The interest tax is 5%, and the unit only needs to withhold and remit the tax when calculating the interest payment, and then declare it monthly like personal income tax and pay the tax on time.

However, it should be noted that the loan interest shall not exceed the bank interest in the same period, and the income tax shall be adjusted for the excess.

Extended data:

Interest tax is a tax levied on people who earn interest income in Hong Kong. The scope of taxation includes the interest earned on bonds, real estate pawns, mortgage IOUs, deposits, loans, temporary payments or other debts in Hong Kong, and all of them are taxed according to regulations unless otherwise exempted. There are two ways to determine the source of interest: providing credit check and operating check.

The former is applicable to the determination of business and personal interest sources, that is, the source of interest is determined according to the place where the lender delivers the loan to the borrower; The latter applies to the determination of interest sources of banks and financial institutions, that is, according to the place where transactions are made and substantial profits are obtained.

China's interest tax began in 1950, and the Interest Income Tax Regulations promulgated in that year stipulated that the deposit interest income tax was 10% (later reduced to 5%), and the interest tax was stopped in 1959.

1 999165438+10/According to the Decision on Amending the Individual Income Tax Law of People's Republic of China (PRC) issued by the 11th meeting of the Ninth NPC Standing Committee, the tax rate is 20%, and it will be changed from August 15, 2007.

References:

Baidu encyclopedia-interest tax