Financial service tax rate
The tax rate for financial services is 6%. Taxpayers pay taxes at the rate of 6% VAT when providing financial services, and small-scale taxpayers pay taxes at the rate of 3%. There are many kinds of financial services, and different financial services will pay different taxes. First of all, we should know what kind of financial services can determine the specific tax to be paid. After the reform of the camp, the value-added tax in the financial industry is the main behavior tax, and the tax amount will be different according to different taxpayers. Taxpayer means that the annual sales of value-added tax for providing financial services exceeds 5 million, and the applicable tax rate is 6%. On the contrary, small-scale taxpayers mean that the annual sales of value-added tax for providing financial services are below 5 million, and the applicable tax rate is 3%. I'm talking about financial value-added tax here, but there are some other taxes related to finance, but this tax rate is not applicable, such as stamp duty and urban construction tax. Financial service refers to the activities that financial institutions use currency transactions to finance valuable commodities and provide benefits and satisfaction for financial participants and customers. According to the contents of the annex of the World Trade Organization, the providers of financial services include the following types of institutions: insurance and related services, as well as all banks and other financial services (except insurance).