Pre-tax deduction of enterprise income tax
(1) Capitalized borrowing costs: If an enterprise borrows money for the purchase and construction of fixed assets, intangible assets and inventories that can only reach the predetermined saleable state after construction for more than 12 months, the reasonable borrowing costs incurred during the purchase and construction of the relevant assets shall be included in the cost of the relevant assets as capital expenditures and deducted in accordance with the provisions of these Regulations.
(2) According to the relevant provisions of the Implementation Regulations of the Income Tax Law, the interest expenses incurred by non-financial enterprises in borrowing from financial enterprises, the interest expenses of various deposits of financial enterprises and the interest expenses of interbank lending are allowed to be deducted. Therefore, the interest of the enterprise's borrowing expenses from the bank can be deducted according to the facts.
(three) the enterprise's bank loan interest expenses should obtain invoices as pre-tax deduction vouchers.
Pre-tax deduction standard for mortgage loans
The standard of special additional deduction for housing loans is to deduct the loan interest in the actual year according to the standard of 1000 yuan per month, and the maximum deduction period is no more than 240 months. Taxpayers can only enjoy the interest deduction of the first home loan once. The special additional deduction of housing loan interest refers to one of the six special additional deductions stipulated by the Individual Income Tax Law of the People's Republic of China. When a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing provident fund to buy a house for himself or his spouse, the interest expenses incurred on the first housing loan can be deducted according to the standard of 12000 yuan per year during the loan repayment period.
What is the additional deduction for mortgage?
1, housing loan interest special additional deduction.
The special additional deduction of housing loan interest means that taxpayers can deduct 1000 yuan when calculating the taxable income of individual tax, so that they can pay less when calculating the income tax payable.
2, housing loan interest special additional deduction range.
I or my spouse use commercial loans or housing provident fund to purchase the first suite in China alone or together, resulting in loan interest expenses.
3, housing loan interest special additional deduction calculation method.
In the year when the loan interest actually occurs, it shall be deducted according to the standard quota of 1000 yuan per month, and the maximum deduction period shall not exceed 240 months. It should be noted that instead of paying 1000 yuan to the client, the personal income tax will be paid in proportion after deducting 1000 yuan from the client's income.
The expenses of taxpayers receiving continuing education with academic qualifications (degrees) in China shall be deducted according to the monthly 400 yuan quota during the period of academic qualifications (degrees) education. The deduction period for continuing education with the same academic qualification (degree) cannot exceed 48 months. Taxpayers' expenses for continuing education of professional qualifications of skilled personnel and professional and technical personnel shall be deducted according to the quota of 3,600 yuan in the year when relevant certificates are obtained.
Legal basis: Article 14 of the Interim Measures for Special Additional Deduction of Individual Income Tax. If a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing accumulation fund to purchase a house in China for himself or his spouse, the interest expenses incurred on the first housing loan shall be deducted according to the standard of 1,000 yuan per month in the year when the loan interest actually occurs, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy the interest deduction of the first home loan once.
How to offset the interest on corporate loans? You must find out these aspects.
Most enterprises need to rely on bank loans when operating. Especially for some developing small and medium-sized enterprises, the working capital provided by banks is very important. Applying for a loan will generate loan interest. How can corporate loan interest be tax deductible? Everyone should be clear about these aspects!
How to offset the interest on corporate loans?
First of all, we should understand what loan interest is. Loan interest refers to the reward that the lender gets from the borrower because of issuing monetary funds, and it is also the price that the borrower must pay for using the funds.
The bank loan interest rate refers to the ratio of the interest amount to the principal balance during the loan period, which is determined by the interest rate of the loan contract with banks and other financial institutions as lenders. The parties can only negotiate within the upper and lower limits of the interest rate stipulated by the Bank of China. The loan interest paid belongs to the loan service, and even if the special VAT invoice is obtained, the VAT shall not be deducted.
