocks is resumed;
(2) When dividends, bonus income, bond interest income and savings deposit interest income obtained by the Fund are paid to the Fund, 20% of personal income tax will be withheld and remitted by listed companies, bond issuing enterprises and banks; Individual income tax and enterprise income tax will not be levied on the income obtained by investors (including individual and institutional investors) from fund distribution.