When a company borrows money from an individual, the maximum interest paid shall not exceed four times the interest rate of similar loans from banks (including the principal interest rate). Beyond this limit, the excess interest will not be protected. As for how to pay, it can be calculated according to the specific situation of the company (the current interest rate of the bank is fixed (one year or two years). If the bank adjusts the interest rate several times a year, should it be calculated in stages?)

Attachment: According to the Supreme People's Court's Opinions on People's Courts Handling Loan Cases:

The interest rate of private lending can be appropriately higher than the bank's interest rate, and the local people's courts can specifically grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed four times (including interest rate) of similar bank loans. Beyond this limit, the excess interest will not be protected.

The interest rate equivalent to the same period of the bank can be deducted before tax. The excess cannot be deducted. Then the excess part can also be included in the financial expenses when making accounts at ordinary times, but should this part be regarded as tax increase when reporting enterprise income tax?

Yes

If an individual does not have an invoice issued by the local tax bureau, but issues a receipt by himself, can it be recorded? Some people say that as long as our company has withheld and remitted personal income tax, his own receipt can also be recorded, right?

Yes Individuals are only required to pay personal income tax.

According to the Supreme People's Court's Opinions on the Trial of Loan Cases by People's Courts:

The interest rate of private lending can be appropriately higher than the bank's interest rate, and the local people's courts can specifically grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed four times (including interest rate) of similar bank loans. Beyond this limit, the excess interest will not be protected.

The interest rate equivalent to the same period of the bank can be deducted before tax. The excess cannot be deducted. Then the excess part can also be included in the financial expenses when making accounts at ordinary times, but should this part be regarded as tax increase when reporting enterprise income tax?

Yes

If an individual does not have an invoice issued by the local tax bureau, but issues a receipt by himself, can it be recorded? Some people say that as long as our company has withheld and remitted personal income tax, his own receipt can also be recorded, right?

Yes Individuals are only required to pay personal income tax.