Loan interest income is subject to VAT.
Provisions on matters related to the pilot project of changing business tax to value-added tax: loan service, with all interest and interest-bearing income obtained from providing loan service as sales. The general taxpayer's VAT rate is 6%, and the small-scale taxpayer's levy rate is 3%. General taxpayers cannot deduct the input tax of special invoices for value-added loan interest expenses.
What is the general VAT rate for loan services?
According to the document of State Taxation Administration of The People's Republic of China on the full implementation of the reform of the camp, loan services belong to the financial industry, and all taxpayers who get the income from loan services are taxpayers who should pay value-added tax. The VAT rate applicable to general taxpayers is 6%, and the VAT collection rate for small-scale taxpayers is 3%.
Loan service.
Loan refers to the business activities of lending funds to others to obtain interest income.
All kinds of income from occupying and borrowing funds, including interest (including capital preservation income, remuneration, capital occupation fee, compensation, etc.). During the holding period of financial commodities, the interest income from credit card overdraft, interest income from buying and selling financial commodities back, interest income from margin financing and securities lending, interest income from leaseback after financing, bill discount, lending and other businesses shall be subject to VAT according to the loan business.
Financing sale and leaseback refers to the business activities that the lessee sells assets to enterprises engaged in financing sale and leaseback business for the purpose of financing, and the enterprises engaged in financing sale and leaseback business lease assets to the lessee.
Fixed profits or guaranteed profits collected from monetary fund investment shall be subject to value-added tax according to loan services.
The loan interest income is 6.5438+0.8 million. How to calculate the VAT?
The loan interest income is 6.5438+0.8 million, and the value-added tax is calculated according to the loan interest at the rate of 6%.
1, and the tax rate refers to the general taxpayer. After the service industry reform, the general taxpayer's tax rate is 6%, that is, the tax is paid at 6%. The collection rate refers to small-scale taxpayers, and the collection rate of small-scale taxpayers in service industry is 3%, that is, taxes are paid at 3%.
2. If the taxpayer is a general taxpayer after the camp reform, the tax calculation method is: tax payable = output tax-transferred input tax. If it is a small-scale taxpayer after the reform, the tax calculation method is: tax payable = sales income (excluding tax) 3%.
3. General taxpayers choose to issue special VAT invoices. Small-scale taxpayers choose to issue ordinary VAT invoices.
Interest income VAT rate
When borrowing between enterprises, the interest earner shall pay VAT and additional tax. The corporate VAT rate of general taxpayers is 6%, and the VAT rate of small-scale taxpayers is 3%. Interest income refers to the income that an enterprise provides funds to others for use but does not constitute equity investment, or that others occupy enterprise funds, including deposit interest, loan interest, bond interest, debt interest and other income. Interest income, according to the date of interest payable by the debtor as agreed in the contract, confirms the realization of income.
What is the interest VAT rate?
After the reform of the camp, the interest charged by enterprises actually belongs to financial services. The applicable VAT rate for financial services is 6%, and the VAT rate for small-scale taxpayers is 3%. Taxpayers who accept loan services shall not deduct the input tax. At the same time, taxpayers who accept loan services and pay the lender investment and financing consulting fees, handling fees, consulting fees and other expenses directly related to the loan shall not deduct the input tax from the output tax. After a financial enterprise issues a loan, the value-added tax will be levied on the interest receivable and unpaid within 90 days from the interest settlement date according to the current regulations, and the value-added tax will not be levied on the interest receivable and unpaid after 90 days from the interest settlement date, and the value-added tax will be levied according to the regulations when the interest is actually received. Unless otherwise stipulated in Items 1, 2 and 5 of this article, the tax rate of taxpayers selling labor services and intangible assets in Item 3 of Article 2 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC) is 6%. Twelfth small-scale taxpayers value-added tax collection rate of 3%, unless otherwise stipulated in the State Council.