1. Definition and definition of farmers: What is a farmer is not clearly defined in policy, and the definition of farmers may be different in different regions. This may make it difficult to accurately judge which loans belong to farmers' loans during the implementation process, thus bringing difficulties to the tax collection work of tax authorities.
2. Problems in supervision and verification: Financial institutions need to go through declaration and audit procedures when implementing loan policies to ensure that loans are really used for agricultural production. However, the supervision and verification of the use and authenticity of loans often face challenges. How to ensure the authenticity and transparency of the loan relationship between financial institutions and farmers is a key issue.
3. Audit and management costs: In order to correctly implement this policy, the tax authorities need to verify the declarations of financial institutions to ensure the fairness and rationality of the policy. However, the audit cost will increase the workload of tax authorities and bring additional management costs to financial institutions and farmers.
4. Tax supervision and tax avoidance: Some financial institutions and farmers may use this policy to abuse and avoid taxes, and exempt funds that do not belong to agricultural loans under the guise of farmers' loans. How to strengthen the supervision of loan capital flow and tax compliance is a difficult problem to be considered in implementation.
To sum up, although the implementation of the policy of exempting farmers' loan interest income from value-added tax in financial institutions is helpful to promote agricultural development, it may face this problem in practice. The tax department can revise the policy in time, strengthen supervision and communication, and solve the difficulties in the implementation process.