First, the interest income tax treatment
1, the interest on bank deposits should be Chongjian financial costs, but do not pay sales tax.
2, units for less money, according to the terms of the contract or breach of contract because of the money owed to the interest, as the price, the cost should be dealt with. Sales to the merger in terms of sales tax, value-added tax paid.
3, the interest income from bond investments, only the Ministry of Finance issuing bonds to purchase the interest, not to collect corporate income tax.
The State Commission for Discipline Inspection issued a key state construction bonds and financial bonds issued by the People's Bank of the interest income, corporate income tax should be levied as.
4, the secondary market trading of Treasuries:
1994 state regulations, "the taxpayers to buy Treasuries interest income not included in income.
1999 state also provides that "tax-free interest on the bonds is limited to the purchase from a market."
2000 state also provides that "enterprises to purchase the bonds, not due to the sale of the interest income, income should be merged, and satisfied that the corporate income tax. Bond interest payment due and not included in income."
(1), interest income on short-term investments:
Interest income on short-term investments confirmed the receipt of general interest confirmed that the realization of investment income.
Finance treatment: by: bank loans, credits: investment income.
For the next year when the interest of the
Provision time: by: Other receivables - accrued interest loans: Investment interest.
It was received: by: bank deposits, credits: Other receivables.
(2), long-term investment interest income
Interest income recognized the long-term investment, the investment period in more than a year, interest payments indefinite period, or even have a debt service due.
Tax law provides that: based on the accrual basis of accounting principles, whether or not received, should be reflected in the profit and loss in the current period. Provision of enterprises should be of interest (per year), all included in the current period total profits.
Provision time: by: long-term investment - accrued interest loans: investment income
It was received: by: bank deposits; credits: long-term investment - Accrued interest
5, enterprises of foreign investment interest income borrowers
Interest income of foreign investment enterprises, according to Guoshuihan [2001] 1007 document "on the financial capital value-added sales tax revenue collection of the letter of approval" in Article 1 provides that: "Whatever the financial institutions or other units, as long as the money is in loan-to-use and others The act should be regarded as a loan, according to the financial and insurance industry levy sales tax codes. To invest in the loan-to-financial companies and others to use the interest income, provisions should be charged sales tax "(2003 rate of 5 per cent).
Finance treatment: by: bank deposits, loans, other operating income
6, joint-stock companies to issue stock of interest income
(1), purchase of new shares in the sign, which was the freezing of funds of interest income, should benefit as a voting issue price of processing income, increased "capital surplus," not on corporate profits.
(2), no sign of the freezing of funds was part of the interest income, because incorporated into the company's total profits, if the amount could be larger in five years the average turn, pay corporate income tax.
Second, the tax treatment borrowing costs
Borrowing costs for taxpayers is the need to undertake business activities and the borrowing of funds related to interest charges.
1, loans to financial institutions, the loan interest:
Tax provisions: pre-tax deduction can be, and the financial cost of, according to accrual basis of the principles of computing.
2, to other agencies borrowers of interest:
Tax law provides that: no more than the same period in bank lending rates, under the premise can be pre-tax deduction, over the transfer by some income.
3, borrowing from related enterprises borrowing interest:
Tax provisions: the borrower may not exceed the amount of its investment of 50 percent, over part of the pre-tax interest shall not be deducted.
4, borrowing foreign investment loan interest: the tax law provides that: taxpayers for foreign investment and borrowing of funds in borrowing costs should be included in the cost of the investment, not to pre-tax deduction.
Such as: by: long-term investment, loans: bank deposits, etc.
Tax provisions: Investment interest rate borrower must be the capital of the accounting system requires not capitalized.
5, the acquisition or construction of fixed assets of the borrowers loan interest
Acquisition or construction period of interest, should increase the value of fixed assets (capital expenditures do), pay for the use of fixed assets, then the interest in pre-tax deduction.
6, real estate development company loan interest housing loans
Engaged in real estate development business enterprises for the development of real estate and the borrowing of funds by the borrowers interest in the property prior to the completion, should be included on the real estate development costs. Upon completion of interest into the financial costs into the financial costs.
7, no purpose was specified borrowing interest
Tax law provides that: its borrowing costs should be operating activities and capital expenditures occupy a reasonable proportion of funds, the assets should be included in the cost of borrowing costs and can be directly deducted from the borrowing costs.
