Ministry of Finance and State Administration of Taxation, Circular on Clarifying the Value-added Tax Policy on Finance, Real Property Development, Educational Support Services and Others
财政部、国家税务总局关于明确金融、房地产开发、教育辅助服务等增值税政策的通知
February 21, 2017 | BY
Susan Mok &clp articlesManagers of asset management products shall pay VAT.
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Issued: December 21 2016
Effective: May 1 2016 (for Article 17, January 1 2017)
Main contents: The manager of an asset management product shall be the payer of value-added tax in respect of value-added tax taxable acts occurring in the course of the operation of the asset management product (Article 4).
Related legislation: Supplementary Circular on Issues Relevant to the Value-added Tax Policy on Asset Management Products, Circular on Comprehensively Launching a Pilot Project for the Levy of Value-added Tax in Place of Business Tax and Implementing Measures for the Pilot Project for Levy of Value-added Tax in Place of Business Tax
Issued: December 21 2016
Effective: May 1 2016 (for Article 17,