Yes, as long as there is a relevant loan contract, the interest rate is within the normal range, and the money is used for the daily settlement of the enterprise, it is allowed to be deducted before tax.

According to the Enterprise Income Tax Law of People's Republic of China (PRC):

Article 8

The actual expenses related to income, alloy, loss and other expenses incurred by an enterprise are allowed to be deducted when calculating the taxable income.

Article 6

The income obtained by enterprises from various channels in monetary and non-monetary forms is the total income. Including:

(1) Revenue from the sale of commodities;

(

(3) Income from property transfer;

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

(5) Interest collection

(6) Rental income;

(7) Royalty income;

(8) Receiving donation income;

(9) Other income.

Extended data:

When calculating taxable income, the following expenses shall not be deducted:

(1) Capital expenditure. Refers to the taxpayer's expenditure on the purchase and construction of fixed assets and foreign investment, which shall not be deducted directly before tax, but shall be amortized gradually by depreciation.

(2) None refers to all expenses incurred by taxpayers in purchasing intangible assets and developing intangible assets. Intangible assets shall be amortized in installments during the transfer and benefit period.

(3) Asset impairment reserve. Fixed assets are not allowed to be deducted before tax; The provision for impairment of other assets shall not be deducted before tax before it is converted into a major loss.

(4) fines for illegal business operations and denied national laws. Laws and regulations, the relevant departments of fines and confiscation of property losses shall not be deducted.

5] Late fees, fines and penalties for various taxes. Late payment fees and fines imposed by taxpayers in violation of state regulations, fines imposed by judicial departments, and other fines.

(6) Compensation for losses caused by natural disasters or accidents. If a taxpayer suffers from natural disasters or accidents, the compensation paid by the insurance company shall not be charged before tax.

(seven) public welfare and relief donations, as well as non-public welfare and relief donations, which exceed the amount allowed by the state to be deducted. Taxpayers' donations and donations exceeding the total annual profit 12% are not allowed to be deducted.

Various sponsorship fees.

(9) Other expenses unrelated to income.