Do I need to pay taxes on my wealth management income? Do you need to pay personal income tax for financial management?
Whether the income from wealth management needs to pay personal income tax depends on what kind of wealth management products investors choose. The actual situation is different, and its tax rules are different. Taking the following common financial management as an example, the analysis is as follows:
1, bank deposit
Interest on bank deposits is tax-free. According to China's relevant regulations, interest on bank deposits is not taxable. Usually, as long as we deposit money in the bank, we can get some interest income. The "interest tax" stipulated by the state actually refers to the interest, dividends and bonus income of individual income tax, and there is no need to pay taxes.
2. Buy government bonds
The interest earned from the purchase of government bonds is not subject to personal income tax, and it also belongs to the scope of enterprise income tax exemption. Debt interest income refers to the interest income obtained from the national debt issued by the financial department of the State Council, and a certain interest tax is levied on this income. According to the regulations of the State Council, no matter whether enterprises or individuals buy government bonds, they don't need to levy interest tax on government bonds, so the coupon rate of government bonds is the real interest that investors can get after the products expire.
3. Financial products
Because there are many kinds of wealth management products, it is necessary to choose whether to pay personal income tax according to the actual situation. Some wealth management products are taxed. Investors can check the introduction details of wealth management products before financing, which are generally marked. Or investors who won't read it, you can consult the relevant financial manager.
Step 4 buy stocks
There are two main sources of stock income. One is that investors get the difference income by selling high and sucking low. The other is to gain income by participating in stock dividends of listed companies. After participating in the stock dividend, the income from selling stocks shall be taxed, which shall be calculated according to the investor's shareholding time.
The criteria are as follows:
If the shares held are less than 1 month (including 1 month), individual income tax will be levied on the dividends obtained by investors at the rate of 20%; Personal income tax shall be levied on the dividends obtained by investors at the rate of 1 0% if they hold shares for more than 1 month and are less than 1 year (inclusive); If you hold shares for more than one year, the dividends received by investors are exempt from personal income tax.
5. Investment funds
The income generated by investment funds is not taxable. At present, China's tax policy has certain preferential tax policies for individual investment funds, which basically do not need to be paid.