Private placement fund refers to a securities investment fund that raises funds from specific investors in a non-public way and invests in securities. Private equity funds are raised by means other than mass communication, and promoters set up investment funds to invest in securities by collecting funds from non-public multi-subjects. Generally speaking, all economic activities in our country need to pay a certain degree of tax. Its investment consulting and enterprise management consulting should belong to the consulting services of modern service industry, and the VAT rate is still 6%. Income tax rate of private equity funds Due to the different organizational forms of private equity funds, the tax issues at the fund level are also different. Income from securities trading or securities trading by private equity funds of enterprises shall be taxed in accordance with the provisions of the enterprise income tax law, and income tax shall be calculated according to the income from property transfer and interest, with the tax rate of 25%. The preferential tax policy for private equity funds is 1. Article 26 of the Enterprise Income Tax Law stipulates that the following income of an enterprise is tax-free income: (1) debt interest income; (two) dividends, bonuses and other equity investment income between qualified resident enterprises. Article 82 of the Regulations for the Implementation of the Enterprise Income Tax Law stipulates that the debt interest income mentioned in Item (1) of Article 26 of the Enterprise Income Tax Law refers to the interest income obtained by enterprises holding government bonds issued by the financial department of the State Council. Article 83 stipulates that dividends, bonuses and other equity investment income between eligible resident enterprises mentioned in Item (2) of Article 26 of the Enterprise Income Tax Law refers to the investment income obtained by resident enterprises directly investing in other resident enterprises. Dividends, bonuses and other equity investment income mentioned in Item (2) and Item (3) of Article 26 of the Enterprise Income Tax Law do not include the investment income obtained by resident enterprises who have continuously held shares that are publicly issued and circulated for less than 12 months. 2. Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Exemption from Income Tax on Interest of Local Government Bonds (Caishui [2013] No.5) stipulates: (1) The interest income of local government bonds issued in 20 12 and later by enterprises and individuals shall be exempted from enterprise income tax and personal income tax. (2) Local government bonds refer to bonds issued and repaid by the governments of provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning with the approval of the State Council. Therefore, the income from equity investment such as debt interest income, local government bond interest income, dividends and bonuses obtained by fund management companies from foreign investment belongs to tax-free income. 3. The enterprise income tax policy of securities investment funds can be implemented according to the following provisions: Article 2 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Several Preferential Policies for Enterprise Income Tax (Caishui [2008] 1No.) stipulates that the preferential policies to encourage the development of securities investment funds: (1) The income obtained by securities investment funds from the securities market includes the price difference income from buying and selling stocks and bonds, dividend income from equity and bonds. (2) No enterprise income tax is levied on the income obtained by investors from the distribution of securities investment funds. (3) No enterprise income tax will be levied on the difference income of securities investment fund managers who use funds to buy and sell stocks and bonds. 4. Article 1 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Tax Issues Concerning Open-end Securities Investment Funds (Caishui [2002] 128) stipulates that the funds raised by issuing funds do not fall within the scope of business tax collection, and business tax is not levied. Article 2 With regard to the provisions on income tax, individual income tax will not be levied on the difference income obtained by individual investors from purchasing and redeeming fund shares for the time being, but will be levied after the difference income from individual stock trading resumes; The difference income obtained from the purchase and redemption of fund shares by enterprise investors shall be incorporated into the taxable income of enterprises, and enterprise income tax shall be levied. The Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on the Tax Policy of Securities Investment Funds (Caishuizi [2004] No.78) stipulates that since June 5438+1 October1day, managers of securities investment funds (closed-end securities investment funds and open-end securities investment funds) will continue to be exempted from business tax and enterprise income tax on the difference income from buying and selling stocks and bonds. Private equity funds need to pay VAT, and its tax rate is 6%. I hope the above introduction can help you. Thank you for reading.

Legal objectivity:

Individual Income Tax Law of the People's Republic of China

second

The following personal income shall be subject to personal income tax:

(1) Income from wages and salaries;

(2) Income from remuneration for labor services;

(3) Income from remuneration;

(4) Income from royalties;

(5) Operating income;

(6) Income from interest, dividends and bonuses;

(7) Income from property lease;

(8) Income from property transfer;

(9) Accidental income.

Interim Measures for the Supervision and Administration of Private Investment Funds

essay

Engaged in private fund business, should follow the principles of voluntariness, fairness, honesty and credibility, safeguard the legitimate rights and interests of investors, and shall not harm the interests of the state and the public.