Legal analysis: for investors of private equity funds, after the fund gains income, the necessary costs and taxes (fund manager's management fee, bank custody fee, agency fee, business tax, etc.) are deducted. ), it gets the net income of the fund. According to the general practice, 20% of this net income is extracted from fund management, which is called performance pay, and part of it is called floating management fee (the annual management fee is called fixed management fee). The remaining 80% will be distributed by all investors in proportion. If it is a limited partnership PE fund, the partnership does not need to pay income tax. The general partner's tax is based on the tax payment method of individual industrial and commercial households, that is, the cumulative tax rate of 5%~35%. At present, limited partners generally charge at the tax rate of 20%.

Legal basis: Article 465 of the Civil Code of People's Republic of China (PRC). Contracts established according to law are protected by law. A legally established contract is legally binding only on the parties, except as otherwise provided by law.