Asset management product managers include banks, trust companies, Public Offering of Fund management companies and their subsidiaries, securities companies and their subsidiaries, futures companies and their subsidiaries, private fund managers, insurance asset management companies, professional insurance asset management institutions and endowment insurance companies.
Asset management products, including bank wealth management products, fund trusts (including collective fund trusts and single fund trusts), property rights trusts, public securities investment funds, specific customer asset management plans, collective asset management plans, directional asset management plans, private equity investment funds, debt investment plans, equity investment plans, stock-debt combined investment plans, asset support plans, portfolio insurance asset management products and old-age security management products.
Other asset management product managers and asset management products specified by the Ministry of Finance and State Taxation Administration of The People's Republic of China.
2. When the manager accepts the management services provided by investors or trustees on the entrusted assets and other VAT taxable activities (hereinafter referred to as other businesses) that occur in the manager, he shall pay VAT according to the current regulations.
Three. The manager shall separately calculate the sales amount and payable value-added tax of the asset management product operation business and other businesses. If it is not accounted for separately, the provisions of Article 1 of this Notice shall not apply to the operation of asset management products.
Four. Managers can choose to separately or jointly account for the sales of asset management products and VAT payable.
Five, the manager shall, in accordance with the provisions of the tax period, summarize the declaration and payment of asset management products operation business and other business value-added tax.
Legal basis:
Notice of the Ministry of Finance and 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. The asset management product manager is the VAT taxpayer for the VAT taxable behavior that occurs during the operation of the asset management product.