With the development of China's financial industry, enterprises can buy more and more financial products, not only traditional bank wealth management products, but also asset management products such as insurance products, trust products, Public Offering of Fund and private equity funds.
Before the reform of the camp, there was actually no unified statement on how to pay taxes on the income from purchasing these wealth management products. However, after the 20 16 camp reform, the value-added tax unified the rivers and lakes, and the tax payment problem of this business has not been solved for the time being. However, the following normative documents were subsequently issued: Notice on Defining Value-added Tax Policies for Financial Real Estate Development, Education and Auxiliary Services (CaishuiziNo. 103). 20 16 140), supplementary notice on issues related to value-added tax policy for asset management products (caishuiNo. 20 172), etc. Only in the treatment of this work has a relatively clear regulation.
The purchase of wealth management products by enterprises mainly involves value-added tax and income tax.
I. value-added tax
For value-added tax, different types of products are different, mainly to distinguish whether wealth management products are guaranteed or not.
1. For capital-guaranteed wealth management products, the income obtained during the holding period is subject to VAT according to "loan service".
2. For non-guaranteed wealth management products, the non-guaranteed income obtained during the holding period is not interest or interest income, and there is no need to pay VAT.
3. The advance transfer of wealth management products belongs to the transfer of financial commodities, and the difference between the selling price and the buying price needs to be deducted, and the value-added tax is paid at the rate of 6% (3% for small-scale taxpayers). If the selling price is lower than the buying price, that is to say, it is sold at a loss, then this negative amount can be carried forward to the next tax period to offset the profits of other transferred financial commodities. If there is still a negative difference by the end of the year, it cannot be carried forward to the next year.
Two. income tax
According to the regulations, except for debt interest income, subsidy income, dividends and public offering funds, enterprises need to pay income tax when purchasing bank wealth management products, private equity funds and trust products.
Of course, it should be noted here that the income tax of an enterprise is not paid according to a single business, but after all businesses are summarized, it is necessary to pay income tax to see if the enterprise has profits. If the profit after summary is negative, no income tax is required.