A: For example, loan interest income between non-financial enterprises needs to be taxed.
Value-added tax and additional tax shall be paid for borrowing from affiliated enterprises and obtaining interest income. In addition, the loan contract should pay stamp duty.
According to the provisions of the tax law, value-added tax is not levied on the deposit interest income obtained by taxpayers by depositing monetary funds into banks and other financial institutions.
However, taxpayers entrust funds to financial institutions to issue loans, or lend funds to other units or individuals by themselves or in other ways, and the interest income obtained should be subject to 6% of interest income (3% for small-scale taxpayers) according to the tax item of "financial insurance".
Enterprise income tax, the interest income obtained by the enterprise will directly offset the current financial expenses, thus affecting the taxable income (increasing the taxable income) and eventually leading to the increase of the current income tax (income tax payable).
Therefore, interest income needs to pay enterprise income tax.
How to calculate the interest income VAT?
A: After the reform, the interest charged by enterprises actually belongs to financial services, and the applicable value-added tax rate for financial services is 6%, so the tax rate for loan interest is also 6%.
After the reform of the camp, ordinary taxpayers who have borrowed money are very concerned about whether the loan interest can be deducted. If the loan interest can be deducted from the input tax, it will definitely be a big plus for ordinary taxpayers who have already made loans.
According to relevant regulations:
Taxpayers who accept loan services shall not deduct the input tax, and at the same time, taxpayers who accept loan services shall not deduct the input tax from the output tax for the investment and financing consulting fees, handling fees, consulting fees and other expenses directly related to loans paid to lenders.
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.
Interest receivable and uncollected within 90 days from the interest settlement date shall be subject to accrual basis principle, and interest income shall be confirmed and paid with value-added tax according to the interest receivable date, and interest receivable and uncollected after 90 days from the interest settlement date shall be paid with value-added tax according to the cash basis principle.
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