The taxes of institutional trading funds mainly include business tax, stamp duty and income tax. The difference income of fund managers using funds to buy and sell stocks and bonds shall be exempted from business tax. Stamp duty on securities (stocks) transactions is levied at the rate of 1‰, and stamp duty on buying transactions is no longer levied. The income obtained by the fund from the securities market, including the price difference income from buying and selling stocks and bonds, dividend income from equity, interest income from bonds and other income, will not be subject to enterprise income tax for the time being; For the dividend income, bond interest income and savings deposit interest income obtained by the Fund, listed companies, bond issuing enterprises and banks withhold and remit 20% of personal income tax when paying the above income to the Fund. In addition, when withholding personal income tax from dividends distributed by the fund from listed companies, the withholding agent shall calculate the taxable income at 50%. Fund (English: Fund) is a reserve of funds or a special appropriation for starting, maintaining or developing a certain cause. Broadly speaking, funds are the collective name of institutional investors, including trust investment funds and unit trust funds.