1. At present, China stipulates that the following situations fall within the scope of temporary non-taxation: individual income tax and enterprise income tax are temporarily not levied on fund distribution income obtained by investors (including individuals and institutional investors); Business tax is not levied on the difference income from the purchase and redemption of fund shares by individuals and non-financial institutions; No stamp duty will be levied on individual trading funds for the time being; Personal income tax will not be levied on the difference income obtained by individual investors from buying and selling funds until the personal income tax on the difference income from buying and selling stocks is resumed. The income from investing in private equity funds belongs to non-guaranteed income, not interest or interest income, and no value-added tax is levied.

2. Capital preservation type and non-capital preservation type.

Capital preservation fund, according to the "Notice of the Ministry of Finance in State Taxation Administration of The People's Republic of China on Comprehensively Promoting the Pilot Project of Changing Business Tax to Value-added Tax" (Caishui [2065438+06] No.36), annex I provides "(5) financial services. 1. loan service "and the notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on defining the value-added tax policy for financial, real estate development and educational auxiliary services (Caishui [20 16] 140), Article 1 stipulates that if an enterprise purchases principal guaranteed fund and explicitly promises in the contract that the due principal can be fully recovered, the fund income will be subject to value-added tax according to the loan service.

For non-principal guaranteed fund, 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 Policies for Finance, Real Estate Development and Educational Auxiliary Services (Caishui [2065 438+06] 140) stipulates that the funds purchased by enterprises are non-principal guaranteed fund, and the non-principal-guaranteed income obtained during the holding period (including maturity) is not interest or interest income, so value-added tax is not paid.

: fund income ① the income obtained by the fund management company from operating the fund assets. This kind of income mainly comes from interest income, dividend income, capital gains, capital appreciation and so on in the operation of fund assets. After deducting the operating expenses of the fund (including the administrator's expenses and the custodian's expenses), the rest is used to sell the securities of the fund. (2) the income obtained by the fund holder from investing in fund securities. Mainly from the fund income distribution and fund securities trading price difference.