1. Personal income tax is not levied on the difference income obtained from buying and selling closed-end fund shares and purchasing and redeeming open-end fund shares at present.
2. Income from fund distribution means that listed companies and bond issuing enterprises withhold and remit personal income tax when distributing dividends, bonuses and interest to securities investment funds, but they do not withhold and remit personal income tax when distributing funds to individual investors. In particular, the spread income of corporate bonds obtained from the issuance of closed-end securities investment funds is taxed when the funds are distributed to individuals.
Therefore, whether it is the traditional fund products purchased or the fund products indirectly purchased with the help of Internet financial platforms such as Yu 'ebao and Licaitong, although the personal income tax is not reflected in the fund issuance income, the fund has actually been withheld from the income of listed companies and bond issuing enterprises. Therefore, when the Fund distributes to individual investors, it will no longer withhold and pay taxes.