No.36 document stipulates that ordinary VAT invoices should be issued for the interest of bank loans that have been added to the camp.

For general VAT taxpayers, the loan interest expense cannot be deducted from the input tax.

According to the provisions of the "Implementation Measures for the Pilot Reform of Business Tax to Value-added Tax", taxpayers may not deduct the input tax when accepting loan services. At the same time, taxpayers who accept loan services and pay the lender investment and financing consulting fees, handling fees, consulting fees and other expenses directly related to the loan shall not deduct the input tax from the output tax.