Whether the fund income needs to pay VAT depends on whether the fund is guaranteed. If the fund is guaranteed, the income obtained should be calculated and paid as "loan service", and the general taxpayer should apply the tax rate of 6%; If the fund is not guaranteed, the income is not interest or interest income, and VAT is not paid.

Relevant regulations: Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Comprehensively Promoting the Pilot Project of Changing Business Tax to Value-added Tax (Caishui [2065438+06] No.36).

Attachment 1 Implementation Measures for the Pilot Project of Changing Business Tax to VAT 1. Loan service.

Loan refers to the business activities of lending funds to others to obtain interest income.

All kinds of income from occupying and borrowing funds, including interest (including capital preservation income, remuneration, capital occupation fee, compensation, etc.). During the holding period of financial commodities, the interest income from credit card overdraft, interest income from buying and selling financial commodities back, interest income from margin financing and securities lending, interest and interest income from financing after-sale leaseback, bill discount, lending and other businesses shall be subject to VAT according to the loan business.

Fixed profits or guaranteed profits collected from monetary fund investment shall be subject to value-added tax according to loan services.

Notice of the Ministry of Finance State Taxation Administration of The People's Republic of China on Defining the Value-added Tax Policy for Financial Real Estate Development, Education and Auxiliary Services (Caishui [2065 438+06] 140)

1. Notes on Sales Services, Intangible Assets and Real Estate (Caishui [20 1 6] No.36) referred to in Item1of Item 5 of Article 1.

"Capital preservation income, remuneration, capital occupation fee and compensation" refers to the investment income that is clearly promised in the contract that the principal due can be fully recovered. The non-guaranteed income obtained during the holding period (including maturity) of the above-mentioned financial commodities does not belong to interest or interest income, and no value-added tax is levied.

2. The taxpayer's purchase of asset management products such as funds, trusts and wealth management products and holding them until maturity does not belong to the transfer of financial commodities as mentioned in Item 4 of Item (5) of Article 1 of the Notes on Sales Services, Intangible Assets and Real Estate (Cai Shui [2016] No.36).