Legal subjectivity:

Yes. Interest payments on bank loans are not deductible items for VAT, so special VAT invoices cannot be issued, only ordinary VAT invoices can be issued. "Provisions on Matters Relevant to the Pilot Program of Replacing Business Tax with Value-Added Tax" stipulates in Article 1, Paragraph 4, Item 7: "To deduct the price from the entire price and extra-price expenses, the pilot taxpayer shall obtain a tax certificate that complies with laws, administrative regulations and the provisions of the State Administration of Taxation. Valid vouchers. Otherwise, no deduction will be allowed." It also lists six valid vouchers such as "Invoices shall be used as legal and valid vouchers for payments made to domestic entities or individuals." Legal objectivity:

Article 6 of the "Enterprise Income Tax Law of the People's Republic of China" The income obtained by an enterprise from various sources in monetary and non-monetary forms shall be the total income. Including: (1) Income from the sale of goods; (2) Income from the provision of labor services; (3) Income from the transfer of property; (4) Income from equity investments such as dividends and dividends; (5) Interest income; (6) Rental income; (7) Royalty income; (8) Income from donations; (9) Other income. Article 2 of the "Individual Income Tax Law of the People's Republic of China" The following personal income shall be subject to individual income tax: (1) Income from wages and salaries; (2) Income from remuneration for labor services; (3) Income from author remuneration; (4) Income from royalties; (5) operating income; (6) income from interest, dividends, bonuses; (7) income from property leasing; (8) income from property transfer; (9) incidental income. When a resident individual obtains the income from Items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income), personal income tax shall be calculated on a consolidated basis in the tax year; when a non-resident individual obtains the income from Items 1 to 4 of the preceding paragraph, the personal income tax shall be calculated on a monthly or itemized basis. Calculate personal income tax. When taxpayers obtain income from Items 5 to 9 of the preceding paragraph, their personal income tax shall be calculated separately in accordance with the provisions of this Law.