To help fund management enterprises accurately grasp the core changes introduced by the new Value-Added Tax Law (effective January 1, 2026), consolidate their tax compliance foundation, and improve tax management efficiency, Guizhou Qiansheng Equity Investment Fund Management Co., Ltd. invited Xintao Ma, Head of Tax Audit Department II at Chungrui Guizhou Office, to deliver a specialized training session on "Comparison of the New and Old VAT Laws and Practical Key Points" on the afternoon of August 21, 2026. Personnel from the fund's finance, risk control, and post-investment management departments attended the training and engaged in in-depth exchanges on tax pain points, policy transition, and practical operations in the fund industry.

The training centered on the core differences between the new and old VAT laws across six major dimensions: taxpayers and taxable transactions, tax rates and levy rates, the timing of tax liability, and the computation of tax payable, together with long-term asset management. Combined with business scenarios such as fund management fees, performance compensation, and investment exits, the trainer deconstructed practical operational difficulties and identified tax risks during the transition period.

An interactive Q&A session was also arranged, during which practical advice was provided on tax questions arising in the enterprise's actual business, helping participants quickly grasp the key points of the new rules, facilitating policy transition, and reinforcing the foundation of tax compliance management. Participants expressed that the training was closely aligned with the actual business of the fund industry, clarified the key points of policy transition between the new and old laws, and effectively enhanced their ability to manage tax risks. In the future, Chungrui Guizhou Office will continue to track developments in the VAT Law and its supporting policies, launching more industry-specific and customized tax courses and solutions to accompany enterprises on their path of compliant and steady growth with professional, rigorous, and efficient services.