On June 22, Beijing Fund Town and PWC jointly organized a webcast and released the “Fund Taxation Practical Manual” prepared by both parties.

This is China's first tax practical manual specially prepared for fund industry, which is used to improve financial management level and tax efficiency of the fund institutions, promote compliance, steady development of the fund industry.

In recent years, China has promulgated a series of regulations and policies to regulate the taxation supervision of asset management products. How to implement tax policies, operate legally and fully enjoy policy dividends has become a key issue for practitioners in fund industry. For the actual needs of fund's financial work, Beijing Fund Town and PWC jointly compiled the “Beijing Fund Town’s Fund Taxation Practical Manual” (2020 version).

The manual collates relevant tax regulations and policy documents, interprets different tax policies, contains typical cases and tax treatment analysis. It can be used as a "Practical Guide" for fund institutions.

On live broadcast, PwC's managing partner Kang Jie explained different taxation policies involving funds, managers and investors, analyzed the characteristics, advantages and existing problems of several common structures of partnership private equity investment funds and its difficulties in fund operation process.

Executive of Beijing Fund Town said that she hopes the “Fund Taxation Practical Manual” will allow more fund institutions to gain profits, improve managing quality, efficiency and ability,  and promote the “Compliance, integrity, professionalism, stability” development of fund industry.