In addition, the purchased passenger transportation services, loan services, catering services, daily services of residents and entertainment services cannot be deducted from the output tax. The input tax shall not be deducted from the output tax for the investment and financing consulting fees, handling fees, consulting fees and other expenses directly related to the loan paid by the taxpayer to the lender by accepting the loan service.
However, after the enterprise loans, the interest expenses incurred by borrowing from the bank can basically be deducted before tax. However, enterprises should pay attention to the fact that if they find that they do not conform to the principle of independent transaction, transfer the funds borrowed by banks to other enterprises for free, fail to pay the capital of enterprises in full on schedule, and pay the interest expenses of the corresponding unpaid part of loans, they shall not be deducted before tax.
The above is the sharing of the relevant content of "how to offset the tax on enterprise loan interest", hoping to help everyone!
Can mortgage interest be deducted before tax?
There are two ways to declare personal income tax mortgage: 1 and through withholding agent. 2. Annual self-declaration of comprehensive income. The declaration process has the following steps: 1, some materials need to be prepared before the declaration of personal income tax mortgage: such as house sales contract and loan contract. 2. Open the personal income tax APP and click on the housing loan interest. 3. Check your personal information after entering and fill in the relevant mortgage information. 4. Choose your own loan method, and then fill in the loan information. 5. Then fill in the relevant information according to whether you have a spouse or not, and choose the deduction ratio according to your own situation. 6. Finally, choose the declaration method according to your own situation. 7. Generate your own filling records according to the declaration method. If a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing provident fund alone or together to purchase a house in China for himself or his spouse, the interest expenses incurred on the first housing loan shall be deducted according to the standard quota of 1000 yuan per month in the year when the loan interest actually occurs, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy the interest deduction of the first home loan once.
Legal basis: Law of the People's Republic of China on the Administration of Tax Collection
Article 1 This Law is formulated with a view to strengthening the administration of tax collection, standardizing tax collection and payment, safeguarding the state's tax revenue, protecting the legitimate rights and interests of taxpayers and promoting economic and social development.
Article 2 This Law shall apply to the collection and management of all kinds of taxes collected by tax authorities according to law.
Article 3 The levying and ceasing of taxes, as well as the reduction, exemption, refund and supplementary payment of taxes, shall be carried out in accordance with the provisions of the law. If the State Council is authorized by the law, it shall be carried out in accordance with the provisions of the administrative regulations formulated by the State Council.
Can the interest expenses of enterprises borrowing from financial enterprises be deducted before tax?
Those who meet the requirements can be deducted before tax.
Interest expenses incurred by non-financial enterprises in borrowing from financial enterprises, various deposit interest expenses and interbank lending interest expenses of financial enterprises, and interest expenses incurred by enterprises in issuing bonds after approval can be deducted according to the facts.
Article 38 of the Regulations for the Implementation of the Enterprise Income Tax Law stipulates that the following interest expenses incurred by an enterprise in its production and business activities are allowed to be deducted:
Interest expenses of non-financial enterprises borrowing from financial enterprises, interest expenses of various deposits and interbank lending of financial enterprises, and interest expenses of enterprises issuing bonds upon approval. The interest expenses incurred by non-financial enterprises in borrowing from non-financial enterprises can be deducted according to the facts if they do not exceed the amount calculated according to the interest rate of similar loans of financial enterprises in the same period, and the excess cannot be deducted.
Extended data
The deductible portion of interest expenses incurred by an enterprise in borrowing from affiliated enterprises or shareholders cannot exceed the debt-to-capital ratio.
Interest whose debt-capital ratio exceeds the prescribed standard is not allowed to be deducted before tax in principle. Interest expenses that cannot be deducted before tax when the debt-capital ratio exceeds the prescribed standard should be distributed among related parties according to the proportion of the interest actually paid to related parties to the total interest of related parties.
Article 46 of the Enterprise Income Tax Law of the People's Republic of China stipulates that the interest expenses incurred by an enterprise when the ratio of creditor's rights investment to equity investment accepted from its related parties exceeds the prescribed standard shall not be deducted when calculating the taxable income.