According to the document of fiscal number. 20 125 "notice on pre-tax deduction policy of enterprise income tax for loan loss reserve of financial enterprises", the loan assets that are allowed to withdraw loan loss reserve before tax include:

(1) loans (including mortgage, pledge, guarantee and other loans);

(2) Bank card overdraft, discount and credit advances (including bank acceptance bill advances, letter of credit advances, guarantee advances, etc.). ), risk assets with loan characteristics such as import and export bills, interbank lending, and financial lease receivables;

(3) The foreign loans that financial enterprises borrow and assume the responsibility for external repayment include loans from international financial organizations, loans from foreign buyers, loans from foreign governments, unconditional loans from Japan Bank for International Cooperation and mixed loans from foreign governments.

The calculation formula of loan loss reserve allowed for pre-tax deduction by financial enterprises in the current year is as follows:

Loan loss reserve allowed to be deducted before tax this year = loan asset balance allowed to be withdrawn from loan loss reserve at the end of this year × 1%- loan loss reserve balance deducted before tax at the end of last year. If the amount calculated by the financial enterprise according to the above formula is negative, the taxable income of the current year should be increased accordingly.

What items can enterprises deduct before tax?

The items that an enterprise can deduct before tax are reasonable and actual expenses related to income, including costs, expenses, taxes, losses and other expenses, which are allowed to be deducted when calculating taxable income.

1. tax: refers to sales tax and surcharges.

(1) Six taxes and one fee: paid consumption tax, business tax, urban construction tax, resource tax, land value-added tax, export tariff and education surcharge;

(2) Value-added tax is an extra-price tax, which is not included in the scope of tax calculation and cannot be deducted when calculating taxable income.

(3) The property tax, travel tax, land use tax and stamp duty paid by the enterprise have been deducted from the management fee, and are no longer deducted separately as business tax.

2. Other expenditures refer to reasonable expenditures related to the production and operation activities of enterprises except costs, expenses, taxes and losses.

Prompt: Expenses and commissions related to production and operation incurred by the enterprise shall be deducted if they do not exceed the following calculation limits; The excess shall not be deducted.

(1) Insurance enterprises: Property insurance enterprises calculate the limit according to the balance 15% (inclusive, the same below) of all premium income in the current year after deducting surrender premium; The personal insurance enterprise shall calculate the limit according to the balance 10% of the total premium income in the current year after deducting the surrender premium.

② Other enterprises: the limit is calculated by 5% of the income confirmed in the service agreement or contract signed with intermediary service institutions or individuals with legal business qualifications (excluding both parties to the transaction and their employees, agents and representatives, etc.). ).

What reserves can financial enterprises deduct before tax? The reserve here generally refers to the loss reserve, which items are specifically included, so Bian Xiao won't go into details here. You can understand this article through its arrangement in Bian Xiao, and I hope you can take it seriously. Well, that's all for this article. See you next time.