The car loan is in the name of the company, and the personal account of the legal person is also paid monthly, and the interest invoice is issued in the name of the company. Can an enterprise deduct income tax interest? The car loan is in the name of the company, and the personal account of the legal person is also paid monthly. The interest invoice is issued in the name of the company, and the enterprise can deduct the income tax interest.

First of all, it should be clear that the invoice is issued by the company, the loan is under the company's name and the vehicle is owned by the company. Therefore, vehicles can be accounted as fixed assets of the company, and loan interest can be charged as company expenses.

Enterprise income tax is a tax levied on the production and operation income and other income of domestic-funded enterprises and business units in China. The object of enterprise income tax is the income obtained by taxpayers. Including sales of goods, provision of services, transfer of property, dividends, interest, rent, royalties, donations and other income. The interest income of corporate bonds belongs to interest income and should be taxed.

legal ground

People's Republic of China (PRC) enterprise income tax law

Thirty-first venture capital enterprises engaged in venture capital that the state needs to support and encourage can deduct the taxable income according to a certain proportion of the investment. Article 6 The income in monetary form and non-monetary form obtained by an enterprise from various channels shall be the total income. Including:

(1) Revenue from the sale of commodities;

(2) Income from providing labor services;

(3) Income from property transfer;

(four) dividends, bonuses and other equity investment income;

(5) Interest income;

(6) Rental income;

(7) Royalty income;

(8) Receiving donation income;

(9) Other income. Article 12 The amortization expenses of intangible assets calculated by an enterprise in accordance with regulations shall be deducted when calculating taxable income.

Amortization expense deduction shall not be calculated for the following intangible assets:

(1) Intangible assets whose self-development expenses have been deducted when calculating taxable income;

(2) Self-created goodwill;

(3) Intangible assets unrelated to business activities;

(4) Other intangible assets that cannot be deducted from amortization expenses. Article 19 When a non-resident enterprise obtains the income specified in the third paragraph of Article 3 of this Law, the calculation method of its taxable income is as follows:

(1) Income from dividends, bonuses and other equity investments, as well as interest, rent and royalties, shall be regarded as taxable income in full;

(2) For the income from the transfer of property, the taxable income shall be the balance of the net value of the property after deducting all expenses;

(3) For other income, the taxable income shall be calculated by referring to the methods specified in the preceding two paragraphs.