Notes on Sales Services, Intangible Assets and Real Estate (Caishui [20 1 6] No.36) refers to the capital preservation income, remuneration, capital occupation fee and compensation mentioned in Item1of Item (5) of Article 1, which is the investment income explicitly promised in the contract that the due principal can be fully recovered. The non-guaranteed income obtained during the holding period (including maturity) of the above-mentioned financial commodities does not belong to interest or interest income, and no value-added tax is levied.
Financial products are products designed and issued by commercial banks and formal financial institutions themselves. After investing in relevant financial markets and purchasing relevant financial products according to the product contract, the raised funds will be distributed to investors according to the contract.
Extended data:
According to the different legal relationship between banks and investors
1. Fixed income wealth management products. Commercial banks promise to pay fixed income to investors according to the agreed conditions, and banks bear the investment risks arising therefrom.
2. Non-guaranteed floating income wealth management products. Commercial banks pay investors income according to the agreed conditions and the actual investment income of wealth management business, and do not guarantee the safety of investors' principal.
3. Capital preservation floating income wealth management products. The commercial bank guarantees to pay the principal to the investors according to the agreed conditions, and the risks other than the principal shall be borne by the investors, and the financial plan of the investors' actual income shall be determined according to the actual income.
4. Financial products underwritten by commercial banks. For products sold by commercial banks on behalf of other institutions, commercial banks only charge a fixed underwriting fee and do not bear the risk of products.
References:
Baidu encyclopedia-wealth management products
References:
Baidu encyclopedia-investment income
References:
Baidu Encyclopedia-People's Republic of China (PRC) State Taxation Bureau
References:
Baidu Encyclopedia-VAT