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Do I have to pay taxes on trust products? How to buy?

Now many people will buy some wealth management products. Let's talk about the trust products of trust companies today. Do I have to pay taxes on buying trust products? Learn from the deep space network!

Do I have to pay taxes on trust products?

Trust products purchased from trust companies are subject to VAT; Simple tax calculation method is applicable, and value-added tax is paid at the rate of 3%. According to Article 1 (Caishui [2017] No.56), the taxable behavior of value-added tax (hereinafter referred to as asset management product business) occurred in the process of asset management product management by the asset management product manager (hereinafter referred to as the manager) is temporarily subject to the simple tax calculation method, and the value-added tax is paid at the rate of 3%.

What is an asset management product?

Asset management products, including bank wealth management products, fund trusts (including collective fund trusts and single fund trusts), property rights trusts, publicly offered securities investment funds, specific customer asset management plans, collective asset management plans, directional asset management plans, private investment funds, debt investment plans, equity investment plans, stock-debt combined investment plans, asset support plans, portfolio insurance asset management products and old-age security management products.

Is there a handling fee for trust products?

As a profit-oriented financial institution, trust companies naturally charge related fees when operating and managing trust wealth management products. Trust fees are determined according to the investment objects, and the amount of fees charged by various trust wealth management products and the objects charged are different. The related management fees of fixed-income trust wealth management products are generally collected from the financier (borne by the trust property) and have nothing to do with investors. The expected trust network income of the client in the trust contract is a fairly fixed net profit and wealth income. The related expenses of securities investment trust wealth management products (Sunshine Private Placement), although the expenses of such trust wealth management products are also borne by the trust property, are highly related to the relationship with investors, because the ultimate interest of investors is the balance of the trust property after deducting all related expenses.