(Issued by the Ministry of Finance and the State Administration of Taxation on December 21 2016 and effective as of May 1 2016 (with the exception of Article 17).)
(财政部、国家税务总局于二零一六年十二月二十一日发布，除第十七条规定的政策外，其他均自二零一六年五月一日起执行。)
财税〔2016〕140号
Circular on Clarifying the Value-added Tax Policy on Finance, Real Property Development, Educational Support Services and Others
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
Managers of asset management products shall pay VAT.
By Susan Mok