Customize the characteristics of Public Offering of Fund:

As a form of outsourcing, customized Public Offering of Fund has been accepted by more and more fund companies and banks. On the surface, customized Public Offering of Fund has several characteristics. The first is that the raising time is very short, and the second is that the number of subscribers is often only a fraction more than the lower limit of 200. The types of customized products tend to be diversified, not limited to bond products, and some fund companies are still planning to issue fixed and mixed products. The term is generally 1-3 years.

Customize Public Offering of Fund tax avoidance:

From the investor's point of view, its motivation mainly comes from "tax avoidance", which is also an important marketing point for fund companies to expand such business. The following is a customized Public Offering of Fund tax saving scheme provided by a fund company:

Suppose a financial institution invests 2 billion yuan in credit bonds. According to the expected annualized income of 5%, the fund's customized bond offering can save income tax of 25 million yuan and value-added tax of 6 million yuan. According to the asset management fee rate of three thousandths and the custody fee of five thousandths, one * * * is 7 million. In other words, regardless of other costs and fund subscription fees, financial institutions can save about 24 million yuan by customizing Public Offering of Fund.

However, according to the relevant documents and tax explanations issued by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China, there is no legal basis for the argument of evading VAT through public offering of funds. If the fund dividends are exempted from corporate income tax, there are policies to follow, and the purpose of the policy is to encourage investors to make long-term investments with the concept of value investment.

How to collect and exempt income tax and value-added tax?

After the "camp reform", except for some bond types, the remaining bond investments were raised from the original business tax rate of 5% to the VAT rate of 6%. In addition, bank bond investment also needs to pay 25% income tax.

According to the Enterprise Income Tax Law of People's Republic of China (PRC), income obtained by enterprises from various sources in monetary and non-monetary forms, including expected annualized income and interest income from equity investments such as dividends and bonuses, should be taxed.

However, the Notice on Some Preferential Policies for Enterprise Income Tax (Caishui [2008] 1No.) makes it clear that enterprise income tax will not be levied for the time being on the income distributed by investors engaged in securities investment funds.

Generally speaking, income tax is levied on the expected annualized expected income (subscription and redemption) of the fund price difference, but not on the dividends (holdings) of the fund. Therefore, as far as income tax is concerned, the key to saving is dividends.

It is a vague statement that raising funds publicly can avoid value-added tax. Obviously there is no tax exemption.