First, the non-guaranteed investment income obtained during the holding period (including maturity) of financial commodities does not belong to interest or interest income, and value-added tax is not levied.
2. After the institutions engaged in financial and insurance business approved by the People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission issue loans, the interest receivable shall pay VAT according to the current regulations within 90 days from the interest settlement date, and the interest receivable shall not pay VAT after 90 days from the interest settlement date, and shall pay VAT according to the regulations when the interest is actually received.
Three, taxpayers to buy funds, trusts, wealth management products and other asset management products held until maturity, does not belong to the "sales services, intangible assets, real estate bills" refers to the transfer of financial goods.
IV. Taxable behavior of value-added tax during the operation of asset management products, and the manager of asset management products is a value-added tax payer.
Extended data:
This move by the Ministry of Finance is in line with international standards. According to international practice, value-added tax is not levied on non-guaranteed wealth management products. After the reform of the camp this year, the Ministry of Finance basically shifted the current business tax practice and gradually eliminated such financial products. Because the income of non-guaranteed wealth management products is difficult to calculate and the risk is relatively large, value-added tax is no longer levied.
The Ministry of Finance has made it clear that non-guaranteed wealth management products will no longer pay value-added tax, which is the result of comprehensive consideration of various factors such as the current development direction of the financial industry, the international development trend and the current downturn in the capital market. This is good news for investors.
China government network-value-added tax policies such as finance, real estate development, education and auxiliary services
Phoenix. Com- Ministry of Finance: Value-added tax is no longer levied on investment income such as stocks and wealth management products.