1, the interest on bank deposits should be Chongjian financial costs, but do not pay sales tax.
2, units for less money, according to the terms of the contract or breach of contract because of the money owed to the interest, as the price, the cost should be dealt with. Sales to the merger in terms of sales tax, value-added tax paid.
3, the interest income from bond investments, only the Ministry of Finance issuing bonds to purchase the interest, not to collect corporate income tax.
The State Commission for Discipline Inspection issued a key state construction bonds and financial bonds issued by the People's Bank of the interest income, corporate income tax should be levied as.
4, the secondary market trading of Treasuries:
1994 state regulations, "the taxpayers to buy Treasuries interest income not included in income.
1999 state also provides that "tax-free interest on the bonds is limited to the purchase from a market."
2000 state also provides that "enterprises to purchase the bonds, not due to the sale of the interest income, income should be merged, and satisfied that the corporate income tax. Bond interest payment due and not included in income."
(1), interest income on short-term investments:
Interest income on short-term investments confirmed the receipt of general interest confirmed that the realization of investment income.
Finance treatment: by: bank loans, credits: investment income.
For the next year when the interest of the
Provision time: by: Other receivables - accrued interest loans: Investment interest.
It was received: by: bank deposits, credits: Other receivables.
(2), long-term investment interest income
Interest income recognized the long-term investment, the investment period in more than a year, interest payments indefinite period, or even have a debt service due.
Tax law provides that: based on the accrual basis of accounting principles, whether or not received, should be reflected in the profit and loss in the current period. Provision of enterprises should be of interest (per year), all included in the current period total profits.
Provision time: by: long-term investment - accrued interest loans: investment income
It was received: by: bank deposits; credits: long-term investment - Accrued interest
5, enterprises of foreign investment interest income borrowers
Interest income of foreign investment enterprises, according to Guoshuihan [2001] 1007 document "on the financial capital value-added sales tax revenue collection of the letter of approval" in Article 1 provides that: "Whatever the financial institutions or other units, as long as the money is in loan-to-use and others The act should be regarded as a loan, according to the financial and insurance industry levy sales tax codes. To invest in the loan-to-financial companies and others to use the interest income, provisions should be charged sales tax "(2003 rate of 5 per cent).
Finance treatment: by: bank deposits, loans, other operating income
6, joint-stock companies to issue stock of interest income
(1), purchase of new shares in the sign, which was the freezing of funds of interest income, should benefit as a voting issue price of processing income, increased "capital surplus," not on corporate profits.
(2), no sign of the freezing of funds was part of the interest income, because incorporated into the company's total profits, if the amount could be larger in five years the average turn, pay corporate income tax.
Second, the tax treatment borrowing costs
Borrowing costs for taxpayers is the need to undertake business activities and the borrowing of funds related to interest charges.
1, loans to financial institutions, the loan interest:
Tax provisions: pre-tax deduction can be, and the financial cost of, according to accrual basis of the principles of computing.
2, to other agencies borrowers of interest:
Tax law provides that: no more than the same period in bank lending rates, under the premise can be pre-tax deduction, over the transfer by some income.
3, borrowing from related enterprises borrowing interest:
Tax provisions: the borrower may not exceed the amount of its investment of 50 percent, over part of the pre-tax interest shall not be deducted.
4, borrowing foreign investment loan interest: the tax law provides that: taxpayers for foreign investment and borrowing of funds in borrowing costs should be included in the cost of the investment, not to pre-tax deduction.
Such as: by: long-term investment, loans: bank deposits, etc.
Tax provisions: Investment interest rate borrower must be the capital of the accounting system requires not capitalized.
5, the acquisition or construction of fixed assets of the borrowers loan interest
Acquisition or construction period of interest, should increase the value of fixed assets (capital expenditures do), pay for the use of fixed assets, then the interest in pre-tax deduction.
6, real estate development company loan interest housing loans
Engaged in real estate development business enterprises for the development of real estate and the borrowing of funds by the borrowers interest in the property prior to the completion, should be included on the real estate development costs. Upon completion of interest into the financial costs into the financial costs.
7, no purpose was specified borrowing interest
Tax law provides that: its borrowing costs should be operating activities and capital expenditures occupy a reasonable proportion of funds, the assets should be included in the cost of borrowing costs and can be directly deducted from the borrowing costs.
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