Legal analysis: the guarantee fee paid by the loan enterprise to the guarantee company can be deducted before tax. The company's borrowing from the bank for production and operation needs is a reasonable expenditure in production and operation activities, which can be deducted before tax according to regulations.
Legal basis: According to Article 8 of the Enterprise Income Tax Law of People's Republic of China (PRC), reasonable income-related expenses actually incurred by an enterprise, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted when calculating taxable income.