The definition of loan service in Circular 36 is the business activity of lending funds to others to obtain interest income. Interest income of various occupied and borrowed funds, including interest income (capital preservation income, remuneration, capital occupation fee and compensation) during the holding period of wealth management products (including maturity), interest income from credit card overdraft, interest income from buying and selling wealth management products for resale, and interest income from margin financing and securities lending.
As well as the interest and interest income obtained from financing, sale and leaseback, bill negotiation, penalty interest, bill discount, lending and other businesses, are all applicable to the payment of value-added tax on loan services. At the same time, other fixed profits or guaranteed profits collected from monetary fund investment should also be subject to value-added tax according to loan services.
Extended data:
The scope of levying VAT instead of business tax is as follows:
1, collection range
The change from business tax to value-added tax mainly involves transportation and some modern service industries;
Transportation includes: land transportation, water transportation, air transportation and pipeline transportation.
Modern service industries include: R&D and technical services, information technology services, cultural and creative services, logistics auxiliary services, tangible movable property leasing services, and judicial expertise consulting services.
2. The business tax shall be changed to the value-added tax rate.
According to the actual tax burden of business tax in the pilot industries, the VAT rate of land transportation, water transportation, air transportation and other transportation industries is basically between 1 1%- 15%, and the modern service industries such as R&D and technical services, information technology, cultural creativity, logistics assistance and forensic consulting services are basically between 6%-/kloc-0.
In order to keep the overall tax burden of the pilot industries from increasing, two low tax rates, 1 1% and 6%, are selected for the pilot reform, which are applicable to the transportation industry and some modern service industries respectively. ?
Baidu Encyclopedia-VAT