Recently, in order to implement the proposal put forward by the 60th executive meeting in the State Council to reduce the real interest rate and alleviate the financing difficulties of enterprises, the People's Bank of China officially issued an announcement on August 17, announcing the reform and improvement of the formation mechanism of quoted interest rate in the loan market. Later, the People's Bank of China will no longer announce the benchmark interest rate for loans, and commercial banks will mainly use lpr as the reference pricing standard for loans. The reform of this system also has a related impact on our fiscal and taxation policies. We have combed it out. At present, some of our relevant fiscal and taxation policies need to refer to the benchmark interest rate of the People's Bank of China for the same period. These documents need to be revised in time after the market-oriented reform of the loan interest rate, and the fiscal and taxation departments need to consider supporting convergence measures in time.

According to our combing, the following fiscal and taxation documents need to refer to the benchmark loan interest rate of the People's Bank of China:

I. The Regulations for the Implementation of the Enterprise Income Tax Law relates to the provision of additional interest for special tax adjustment.

Related clauses: Article 122 The interest mentioned in Article 48 of the Enterprise Income Tax Law shall be calculated according to the benchmark interest rate of RMB loans published by the People's Bank of China in the tax year to which the tax belongs and the same period as the supplementary tax period plus 5 percentage points.

Where an enterprise provides relevant information in accordance with Article 43 of the Enterprise Income Tax Law and the provisions of these Regulations, it may calculate interest only at the benchmark interest rate of RMB loans as stipulated in the preceding paragraph.

Suggestions: In view of the fact that the People's Bank of China will no longer announce the benchmark interest rate of RMB loans in the later period, and the new lpr will be announced on the 20th of each month, it is suggested that the implementation regulations can be clearly calculated by adding 5 percentage points to the lpr announced by the special tax adjustment and supplementary tax last month during the same period of supplementary tax. Where an enterprise provides relevant information in accordance with Article 43 of the Enterprise Income Tax Law and the provisions of these Regulations, it may only calculate interest according to the lpr specified in the preceding paragraph.

Of course, the provisions on charging interest in the announcement on special tax adjustment issued by State Taxation Administration of The People's Republic of China according to the Implementation Regulations of the Enterprise Income Tax Law should also be revised accordingly. This includes State Taxation Administration of The People's Republic of China Announcement No.7 in 20 15, State Taxation Administration of The People's Republic of China Announcement No.42 in 20 16 and State Taxation Administration of The People's Republic of China Announcement No.6 in 20 17.

At the same time, we suggest that before the revision of the tax law document, the current case should still be calculated according to the benchmark interest rate of loans for the same period recently announced by the People's Bank of China, and then be implemented according to the new regulations after the revision of the document, so as to ensure the continuity of policy implementation.

Two, the "Regulations on the Implementation of the Individual Income Tax Law" involves the provisions of special tax adjustment and additional interest.

Related clauses: Article 23 The interest stipulated in the second paragraph of Article 8 of the Individual Income Tax Law shall be calculated according to the benchmark interest rate of RMB loans published by the People's Bank of China on the last day of the tax reporting period and the same period as the tax payment period, and shall be charged daily from the day after the expiration of the tax reporting period to the expiration of the tax payment period. If a taxpayer pays back the tax before the expiration of the time limit for paying back the tax, the interest will be charged until the date of paying back the tax.

Suggestions: Similar to enterprise income tax, suggestions are made.

In which year was the interest rate adjustment mechanism for the first home loan established?

2023 1 month 5.

On October 5th, 2023, the Central Bank and China Banking and Insurance Regulatory Commission announced the establishment of the first dynamic adjustment mechanism of housing loan interest rate policy.

The promulgation of this document has greatly reduced the pressure on ordinary people to purchase loans and improved their living standards.

House loan interest rate 2022

In 2022, the mortgage interest rate of rural commercial banks' loans for more than five years was 4.9%.

1. Short-term loan: the loan interest rate within one year (inclusive) is 4.35%.

2. Medium-and long-term loans: the loan interest rate for one to five years (inclusive) is 4.75%, and the loan interest rate for more than five years is 4.9%.

3. Personal housing provident fund loan: the loan interest rate for five years and below is 2.75%; The loan interest rate for more than five years is 3.25%.

The application conditions and materials for housing loans are as follows

1. Applicants need to have legal residence status, permanent residence of urban residents or proof of residence status, so it is best to buy a house in the place where your household registration is located or where you live now.

2. At least 18 years old.

3. The applicant must have a compliant occupation and a stable source of income, and the lender can guarantee that you have the ability to repay the loan principal and interest on time.

4. Need to sign a house sales contract and have paid the down payment ratio stipulated by the bank.

The applicant's credit should be good.

What's the loan interest rate? In 2020

Within one year (including one year) 4.35%; One year to five years (including five years) 4.75%; 4.90% for more than five years, this is the benchmark interest rate, but now the interest rate is marketized and changes every month.

The loan interest rates of commercial banks are all floating on the basis of the benchmark interest rate, and the specific floating amount needs to be adjusted by the borrower's qualification. If the borrower has good credit, stable job, high income, sufficient bank flow, low debt ratio, or can use real estate vehicles as collateral, the floating rate of loan interest rate will be smaller.

However, if the borrower's credit is average, his job is unstable, his income is not high, his debt ratio is low, and the bank still needs to be packaged, then the loan interest rate is naturally higher than that of people with good qualifications.

Extended data:

For a loan with real estate in a bank, the loan should pay interest at the interest rate stipulated by the bank, which is the mortgage interest rate. On June 7, 20 12, the central bank issued an urgent document to all commercial banks, requiring that the lower limit of the floating range of interest rates for individual housing loans by commercial banks should still be 0.7 times of the benchmark interest rate.

Commercial banks will implement a new interest rate: from 20 13 years 1 month 1 day, mortgage borrowers can reduce their pressure. However, each commercial bank can float within a certain range. The mortgage interest rate in China is not constant all the time, but often changes. The form is that the interest rate has been rising, so we often compare the situation before and after the interest rate increase.