The new private equity regulations and the additional personal income tax for LPs have triggered heated discussions in recent days.,News about the sharp increase in the tax burden of private equity LPs is spreading rapidly,aroused heated discussions among all parties。What changes have occurred in relevant tax policies? How much impact will it have on the venture capital circle and the private equity fund industry? Private equity sources said,Zhejiang has not yet adjusted its,Once adjusted,May be detrimental to the development of the venture capital industry。
In the past, some local governments used to attract investment,Personal tax will be charged at a rate of 20%,In some areas, it is even as low as 15%,Now it is clear that limited partnership private equity funds individual LP (ie limited partner,Usually investors) should refer to the progressive tax rate of 5%-35% for individual industrial and commercial households.。
Regarding whether private equity institutions will uniformly apply a progressive tax rate of 5% to 35%,State Administration of Taxation、Local tax authorities, fund industry associations and other departments have not yet issued relevant official documents or notices.。 It will be very troublesome if you have to pay back income tax for past years.,He suggested that relevant departments may suspend tax adjustments for private equity funds.,Otherwise, it will cause a very unfavorable situation for the venture capital industry and innovation and entrepreneurship.。
At this stage,Thunderstorm in P2P、Against the background of the downturn in the secondary market,The environment facing venture capital is very severe,In addition, Zhejiang has suspended the industrial and commercial registration of private equity funds in large areas.,If you want to pay back taxes, they will be taxed progressively from 5% to 35%.,This industry may be even worse。
petrochemical、coal、The PB (price-to-book ratio) valuations of banks and other sectors are all at historical bottom ranges,Currently, it is generally in the range of around 1 times the price-to-earnings ratio.,And its own performance is mostly stable and there are even some varieties with upward breakthroughs.,Even considering the pessimistic environment,The room for future decline is also relatively limited.。 Now we have reached the exciting "golden period of layout",Excellent companies are extremely valuable when valuations are cheap.。
Sunshine Ogilvy learned about some private equity institutions,We will continue to be optimistic about the good business climate of the industry in September.、The current valuation safety margin is sufficient。
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