Can bank handling fees be deducted from input tax?

The special value-added tax invoices for handling fees issued by the bank can be deducted, but the interest paid by the enterprise to the lender for accepting loan services and the Investment and financing advisory fees, consulting fees, handling fees and other expenses directly related to a loan shall not be deducted from the input tax.

"Notice of the Ministry of Finance and the State Administration of Taxation on Comprehensively Launching the Pilot Program of Replacing Business Tax with Value-Added Tax" (Caishui [2016] No. 36): Appendix 2 "Provisions on Matters Related to the Pilot Program of Replacing Business Tax with Value-Added Tax" Point 5 of Article 2 (1) stipulates that for investment and financing consulting fees, handling fees, consulting fees and other expenses directly related to the loan paid by taxpayers to the lender for accepting loan services, the input tax shall not be included in the output tax. Medium deduction.

Can input tax be deducted for loan services?

The input tax for loan service expenses incurred by general taxpayers cannot be deducted.

1. The Interim Regulations and Implementation Rules stipulate that taxpayers use purchased goods or taxable services for non-taxable items, tax-free items, collective welfare or personal consumption, and In case of abnormal losses, the input tax shall not be deducted from the output tax. However, since the specific use of the goods or taxable services cannot be determined at the time of purchase, the input tax for the purchased goods or taxable services is often calculated from the output tax for the tax period to which the purchase belongs. However, when these behaviors that should not deduct the input tax from the output tax occur, accounting treatment should be made such that the input tax cannot be deducted. This requires that within the tax period in which these acts occur, the input tax on goods or taxable services that should not be deducted must be calculated and deducted from the input tax in the current period. Specifically, the following situations should be distinguished.

2. Used for fixed assets under construction, collective welfare or personal consumption. Purchased goods or taxable services used for fixed assets under construction are not accounted for in the "construction in progress" account. Taxpayers spend on building repairs, decorations, etc. even if they should not be included in the "construction in progress" account. Accounted for in the "project" account, the purchased goods or taxable services included in the expenditure are also used for fixed assets under construction under the tax law. Similarly, even if the purchased goods or taxable services used for collective welfare and personal consumption are not accounted for in the "wages payable", "welfare fees payable" or "surplus reserves" accounts, the input tax cannot be deducted from the output tax. Medium deduction.

3. Abnormal losses. The input tax on purchased goods or taxable services used for abnormal losses of goods in progress and finished goods has generally been deducted in previous tax periods. After a loss occurs, it is generally difficult to verify when the lost goods were purchased in the past. The original purchase price and input tax cannot be accurately determined. Therefore, the principle introduced in Example 25 should be followed, that is, the non-deductible input tax should be calculated based on the actual cost of the goods. The actual cost of lost products or finished goods consumed in outsourced goods or taxable services needs to be calculated with reference to the company's current cost data.

4. Used for tax-free items and non-taxable items. For goods or taxable services used in tax-free items or non-taxable items, the input tax that cannot be deducted can, under normal circumstances, be calculated based on the actual purchase price of the enterprise or the actual cost carried forward. Some enterprises, such as commercial enterprises, deal with a wide variety of goods. They often divide the goods into several major categories and calculate the sales cost according to the major categories. The actual cost of a certain tax-free goods in the major categories cannot be found. This is used for tax exemption. The input tax on project goods cannot be accurately calculated.

Can the handling fee for 4S store customer loans be deducted?

No.

Bank car loans only have interest but no handling fees. The handling fees are collected by 4S stores or financial car loan companies, so they cannot be waived. At present, the handling fee for car loans is generally about 3%. Different 4S stores and financial institutions have different charging standards. Car buyers can choose according to their actual situation.

Can loan interest be deducted?

Loan interest cannot be deducted from VAT.

The "Provisions on Matters Relevant to the Pilot Program of Replacing Business Tax with Value-Added Tax" stipulates that taxpayers who accept loan services pay to the lender the investment and financing consulting fees, handling fees, consulting fees, etc. directly related to the loan. For expenses, the input tax cannot be deducted from the output tax.

The "Implementation Measures for the Pilot Program of Replacing Business Tax with Value-Added Tax" also clearly stipulates that the input tax on the following items shall not be deducted from the output tax: purchased passenger transportation services, loan services, catering services, residents Daily services and entertainment services.

Can interest expenses be deducted?

It is not deductible, but handling fees can be deducted. Loan refers to the business activity of lending funds to others to obtain interest income. Interest generated from loan services is a non-deductible item for VAT, and no special VAT invoice can be issued, nor can it be deducted. Accepting loan services refers to accepting services to obtain interest income from lending funds to others, including various expenditures for occupying and borrowing funds, credit card overdraft interest expenditures, interest expenditures on financial products purchased for resale, and margin financing and securities lending. Interest expenditures, as well as interest and interest-related expenditures obtained from financing sale-leaseback, bill advance, penalty interest, bill discounting, on-lending and other businesses, as well as expenditures receiving fixed profits or guaranteed profits paid by monetary capital investment. Article 680 of the Civil Code prohibits lending at high interest rates, and the interest rate for borrowing must not violate relevant state regulations. If the loan contract does not stipulate the payment of interest, it will be deemed that there is no interest. If the loan contract does not clearly stipulate the payment of interest, and the parties cannot reach a supplementary agreement, the interest will be determined according to local or party transaction methods, transaction habits, market interest rates and other factors; if the loan is borrowed between natural persons, it will be deemed to have no interest.

Can online loan installment fees be deducted from the principal?

No. The online loan installment fee will not restore the principal, and the repayment will be deducted from the principal first, so that the money paid back will not interest again, and the debtor can slowly pay off the principal. Online loan, the full name of online loan, is a loan method that is applied for, approved, and disbursed through the Internet platform.