Interest income The interest income recognized by the accounting enterprise (finance) includes the interest income of various loans (syndicated loans, trade financing, discounted cash loans, agreed overdrafts, credit card overdrafts, refinancing, advances, etc.). ), capital transactions with other financial institutions (central banks, peers, etc.). ) and purchase financial assets for resale.
On the balance sheet date, the enterprise shall debit the interest receivable determined according to the contract interest rate, credit the interest income determined according to the amortized cost and the actual interest rate, and debit or credit the loan interest adjustment and other subjects according to the difference.
Interest income VAT rate
After the reform of the camp, the interest charged by enterprises actually belongs to financial services, and the VAT rate applicable to financial services is 6%, so the tax rate of loan interest is also 6%.
Taxpayers who accept loan services shall not deduct the input tax. 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.
After a financial enterprise issues a loan, the value-added tax will be levied on the interest receivable and unpaid within 90 days from the interest settlement date according to the current regulations, and the value-added tax will not be levied on the interest receivable and unpaid after 90 days from the interest settlement date, and the value-added tax will be levied according to the regulations when the interest is actually received.