There are also purchased passenger services, loan services, catering services, residents' daily services and entertainment services. Nor can it be deducted from the input tax.
The bank loan interest paid by the general taxpayer in the bank loan shall not be deducted from the input tax. Annex/KLOC-0 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Promoting the Pilot Reform of Business Tax to VAT (Caishui [20 1 6] No.36): Implementation Measures for the Pilot Reform of Business Tax to VAT: Article 27 The input tax of the following items shall not be deducted from the output tax: (6) Purchase of passenger transportation services, loan services, catering services, daily services of residents and entertainment services.
The purchase of loan services cannot be deducted from the input tax, which is a special case of the "chain" tax system for the pilot reform of the camp. Mainly based on the current value-added tax policy, the deposit interest charged to depositors who accept deposit services is not included in the scope of value-added tax collection and management, that is, deposit services are not subject to value-added tax. Because deposits, as the most basic and important financial behavior in the economy and society, involve a wide range, if value-added tax is levied on them, the social impact will be great, and the tax burden will be transferred to the last link through the value-added tax chain, and most of its undertakers are the people, affecting the vital interests of the broad masses of the people. At the same time, the "reform of the camp" should not only open up the deduction chain and reduce the tax burden of various industries, but also ensure the stability of the national fiscal revenue.
Therefore, in the deposit and loan business, the state has formulated a policy that the loan interest shall not be deducted from the input tax by means of macro-control.
Providing loan services requires tax, but purchasing loan services does not require tax.