VAT on Asset Management Products to Be Imposed Soon; Investment;

Attention! VAT on Asset Management Products is About to be Levied; These Changes Affect Your Investments

According to the "Notice on Issues Concerning Value-Added Tax on Asset Management Products" (Circular No. 56), starting from January 1, 2018, VAT will be levied at a rate of 3% on VAT-taxable activities occurring during the operation of asset management products by asset management product managers.