How do shareholders pay taxes when they borrow money from the company?

Legal analysis: when a company lends money to shareholders, it must charge interest from shareholders and pay value-added tax according to the interest of private lending. It is not in line with the principle of fair trade for a company to lend to shareholders for free. The paid-in capital after the establishment of the company brings economic benefits to the company, not serves individual shareholders. If interest income is not calculated, shareholders are suspected of fleeing registered capital, which will make them pay personal income tax.

Legal basis: Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Regulating the Collection and Management of Individual Income Tax of Individual Investors Article 1 Concerning the handling of individual investors paying consumption expenses with the funds of enterprises (including sole proprietorship enterprises, partnerships and other enterprises) and buying family property for themselves, family members and their related personnel, individual investors of sole proprietorship enterprises and partnerships take enterprise funds as their own. Family members and their related personnel pay consumption expenses unrelated to the production and operation of the enterprise and purchase property expenses such as automobiles and houses, which are regarded as profits distributed by the enterprise to the individual investors and incorporated into the income from the individual production and operation of the investors, and personal income tax is levied 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".

The above expenses of the enterprise are not allowed to be deducted before income tax.