What are the preferential tax policies for investment companies?

Legal analysis: the policy is mainly aimed at the original obligee. Previously, the industry believed that the enthusiasm of issuing REITs at the level of the original obligee was less than expected, which led to the current promotion of public offering REITs being less than expected, and the tax cost may be one of the important factors. At present, the supporting tax policy is a new choice to support REITs as a way to stabilize the asset shortage under the background of increasing economic demand and decreasing risk-free interest rate, which is in line with the reality of China's current economy and financial market.

Legal basis: Enterprise Income Tax Law of People's Republic of China (PRC).

Article 9 If the public welfare donation expenditure incurred by an enterprise is within 12% of the total annual profit, it may be deducted when calculating the taxable income; The part exceeding the total annual profit 12% is allowed to be deducted when calculating the taxable income within three years after carry-over.

Article 10 When calculating taxable income, the following expenses shall not be deducted:

(1) Dividends, bonuses and other equity investment income paid to investors;

(2) enterprise income tax;

(3) tax late fees;

(four) fines, fines and confiscation of property losses;

(5) Donation expenditures other than those specified in Article 9 of this Law;

(6) sponsorship expenditure;

(7) Unapproved reserve expenditure;

(eight) other expenses unrelated to income.