1. Enterprises shall pay value-added tax on interest income (guarantee income, remuneration, capital occupation fee, compensation, etc.) according to loan business. Holding period of financial commodities (including maturity date);
2. The above-mentioned non-guaranteed income obtained during the holding period (including maturity) of financial goods purchased by enterprises does not belong to interest or interest income, and VAT is not levied;
3. The deposit interest income received by the enterprise belongs to non-taxable income, and there is no need to pay VAT or invoice the bank. With the help of bank statements, accounting can be handled and financial expenses can be directly reduced.
People's Republic of China (PRC) tax collection management law
Article 30
Withholding agents shall perform the obligations of withholding and collecting taxes in accordance with the provisions of laws and administrative regulations. The tax authorities shall not require units and individuals that have no obligation to withhold and remit, collect and remit according to laws and administrative regulations to fulfill their obligation to withhold and remit. When withholding agents perform their obligations according to law, taxpayers shall not refuse to withhold or collect taxes. If the taxpayer refuses, the withholding agent shall promptly report to the tax authorities for handling. The tax authorities shall, in accordance with the provisions, pay the withholding agents the handling fees for withholding and collecting and remitting.