This opinion applies to domestic and foreign equity investment funds and equity investment fund management enterprises registered in this Municipality.

"Equity investment fund" (hereinafter referred to as "equity fund", also known as PE) refers to a non-securities investment fund established in a non-public way to invest equity in non-listed enterprises and provide value-added services. Equity funds can take the form of corporate system, partnership system and other enterprise organizations according to law.

"Equity investment management enterprise" (hereinafter referred to as "management enterprise") refers to the enterprise that manages and operates equity funds. An operating enterprise may adopt corporate system, partnership system and other forms of enterprise organization according to law.

Two, the equity funds or management enterprises to give the convenience of industrial and commercial registration, qualified equity funds or management enterprises can use the "fund" or "investment fund" in the name of the enterprise.

Three, the partnership equity fund and the partnership management enterprise do not take the income tax as the main body, and adopt the method of "tax first", and the partners pay individual income tax or enterprise income tax respectively.

The individual income tax payable by the partners of the partnership equity fund and the partnership management enterprise shall be withheld and remitted by the partnership equity fund and the partnership management enterprise. Among them, the personal income distributed by the legal entity shall be withheld and remitted by the entity.

Four, the income of individual partners in the partnership equity fund, according to the "interest, dividends, bonus income" or "property transfer income" items, the personal income tax rate is 20%.

5. The dividends, bonuses and other investment income obtained by the partnership equity fund from the invested enterprise belong to the after-tax income of the paid enterprise income tax, which can be directly distributed to the legal person partners according to the partnership agreement, and the enterprise income tax is implemented according to relevant policies.

Six, the general partner of the partnership equity fund, whose behavior meets one of the following conditions, is not subject to business tax:

(a) intangible assets, real estate investment shares, to participate in the income distribution of the donee, * * * bear the investment risk;

(2) Equity transfer.

Seven, the management of internal personnel * * * and the establishment of investment, as well as the management of equity funds to form a relationship between * * * and investment, enjoy the relevant tax policies of this opinion.

Eight, encourage and support equity funds or management enterprises engaged in venture capital business to file in accordance with the Interim Measures for the Administration of Venture Capital Enterprises (Order No.39 of ten ministries and commissions such as the National Development and Reform Commission), and enjoy the support of national preferential tax policies in accordance with Article 31 of the Enterprise Income Tax Law and Article 97 of the Regulations for the Implementation of the Enterprise Income Tax Law.

Nine, the industrial investment fund management enterprises established with the approval of the State Council or the competent department of the state and registered in this city, as well as the management enterprises that meet the following conditions, refer to financial enterprises and enjoy the Opinions on Promoting the Development of Capital Financial Industry (No.2005197) and the Detailed Rules for the Implementation of Opinions on Promoting the Development of Capital Financial Industry (No.2736).

(a) registered in this city;

(2) The equity fund initiated by it is registered in this city, which complies with the relevant provisions of the state, and the accumulated paid-in capital is more than 500 million yuan;

(3) The investment field conforms to the industrial policies of the state and this Municipality.

Ten, to meet the conditions listed in Article 9 of the corporate management enterprises, since the profit-making year, by the local district and county government in the first two years according to the paid enterprise income tax in the district and county part of the full reward, after three years of reward by half.

Eleven, the municipal government to give equity funds or management of enterprises related personnel incentives, exempt from personal income tax.

Twelve, further reform and innovation of the use of government funds, the introduction of market-oriented asset management model and operating mechanism, the establishment of municipal equity investment funds, support and guide social capital to invest in equity funds. Encourage qualified districts and counties to establish their own equity investment funds. Support enterprise annuities and local social security funds to invest in equity funds registered and established in this Municipality in accordance with relevant regulations.

Thirteen, state-owned shares unlisted enterprises, can be initiated as a general partner to set up a partnership equity fund or partnership management enterprise.

Fourteen, encourage commercial banks to set up equity investment fund custody business in this city, carry out M&A loan business, and support them to invest in equity funds by trust in accordance with laws and regulations. Encourage financial institutions such as securities companies, insurance companies, trust companies and finance companies to invest or set up equity funds and direct investment companies in this Municipality according to law. All relevant departments of this Municipality should provide government services in registration, talent introduction, choice of business premises, etc., and give corresponding policy support.

15. Build a PE center building in Financial Street, encourage qualified districts and counties to build PE buildings, attract and gather equity funds and management enterprises in this city to settle in and develop, and provide support with reference to financial enterprises in terms of housing purchase and rental subsidies. All districts and counties and relevant departments should create a good environment for the development of equity funds and management enterprises in terms of office space and government services, and provide corresponding support.

Sixteen, support equity funds registered in Beijing to share the database information of government listed reserve enterprises for free. Excellent listed reserve enterprises in this city give priority to equity funds registered in Beijing. Enterprises in this Municipality that invest in equity funds shall give priority to the cultivation plan of listed reserve enterprises in this Municipality and support their listing in domestic and foreign capital markets.

Seventeen, high-tech enterprises supporting equity funds and their investments are listed in Zhongguancun's share transfer system.

Eighteen, in the office space, do a good job in government services and other aspects to give strong support to the Beijing Equity Investment Fund Association, strengthen its industry self-discipline function. Equity Investment Fund Service Center under Beijing Equity Investment Fund Association provides efficient and convenient "one-stop" service for equity funds and management enterprises. Support the establishment and development of China Equity Investment Fund Association in Beijing.

Nineteen. This opinion has been implemented since June 65438+1October 65438+September 2009. The problems encountered in the implementation process shall be interpreted by the Municipal Finance Office in conjunction with the relevant departments of the municipal government.