I preferential value-added tax

(1) Exempted from VAT

1, 20 17 12 1 91231,and the interest income obtained by financial institutions from granting small loans to farmers, small enterprises, micro-enterprises and individual industrial and commercial households is exempt from value-added tax.

The micro-loan here refers to the loans of farmers, small enterprises, micro-enterprises or individual industrial and commercial households with a single household credit of 6.5438+0 million yuan (inclusive); If there is no credit line, it refers to a loan with a single-family loan contract amount and a loan balance of less than 6,543,800 yuan (inclusive).

2. Interest income from financial interbank transactions.

(1) Financial transactions between financial institutions and the People's Bank of China. Include loans from that people's bank of China to general financial institution and rediscounts from the people's bank of China to commercial banks.

(2) Inter-bank business. Capital accounting transactions between different banks and offices in the same banking system.

(3) Capital transactions between financial institutions. It refers to the short-term (including one year) unsecured financing between financial institutions that enter the national interbank lending market through the national unified interbank lending network with the approval of the People's Bank of China.

(4) Cash transfer between financial institutions.

(5) Financial institutions undertake pledged purchase and resale of financial commodities.

Pledged purchase and resale of financial commodities refers to a short-term financing business in which both parties pledge financial commodities such as bonds as their rights.

(7) Holding policy financial bonds among financial institutions.

Policy financial bonds refer to bonds issued by development and policy financial institutions.