私募基金增值税:国际比较与立法选择

VAT of Private Equity Fund:International Comparison and Legislative Choice

私募基金增值税处理是金融服务增值税立法中的一块高地,涉及增值税与资本利得税、所得税的正确区分。美国、欧盟、新加坡的基金税收立法就此有不同的立法对待。适逢《中华人民共和国增值税法(草案)》已经公布并公开征求意见,如何将私募基金增值税处理纳入通盘考量,建议通过国际比较从而作出我国的立法选择。

VAT treatment of private equity fund is an important issue concerning the VAT legislation of financial services,which includes the distinction among VAT,capital gains tax and income tax.Legislations of equity funds are treated differently among United States,EU and Singapore.The drafted version of the PRC VAT Law has been published recently and is open to solicit opinions.It is suggested to make China’s legislative choice through international comparison,especially when deciding how to levy VAT on private equity fund.