Is there a provision for inter-company loan interest?

Legal analysis: According to the relevant provisions of the Company Law, the relevant provisions on inter-enterprise loan interest rate are as follows: 1. According to relevant laws, the interest with an annual interest rate below 24% is legal interest and protected by law. 2. The interest paid voluntarily by the borrower with an annual interest rate of more than 24% and less than 36% is also protected by law. 3. Interest with an annual interest rate exceeding 36% is illegal interest and is not protected by law.

Legal basis: Enterprise Income Tax Law of People's Republic of China (PRC).

Article 6 The income in monetary form and non-monetary form obtained by an enterprise from various channels shall be the total income. Including: (1) income from sales of goods; (2) Income from providing labor services; (3) Income from property transfer; (four) dividends, bonuses and other equity investment income; (5) Interest income; (6) Rental income; (7) Royalty income; (8) Receiving donation income; (9) Other income.

Article 18 The losses incurred by an enterprise in a tax year may be carried forward to the following year to be made up with the income of the following year, but the longest carrying-forward period shall not exceed five years.