20 17, 12, 1 to 20 19, 12, 3 1, and the interest income obtained by financial institutions from granting small loans to farmers, small enterprises, micro enterprises and individual industrial and commercial households shall be exempted from value-added tax.
Two, the national student loan interest income is exempt from value-added tax.
Interest income from national student loans obtained by financial institutions is exempt from VAT.
Three. Interest income from state bonds and local government bonds is exempt from value-added tax.
The interest income of national debt and local government debt obtained by taxpayers is exempt from VAT.
Four, the people's Bank of China loan interest income of financial institutions shall be exempted from value-added tax.
The People's Bank of China is exempt from value-added tax on loan interest income obtained from loans of financial institutions.
Five, housing provident fund personal housing loan interest income is exempt from value-added tax.
The interest income of individual housing loans issued by the housing provident fund management center with the housing provident fund in the designated entrusted bank shall be exempted from value-added tax according to regulations.
Six, foreign exchange loan interest income is exempt from value-added tax.
In the process of engaging in the operation of national foreign exchange reserves, foreign exchange management departments entrust financial institutions to issue interest income from foreign exchange loans, and are exempted from value-added tax according to regulations.
Seven, unified loan and unified repayment interest income shall be exempted from value-added tax.
In the unified borrowing and unified repayment business, the interest charged by the enterprise group or the core enterprises within the enterprise group and the financial companies affiliated to the group to the subordinate units within the enterprise group is not higher than the loan interest rate paid to financial institutions or the coupon rate level of bonds paid.
Eight, financial interbank interest income is exempt from value-added tax.
Interest income from financial interbank transactions exempted from VAT includes:
(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.
Nine, the interest income of farmers' microfinance obtained by microfinance companies is exempt from value-added tax.
20 17, 10 to 20 19, 12, 3 18 interest income of farmers' small loans obtained by provincial financial management departments (financial offices, bureaus, etc.). ) exempt from value-added tax.