Guarantee institutions are subject to filing management and are exempt from VAT policy. Eligible guarantee institutions should go to the local county (city) competent tax authorities and the management department of small and medium-sized enterprises at the same level to perform the prescribed filing procedures, and enjoy the 3-year VAT exemption policy from the date of completing the filing procedures. After the 3-year tax exemption expires, eligible guarantee institutions can continue to enjoy this policy after going through the filing formalities according to the prescribed procedures.

Judging from the above information, enterprises provide guarantees for other units or individuals, and the guarantee income belongs to the current VAT taxation scope. According to Article 6 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Value-added Tax Policy for Leased Fixed Assets (Caishui [20 1 7] No.90),1October 20 18 to1February 20 19 to 3/Kloc-0. If the re-guarantee contract corresponds to multiple original guarantee contracts, all the original guarantee contracts shall be exempted from VAT. Otherwise, the re-guarantee contract shall pay VAT as required. In line with the relevant provisions of Document No.90, the value-added tax shall be exempted according to law.