uncertain.

Whether an individual's income from purchasing different financial products should be subject to personal income tax should be analyzed in detail based on the specific circumstances of the different financial products.

According to the relevant documents of the China Banking Regulatory Commission, individuals purchasing such bank financial products are independent financial investment behaviors, and banks only provide investment consulting services.

It is determined that the income from financial management belongs to the income category among the classified income stipulated in the Personal Income Tax Law and relevant regulations to exempt personal income tax.

Relevant legal provisions: 1. The provisions of the "Notice of the Ministry of Finance and the State Administration of Taxation on Taxation Issues of Securities Investment Funds" (Caishuizi [1998] No. 55): 1. The price difference income obtained from the purchase and sale of fund units shall not be treated as an individual's purchase and sale of stocks.

Personal income tax will not be levied temporarily until personal income tax is resumed on the price difference income; 2. Dividends and bonus income from stocks and interest income from corporate bonds obtained by investors from fund distribution will be borne by listed companies and companies that issue bonds.

When the fund distributes dividends, dividends, and interest, 20% personal income tax will be withheld and paid. When the fund distributes dividends, dividends, and interest to individual investors, personal income tax will no longer be withheld and paid; 3. On the interest on government bonds and savings received by investors

Personal income tax will not be levied on deposit interest and stock price difference income until income tax is resumed on government bond interest income, personal savings deposit interest income, and personal stock price difference income; 4. Corporate bond price difference income received by individual investors shall be

Personal income tax is levied on individual investors in accordance with tax laws.

2. "Notice of the Ministry of Finance and the State Administration of Taxation on Personal Income Tax Policies on Interest Income from Securities Transaction Settlement Funds of Individual Investors in the Securities Market" (Caishui [2008] No. 140) stipulates that starting from October 9, 2008, the securities market will

Interest income from securities transaction settlement funds obtained by individual investors is temporarily exempt from personal income tax. That is, interest income from securities transaction settlement funds of individual investors in the securities market after October 9, 2008 (including October 9) is temporarily exempted from personal income tax.

levy personal income tax.

When an individual obtains trust product income, personal income tax shall be levied according to the items of "interest, dividends, and bonus income".