Glad to answer your question!

Analysis:

The tax law stipulates that the interest expenses of enterprises borrowing from non-financial institutions are deducted before enterprise income tax: the part that does not exceed the loan interest rate of financial institutions in the same period is allowed to be deducted before tax. In other words, the excess cannot be deducted before tax.

This interest rate changes according to the constant adjustment of the money market, so the 6.39% you mentioned is the loan interest rate of financial institutions in a certain period, and this interest rate is not fixed.

Let me give a simple example!

An enterprise borrows 6,543,800 yuan from another enterprise, and the agreed interest rate is 8%. At the same time, the loan interest rate of financial institutions is 6.39%, so the annual interest expense payable by the enterprise is100× 8% = 80,000 yuan, and the tax law only recognizes the interest rate as 6.39% (the loan interest rate of financial institutions), so the amount of interest expense that can be deducted before tax is 654.33.

That's what it means!

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