First, understand the types of loan interest invoices.
Special VAT invoices are different from ordinary invoices in tax treatment. Special tickets can be deducted from the input tax, but ordinary tickets can't. Therefore, it is beneficial for ordinary taxpayers to get special votes.
Second, determine the conditions for issuing invoices.
1. Borrower's tax payment: Ordinary taxpayers can usually ask for special tickets, while small-scale taxpayers can only accept ordinary tickets.
2. Purpose of the loan: If the loan is used for VAT taxable items, such as purchasing raw materials and equipment, special bills may be required for interest expenses. However, if the loan is used for non-VAT taxable items, such as personal consumption and employee welfare, only ordinary tickets can be issued.
Third, the invoice issuing process
1. The borrower applies to the lending institution: the borrower needs to explicitly request the lending institution to issue an invoice and explain the required invoice type.
2. Lending institutions review and issue invoices: After receiving the borrower's application, lending institutions will review its tax payment and loan purposes, and then decide whether to issue special tickets or ordinary tickets. If it meets the requirements, the lending institution shall issue invoices in accordance with relevant regulations.
Fourth, matters needing attention
1. Compliance with tax laws: When issuing and processing invoices, borrowers and lending institutions must strictly abide by the provisions of national tax laws to ensure legal compliance.
2. Keep relevant vouchers: Borrowers and lending institutions should properly keep relevant vouchers and materials of invoices for inspection by tax authorities.
To sum up:
The type of invoice for loan interest depends on the borrower's tax status and the purpose of the loan. When the general taxpayer's loan is used for VAT taxable items, it may be required to issue a special VAT invoice; Otherwise, you can only make an ordinary invoice. When handling invoices, borrowers and lending institutions shall abide by the provisions of the tax law and keep relevant vouchers.
Legal basis:
Provisional Regulations of People's Republic of China (PRC) Municipality on Value-added Tax
Article 9 provides that:
If taxpayers purchase goods, labor services, services, intangible assets and real estate, and the VAT deduction vouchers obtained do not conform to laws, administrative regulations or the relevant provisions of the competent tax authorities in the State Council, they shall not deduct the input tax from the output tax.
Measures of People's Republic of China (PRC) Municipality on Invoice Management
Article 20 provides that:
Units and individuals that sell goods, provide services and engage in other business activities collect money from foreign operations, and the payee shall issue invoices to the payer; Under special circumstances, the payer will issue an invoice to the payee.
Article 2 1 stipulates that:
All units and individuals engaged in production and business activities shall ask the payee for invoices when purchasing goods, receiving services and paying other business expenses. When obtaining the invoice, you are not allowed to change the name and amount.