according to the notice of the Ministry of finance of State Taxation Administration of The People's Republic of China on tax policies of microfinance companies (caishui [217] No.48), from January 1, 217 to December 31, 219, the interest income of farmers' microfinance loans obtained by microfinance companies approved by provincial financial management departments (financial offices, bureaus, etc.) will be included in the total income at 9% when calculating the taxable income.