Futures companies will not levy business tax on dividend income from stock investment for the time being, but will levy business tax on transfer income from stock transfer. When calculating the income from stock transfer, the turnover shall be the balance of the transfer income minus the purchase price.
The purchase price is determined by the balance of the purchase price of stocks and bonds MINUS the dividend income of stocks and bonds obtained during the holding period.
Item (8) of Article 3 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance of People's Republic of China (PRC) on Some Policy Issues concerning Business Tax (Caishui [2003] 16) stipulates that the turnover of financial enterprises (including banks and non-bank financial institutions, the same below) engaged in the business of buying and selling tickets and bonds is the balance after the selling price is deducted from the buying price of stocks and bonds.
According to the provisions of the financial accounting system, the purchase price of stocks and bonds is determined by subtracting the balance from the dividend income of stocks and bonds obtained during the holding period.
Extended data:
Species introduction
Brokerage agency
There are many kinds of commission agents, such as futures commission agent (FCM), introduction broker (IB), commodity trading consultant (CTA), commodity joint venture fund manager (CPO), brokerage agent (AP), floor broker (FB), etc., which are relatively common in the world.
broker
Regardless of its name, scale and business scope, its basic functions are to represent the interests of non-exchange members, issue trading orders on behalf of customers, collect and manage customer performance bonds, manage customer positions, and provide detailed trading records and accounting records.
Deliver market information, provide market research reports, serve as trading consultants for customers, train customers in futures and options trading and formulate trading strategies, and also deliver goods on behalf of customers. Some commodity trading consultants, commodity joint venture fund managers, recommendation brokers and floor brokers can be hired to work for them.
Trading consultant
Directly or indirectly provide advice to others on whether to trade futures, how to trade futures, fund management, etc. Indirect suggestions include supervising the trading of customer accounts or making suggestions through written publications or other newspapers.
Joint venture manager
Manage the raised funds and use them for Qian Shengqian futures trading. They personally analyze the market, formulate trading strategies and give orders directly.
introducing broker
Seek or accept customer trading instructions for futures commission brokers or commodity joint venture fund managers, and buy and sell commodity futures or options. Only the introduction fee is charged, and no customer deposit or commission is charged.
Reference source: Baidu Encyclopedia-Futures Company