Announcement on VAT levied on products

Release Time:

2017-12-29 00:00

Shanghai Dingfeng Asset Management Co., Ltd. about its private equity fund

Announcement of VAT levied on products

According to the Ministry of Finance and the State Administration of Taxation jointly issued the "Notice on Clarifying the VAT Policy of Finance, Real Estate, Education Auxiliary Services" (Finance [2016]140), the "Ministry of Finance, the State Administration of Taxation on VAT related Issues of Asset Management Products" (Finance [2017]56) and other provisions, Since January 1, 2018, the operation of asset management products needs to pay VAT, and the simple tax calculation method is applicable, and the tax is paid in accordance with 3%.

In accordance with the relevant requirements of national tax laws and regulations, if there is a VAT taxable act in the operation of the private fund products managed by the Private fund Manager, which makes the Private Fund manager become a VAT taxpayer, the VAT and additional taxes and other related taxes arising from the VAT taxable act of the private fund shall be borne by the fund assets. VAT arising from the Manager's own business shall continue to be borne by the Manager.

It is hereby announced.

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