1. Solution: Can the bank loan interest be deducted? Why can't loan interest be deducted? Many enterprises either pull investment or choose to apply for loans from banks when they are expanding their operations. Many borrowers have consulted, can bank loan interest be deducted? Why can't loan interest be deducted? It is not clear that borrowers can
bank loan interest can
In fact, special VAT invoices cannot be deducted from input tax. According to the regulations, taxpayers who accept loan services receive relevant investment and financing consulting fees from loans, and their input tax amount shall not be deducted from the output tax amount.
In addition, the purchased passenger transportation services, loan services, catering services and daily tax of residents shall not be deducted from the output tax. For other expenses paid by the enterprise, value-added tax is required, and the tax rate is 6%. Moreover, this part of the tax shall not be deducted from the input.
However, fees unrelated to loan services, such as handling fees and account management fees, are directly charged special VAT invoices according to regulations, and the input tax is deducted according to regulations.
Why loans
The main consideration is that if the loan interest is allowed to be deducted, the VAT deduction chain of financing behavior will be fundamentally opened, and the deposit interest should be taxed first according to the value added. It is very difficult under the existing conditions, on the one hand, it involves the fact that the actual deposit interest rate under the special invoice is negative.
the above is the sharing of the related content of "can bank loan interest be deducted?" I hope
2. To solve the problem: can bank loan interest be deducted? Why can't loan interest be deducted?
many enterprises will encounter insufficient funds when operating. Especially when expanding business, you should either invest or apply for a loan from the bank. Many borrowers have consulted me. Can the interest on bank loans be deducted? Why can't loan interest be deducted? Borrowers who are still unclear can read this article and solve their doubts!
can bank loan interest be deducted? In fact, the special VAT invoice for loan interest issued by the bank for enterprises cannot be deducted from the input tax. According to the regulations, the input tax shall not be deducted from the output tax for the loan interest, investment and financing consulting fees, handling fees, consulting fees and other expenses directly related to the loan. In addition, the input tax on purchased passenger transportation services, loan services, catering services, daily services of residents and entertainment services shall not be deducted from the output tax. Value-added tax (VAT) is required for the interest expenses and other directly related expenses paid by the enterprise, and the tax rate is 6%. Moreover, this part of the tax shall not be deducted from the input. However, when a borrowing enterprise opens an account in a bank, fees unrelated to loan services, such as handling fees and account management fees, are directly charged financial services according to regulations, and special invoices for value-added tax can be obtained, and the input tax can be deducted according to regulations. Why can't loan interest be deducted? It is mainly considered that if the loan interest is allowed to be deducted, the VAT deduction chain of financing behavior will be fundamentally opened. According to the principle of "deducting the value-added tax", the deposit interest should be taxed first. Under the existing conditions, it is very difficult. On the one hand, it involves taxing residents' deposits, which cannot solve the problem of issuing special invoices, which is inconsistent with the current situation that the actual deposit interest rate is negative.
III. Why can't the bank tax on loan interest be deducted
According to the provisions on relevant matters of the pilot reform of business tax in Annex 2 of Caishui Document No.211636, the input tax shall not be deducted from the output tax for the investment and financing consulting fees, handling fees and consulting fees directly related to the loan paid by the taxpayer to the lender by accepting the loan service.
fourth, can bank interest be deducted?
bank interest cannot be deducted.
according to the policy of camp reform, the "purchased loan service" cannot be deducted from the output tax, and at the same time, it is stipulated that the input tax paid by the taxpayer to the lender by accepting the loan service is not deductible from the output tax.
the interest expenses and other directly related expenses paid by the enterprise need to pay 6% value-added tax after the reform of the camp, and this part of the tax cannot be deducted from the input.
if the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise, it will decrease. There are three factors that determine the loan interest: loan amount, loan term and loan interest rate.