(1) Tax Focus For independent taxpayers like fund companies, it should be the focus of the whole tax inspection: 1. The income obtained by the fund company from issuing funds does not belong to the income category of the fund company itself. According to the provisions of Caishuizi [1998] No.55 and Caishuizi [2002] 128, raise funds by issuing funds. This piece of income itself is not the income of the fund company, so there is no problem of levying enterprise income tax on the fund company. Business tax, enterprise income tax and other related taxes shall be levied on the income obtained by fund managers from fund management activities in accordance with the provisions of the tax law. The income composition of the fund company itself includes: (1) management fee income. Management fee income mainly comes from fixed management fee income and performance commission obtained from management activities such as investment funds, social security funds, enterprise annuities and specific customer assets, and is confirmed on a net basis after deducting special risk reserves where applicable. The fund management fee is accrued according to a certain proportion of the net asset value of the fund, which is the most stable income source of the fund management company, accounting for more than 80% of the total income. Fund management fees are accrued daily and collected from fund assets on a monthly basis. The rate level varies according to different fund products: QDII is generally around 1.85%; Equity or partial stock funds are generally1.5%; Most bond funds are below 1%; The money fund is only 0.33%. (2) Fund sales fee and service fee income. Fund sales fee income refers to the actual subscription fee, subscription fee and redemption fee. Sell or redeem the fund shares of the managed securities investment funds. The sales service fee is the fee charged from the fund assets according to the base and annual rate agreed in the fund contract. The subscription fees of stock funds are mostly 1%- 1.5%, and the redemption rate is about 0.5%, while money funds are generally free of handling fees. In accounting, fund management companies use the total amount method or the net value method. The total amount method is to recognize the total amount of fees collected as income and take the part paid to the agency as expenses. The net amount rule is to recognize income after deducting the fees charged by the agency. In terms of acquisition methods, there are front-end and back-end points. Front-end charges, that is, the sales fees charged by investors when they subscribe for and purchase fund shares. Back-end fees are only charged when investors redeem fund shares. When fund management companies adopt back-end fees, they will adopt different rates according to the time when investors hold fund shares to encourage long-term investment. (3) Interest income and other operating income. Other operating income mainly includes interest income, investment income and investment consultant income. , accounting for a small proportion in the income composition of fund management companies, about 5%. (2) Key points of tax inspection 1. Management fee income is the main source of income for fund companies. In terms of tax policy, fund companies should pay business tax in full according to all management fee income, and pay enterprise income tax as taxable income of enterprise income tax. In the tax inspection, it is important to check whether the fund company confirms the taxable income based on the net amount after deducting the "special risk reserve" and uses it as the basis for paying business tax and enterprise income tax, so there is the problem of underpaying business tax and enterprise income tax. 2. The fee income is mainly the subscription and redemption fee income obtained by fund companies. Open-end fund investors need to pay the subscription and redemption fees to the fund company when purchasing and redeeming funds. However, fund companies need to pay channel fees to various fund sales channels, such as paying certain business expenses to banks and brokers, while obtaining this part of fee income. For example, if someone subscribes to an open-end fund, the fund company will charge a subscription fee of 10000 yuan according to the contract. However, because the fund is issued through the bank's agent, the fund company needs to pay the bank an agent sales fee of 2000 yuan for this subscription fee (this can be calculated by the pen or by the business volume). There are two main problems here: 3. Interest income and other operating income. In the inspection of other income of the fund company, the business tax and enterprise income tax shall be paid in accordance with the provisions for other income such as interest income obtained by the fund company. When fund companies use their own funds to buy and sell (purchase and redeem) their own securities investment funds, their differential income should be declared and paid business tax and enterprise income tax according to regulations, which should be the key points to be paid attention to in tax inspection. However, the fund distribution income obtained by fund companies from these securities investment funds does not need to pay business tax and enterprise income tax.