This provision clearly explains some provisions of the tax bureau on the fund industry "Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on comprehensively pushing forward the pilot project of changing business tax into value-added tax" (Cai Shui [2016] No.36).

For example, these two services:

1. According to Article 1 of the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on Defining the Value-added Tax Policy for Finance, Real Estate Development and Educational Auxiliary Services (Caishui [2065 438+06] 140No.), the capital preservation fund stipulates: sales services, intangible assets and real estate (Caishui [2065438+06] 3544.

2. The fund is held to maturity.

According to the Notice on Defining the Value-added Tax Policy for Financial Real Estate Development, Education and Auxiliary Services (Caishui [2065 438+06] 140), "2. Taxpayers purchase assets management products such as funds, trusts and wealth management products and hold them until their maturity, which does not belong to the Notes on Sales Services, Intangible Assets and Real Estate (Caishui [20/KLOC-)