There is no need to pay personal income tax when buying trust products. Only the interest dividends generated by the trust products will be calculated and paid according to the interest dividend income.

According to Article 2 of the "Individual Income Tax Law of the People's Republic of China", the following personal income shall be subject to personal income tax:

(1) Income from wages and salaries;

(2) Income from remuneration for labor services;

(3) Income from royalties;

(4) Income from royalties;

( 5) Income from operations;

(6) Income from interest, dividends, and dividends;

(7) Income from property leasing;

(8) Income from property transfer;

(9) Accidental income.

If a resident individual obtains the income from Items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income), personal income tax shall be calculated on a consolidated basis in the tax year; if a non-resident individual obtains the income from Items 1 to 4 of the preceding paragraph, Personal income tax is calculated on a monthly or itemized basis. Taxpayers who obtain income from Items 5 to 9 of the preceding paragraph shall calculate personal income tax respectively in accordance with the provisions of this Law.

Extended information:

Calculation of taxable income in Article 6 of the "Individual Income Tax Law of the People's Republic of China":

(1) Residents The comprehensive income of an individual is the taxable income, which is the balance after deducting RMB 60,000 in expenses, special deductions, special additional deductions and other deductions determined in accordance with the law from the income in each tax year.

(2) For wages and salaries of non-resident individuals, the balance after deducting RMB 5,000 in expenses from the monthly income shall be the taxable income; income from remuneration for services, income from author remuneration, and royalties Income, the amount of each income is the taxable income.

(3) Business income shall be the taxable income after deducting costs, expenses and losses from the total income in each tax year.

(4) If the income from property leasing does not exceed 4,000 yuan per time, 800 yuan of expenses will be deducted; if the income exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be Taxable income.

(5) For income from property transfer, the taxable income shall be the balance of the income from the transferred property minus the original value of the property and reasonable expenses.

(6) For interest, dividends, bonus income and incidental income, the amount of each income shall be the taxable income.

Baidu Encyclopedia - Personal Income Tax Law of the People's Republic of China