In the process of business development, due to factors such as capital turnover, it is generally necessary to establish cooperative relations with banks, and the most common way is to apply for loans. How to make the entry of enterprise loan to the bank? Do I need to pay stamp duty? This paper introduces the above problems in detail, so let's take a look.

How to charge for bank loans?

To borrow money from a bank, accounting includes three steps: borrowing money, paying interest and paying back money. The specific items are as follows:

1. When borrowing money:

Debit: bank deposit

Loans: short-term loans

2. When paying interest:

Debit: financial expenses-interest

Loans: bank deposits

3. When repaying:

Borrow: short-term loans

Loans: bank deposits

Do enterprises need to pay stamp duty for loans from banks?

A: The loan contracts signed by enterprises to borrow from banks and other financial institutions need to pay stamp duty.

Note: Loan contracts signed by financial institutions and small and micro enterprises are exempt from stamp duty.

According to Article 8 of the Provisional Regulations on Stamp Duty in People's Republic of China (PRC), a loan contract refers to a loan contract (excluding interbank lending) signed by banks and other financial institutions with the borrower, which is stamped at 0.5 ‰ of the loan amount. In other words, loan contracts signed with banks and other financial institutions (including financial leasing contracts and mortgage loan contracts signed with financial institutions) need to pay stamp duty according to the loan contracts.

Can I deduct the input tax by paying the bank loan interest?

Loan interest accounting entries

When interest accrues:

Debit: financial expenses

Loan: interest payable

Repayment of short-term loans:

Borrow: short-term loans

Interest payable (financial expenses)

Loans: bank deposits