The biggest advantage of taking the asset management product manager as the taxpayer of asset management VAT is that it is simple and feasible. The confirmation of value-added tax payers of asset management products does not affect the confirmation of asset management income tax taxpayers.
Income tax account of asset management products. Asset management products themselves are not taxpayers of income tax, and partnership funds and corporate funds have been excluded in the case that asset management products are simply taxed. Therefore, the asset management products that simply levy value-added tax are mainly tax channels for income tax such as contracts.
Income tax account of asset management product manager. Asset management product managers mainly include company type and limited partnership type. Enterprise managers should incorporate the income from asset management services into enterprise income and pay income tax. If the manager takes the form of partnership, the management service income shall be paid by each partner in accordance with the principle of "distribution first and then tax payment".
Investor income tax subject. Investors of asset management products are the main payers of income tax. If the investor is an enterprise legal person, he will get income from the asset management products and pay enterprise income tax. Those who can enjoy tax exemption shall enjoy it according to relevant regulations. Investors are individuals and should pay personal income tax according to regulations, but many of them still need to be clarified.
The collection of value-added tax on asset management products and the confirmation of taxpayers do not affect the income tax collection mechanism and the confirmation of taxpayers. However, the taxation of asset management products will also have a certain impact on income tax, mainly including: trust companies, fund companies and other managers have issued ordinary invoices for income that does not belong to the company and declared value-added tax, and their invoiced income and declared value-added tax income will be significantly different from income tax income. After standardizing the value-added tax management of asset management products, many people are worried that the next step is the personal income tax management of investment asset management products. Is there any change in the income attribute of the investment income with VAT in the middle?
Second, the issue of bank loan interest invoices
Taxable acts of value-added tax occurred during the operation of asset management products, with the asset management product manager as the value-added tax payer; If interest income is obtained by using assets of asset management products to issue loans, value-added tax shall be paid according to "loan business". Theoretically, managers of trust companies, fund companies, asset management companies, etc. , you should declare and pay VAT from 1 this year, and at the same time, you should issue an ordinary VAT invoice to your next home.
After the comprehensive reform of the camp, financial enterprises such as banks are already VAT taxpayers, and interest VAT invoices should be issued when providing loan services. However, due to various reasons, banks and other institutions in some provinces have refused to issue ordinary interest invoices so far. This poses a new challenge to the tax authorities. Trust companies have issued ordinary invoices (not their own interest), fund companies have also issued them, and even asset management companies have also issued them. It seems a little unreasonable that the bank is no longer open. How to balance these bowls of water is a realistic problem before the tax authorities.
3. How does the value-added tax of asset management product payment business interface with income tax mixed investment?
State Taxation Administration of The People's Republic of China Bulletin 13. 4 1 The "fake shares" that meet the five conditions stipulated in the income tax treatment of mixed investment business of enterprises can be judged as "real debts" in income tax according to the fact that substance is more important than form. In practice, there are almost no "fake stocks" that fully meet the five conditions. Grass-roots tax authorities have also fallen into a passive situation of "there is no basis and pressure to relax, but there is great pressure not to let go".
After the asset management products are subject to the value-added tax, it seems that this dilemma has been solved and it will shine brilliantly. "The trust company paid the value-added tax according to the loan service, and I got the interest invoice of the loan. What makes you say that this is equity investment, why not let me deduct it before income tax? " Faced with the relatively simple value-added tax policy of "capital preservation is loan", should we stick to income tax or give it up appropriately? This is another big problem of income tax management.