产业投资基金涉税问题分析

On Tax-related Issues of Industrial Investment Fund

由政府主导的产业投资基金在国内发展较快。在实践中,业界往往强调避免重复征税的重要性,只注意到美国的合伙型股权(产业)投资基金享有税收优惠,却对中国相关税收政策和既有税收规则的差异研究不够,使得部分基金在设立时对税收问题考虑不周。本文梳理了我国产业投资基金的税收政策,分析比较了公司型和合伙型产业投资基金的税负差异,并针对现存的问题提出几点建议,包括:制定针对投资于大中型企业的产业投资基金所得税优惠政策,完善基金税收申报信息管理体系等。

Industrial investment funds led by the government have developed rapidly in China.In practice,the industry often emphasizes the importance of avoiding double taxation,only notices that the partnership equity(industry)investment funds in the United States enjoy tax preferences,but ignores the differences between relevant tax policies and current tax rules in China.Due to the insufficient research on above differences,tax issues are not thoroughly considered when setting up a fund.The paper analyzes tax policies of industrial investment funds,compares the tax burden of industrial investment funds in the form of corporate and partnership respectively,and puts forward relevant suggestions,including formulating income tax incentives of industrial investment funds investing in large and medium-sized enterprises,improving information management system for tax declaration of funds,etc.