What tax do shareholders need to pay for borrowing from the company?

Shareholders need to pay personal income tax when borrowing from the company. According to the Notice of the Ministry of Finance on Regulating the Collection and Management of Individual Income Tax for Individual Investors in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC), if an individual investor borrows money from an enterprise (except a sole proprietorship enterprise or a partnership enterprise) that he invests in and fails to return it after the end of a tax year and is not used for the production and operation of the enterprise, the unpaid loan can be regarded as the dividend distribution of the enterprise to the individual investor, and the individual income tax should be paid according to the item of "interest, dividend and dividend income". According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Printing and Distributing the Measures for the Administration of Individual Income Tax, individual investors who borrow money from their investment enterprises for more than 1 year and have not been used for the production and operation of enterprises shall pay taxes according to regulations. To sum up, shareholders who borrow money from the company should pay individual taxes according to regulations.

Legal basis: Article 1 of the Notice of the Ministry of Finance on Regulating the Collection and Management of Individual Income Tax of Individual Investors in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC).

(including sole proprietorship, partnership and other enterprises) how to deal with the problem of how to use funds to pay for their own consumption expenses, family members and their related personnel and buy family property. Individual investors in a sole proprietorship enterprise or partnership enterprise use enterprise funds to pay consumer expenditures unrelated to the production and operation of the enterprise and purchase property expenditures such as automobiles and houses, which are regarded as the profit distribution of the enterprise to individual investors, and incorporated into the income from the individual production and operation of the investors, and accounted for according to the item of "income from the production and operation of individual industrial and commercial households".

Consumer expenses and property expenses such as buying cars and houses paid by individual investors of enterprises other than sole proprietorship enterprises and partnership enterprises for themselves, family members and their related personnel are regarded as dividend distribution by enterprises to individual investors, and personal income tax is levied according to the items of "interest, dividends and bonus income".