after the reform of the camp, the interest income on corporate bank deposits is subject to corporate income tax. The legal basis is as follows:

Enterprise Income Tax Law of the People's Republic of China

Article 6 The income obtained by an enterprise from various sources in monetary and non-monetary forms is the total income. Including:

(5) interest income;

Taxpayers of Cheyenne income tax:

That is, all domestic-funded enterprises or other organizations in the People's Republic of China that practice independent economic accounting, including the following six categories:

State-owned enterprises, collective enterprises, private enterprises, associated enterprises, joint-stock enterprises and other organizations with production and operation income and other income.

an enterprise refers to an enterprise registered according to the provisions of the state. Other organizations with production and business income and other income refer to institutions, social organizations and other organizations that have been approved by relevant state departments and registered according to law and have production and business income and other income.

independent economic accounting means having a settlement account in a bank at the same time; Establish account books independently and prepare financial and accounting statements; Independent calculation of profit and loss and other conditions.

do taxpayers need to pay value-added tax on deposit interest income?

deposit interest is a non-taxable item of value-added tax, and no value-added tax is levied. Value-added tax is a tax levied on the value-added realized by units and individuals who sell goods or provide processing, repair and replacement services and import goods. Value-added tax has become one of the most important taxes in China, accounting for more than 6% of all taxes in China, and it is the largest tax.

the state taxation bureau is responsible for the collection of value-added tax, with 5% of the tax revenue coming from the central government and 5% from local governments. The value-added tax in the import link is collected by the customs, and the tax revenue is all the central fiscal revenue.

at the same time, the deposit interest income obtained by the enterprise does not need to be invoiced, and the bank does not need to account for the deposit interest expenses for reimbursement and deduction.

1. After the reform of the camp, the interest charged by enterprises actually belongs to financial services, and the applicable VAT rate for financial services is 6%, so the tax rate for loan interest is also 6%.

2. After the reform of the camp, ordinary taxpayers who have borrowed money are very concerned about whether the loan interest can be deducted. If the loan interest can be deducted from the input tax, it will definitely be a big advantage for ordinary taxpayers who have borrowed money.

3. according to the implementation measures for the pilot reform of the camp, the taxpayer shall not deduct the input tax when accepting the loan service, and at the same time, the input tax shall not be deducted from the output tax when the taxpayer accepts the loan service and pays the lender the investment and financing consulting fees, handling fees and consulting fees directly related to the loan.

do I have to pay value-added tax on corporate bank deposit interest? The above is the relevant provisions on whether to pay value-added tax on corporate bank deposit interest, for your reference. Taxation is the main source of national income. Relying on the power of the public and in accordance with the provisions of laws and regulations, the state implements tax exemption for taxpayers, including legal persons, unincorporated enterprises, units and natural persons, and taxpayers pay taxes according to the needs of the public and the public. Learn more about taxation and continue to pay attention to our information platform.