Annex/kloc-0 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Comprehensively Promoting the Pilot Reform of Business Tax to VAT (Caishui [2065438+06] No.36) of the Ministry of Finance/Notes on Sales Services, Intangible Assets and Real Estate attached to the Implementation Measures for the Pilot Reform of Business Tax to VAT stipulates that:
Financial services refer to the business activities of financial insurance.
Mainly includes the following four aspects:
(1) loan service.
(2) Direct charging financial services.
(3) Insurance services.
(4) Transfer of financial commodities.
1. loan service.
Loan refers to the business activities of lending funds to others to obtain interest income.
All kinds of income from occupying and borrowing funds, including interest (including capital preservation income, remuneration, capital occupation fee, compensation, etc.). During the holding period of financial commodities, the interest income from credit card overdraft, interest income from buying and selling financial commodities back, interest income from margin financing and securities lending, interest income from leaseback after financing, bill discount, lending and other businesses shall be subject to VAT according to the loan business.
Financing sale and leaseback refers to the business activities that the lessee sells assets to enterprises engaged in financing sale and leaseback business for the purpose of financing, and the enterprises engaged in financing sale and leaseback business lease assets to the lessee.
Fixed profits or guaranteed profits collected from monetary fund investment shall be subject to value-added tax according to loan services.
2. Direct charging financial services.
Direct charge financial services refer to the business activities of providing related services and charging fees for financial services such as monetary financing. Including currency exchange, account management, electronic banking, credit card, letter of credit, financial guarantee, asset management, trust management, fund management, financial trading place (platform) management, fund settlement, capital settlement and financial payment.
3. Insurance services.
Insurance service refers to the commercial insurance behavior that the insured pays the insurance premium to the insurer according to the contract, and the insurer assumes the responsibility of paying the insurance premium for the property loss caused by the possible accident agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract. Including life insurance services and property insurance services.
Personal insurance service refers to the insurance business activities with human life and body as the subject matter of insurance.
Property insurance service refers to insurance business activities with property and its related interests as the subject matter of insurance.
4. Transfer of financial commodities.
The transfer of financial commodities refers to the business activities of transferring the ownership of financial commodities such as foreign exchange, securities and non-commodity futures.
The transfer of other financial commodities includes the transfer of various asset management products such as funds, trusts and wealth management products and various financial derivatives.
Second, what is the value-added tax levied on financial services-the experience of the stock market.
As we all know, enterprises need to levy value-added tax, and the value-added tax rates used in different industries are different. Financial services also need to pay VAT. Under normal circumstances, general taxpayers raise the collection rate. Small-scale taxpayers apply the tax rate of 3%. So what are the specific services for levying VAT on financial services?
Business activities that lend money to others to obtain interest income, such as some consumer finance corporate loan services;
2. Direct charge financial services refer to the provision of monetary financing and other financial services, including currency exchange, electronic banking, trust management, fund management and gold.
3. Insurance service: the commercial insurance behavior in which the insured assumes the responsibility of paying insurance money when an insurance accident occurs after insurance;
4. Transfer of financial commodities: including business activities such as foreign exchange and securities transfer.
The above is about the collection and appreciation of financial services. Friends in need can learn about it, hoping to help everyone.
Three. What kind of value-added tax is levied on financial services-the experience of stock market
As we all know, enterprises need to levy value-added tax, and the value-added tax rates used in different industries are different. Financial services are also subject to VAT. Under normal circumstances, general taxpayers who provide financial services are levied at the tax rate of 6%. Small-scale taxpayers apply the tax rate of 3%. So what are the specific services for levying VAT on financial services?
1. Loan service refers to the business activity of lending funds to others to obtain interest income. For example, some small credit loans provided by consumer finance companies now belong to loan services;
2. Directly charged financial services refer to business activities that provide related services and charge fees by means of monetary financing and other financial services, including currency exchange, electronic banking, credit cards, financial guarantees, asset management, trust management, fund management, financial services, fund settlement, etc.
3. Insurance service: the commercial insurance behavior in which the insured assumes the responsibility of paying insurance money when an insurance accident occurs after insurance;
4. Transfer of financial commodities: including business activities such as foreign exchange and securities transfer.
The above is an introduction to the content of value-added tax on financial services. Friends in need can learn about it and hope to help you.
4. What is the applicable tax rate of VAT in financial services?
The value-added tax rate of the financial industry is 6%. Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Comprehensively Promoting the Pilot Project of Changing Business Tax to VAT (Caishui [20 1 6] No.36): Attachment1Implementation Measures of the Pilot Project of Changing Business Tax to VAT: Article 15 VAT Rate: (1) Taxpayers' taxable behavior, except for items (2), (3) and (4) of this article. (3) Providing tangible movable property leasing services at the tax rate of 17%. (4) Cross-border taxable acts of domestic units and individuals, with a tax rate of zero.