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Is the transfer of foreign exchange income by financial enterprises exempt from VAT?
It depends on the exemption of value-added tax from the transfer of foreign exchange income by financial enterprises.

(1) general taxpayer: the transfer of foreign exchange by financial enterprises belongs to the transfer of financial commodities, and the general taxpayer's VAT rate is 6%.

(2) Small-scale taxpayers: the levy rate applicable to small-scale taxpayers is 3% (special VAT invoices cannot be issued, only ordinary invoices can be issued); Small-scale taxpayers whose monthly sales are less than 6.5438+0.5 million yuan can enjoy exemption from value-added tax.

What is the product transfer volume?

Refers to the transfer of ownership of foreign exchange, non-commodity futures, securities, various asset management products and financial derivatives. Taxpayers engaged in the transfer of financial products have the obligation to pay value-added tax on the day when the ownership of financial products is transferred.