Can all interest expenses be deducted before tax?

A: Is there interest on the loan? Not necessarily.

According to Article 30 of the Regulations for the Implementation of the Enterprise Income Tax Law, the following interest expenses incurred in the production and operation activities of the enterprise car sales property are allowed to be deducted:

1. Interest expenses incurred by non-financial enterprises on loans from financial enterprises, interest expenses on deposits of financial enterprises, interest expenses on interbank loans, and interest expenses on bonds issued by enterprises with approval;

2. The interest expense of non-financial enterprises borrowing from non-financial enterprises shall not exceed the amount calculated according to the interest rate of similar loans of financial enterprises in the same period.

The standard for pre-tax deduction of interest expenses is as follows: 1. The interest expense of the first housing loan incurred by the taxpayer himself or his spouse using a commercial bank or housing provident fund personal housing loan alone or jointly to purchase a house in China for himself or his spouse shall be deducted according to the standard fixed amount of RMB 1,000 per month in the year in which the loan interest is actually incurred, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy the interest deduction on the first home loan.

The term "first housing loan" in these measures refers to the housing loan for the purchase of housing and the interest rate of the first housing loan. Two auspicious banquet skins, by the agreement of the husband and wife, can choose to be deducted by one of the parties, and the specific deduction method cannot be changed within a tax year. The first housing loan incurred by the husband and wife respectively before marriage, the loan interest expense, after marriage, can choose one of them to purchase a house, by the purchaser according to the deduction standard of 100, can also be deducted by the husband and wife according to the deduction standard of 50, the specific deduction method can not be changed in a tax year.

Articles 14 and 15 of the Interim Measures for Additional Deduction of Individual Income Tax Special Xiangzhou.

Reasonable expenses actually incurred by an enterprise in connection with the acquisition of income, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted in the calculation of taxable income.

Management fees paid between enterprises, rents and royalties paid between business establishments within enterprises, and interest paid between business establishments within non-bank enterprises shall not be deducted.

Reasonable borrowing expenses incurred by enterprises in production and business activities that do not need to be capitalized are allowed to be deducted. If an enterprise borrows money for the purchase or construction of fixed assets, intangible assets and inventory that can only be sold after more than 12 months of construction, the reasonable borrowing costs incurred during the purchase and construction of the relevant assets shall be included in the cost of the relevant assets as capital expenditure and deducted in accordance with the provisions of these Regulations.

The following interest expenses incurred by an enterprise in its production and business activities are allowed to be deducted:

1) Interest expenses incurred by non-financial enterprises on loans from financial enterprises, interest expenses on deposits and interbank loans of financial enterprises, and interest expenses on bonds issued by enterprises with approval (2) Interest expenses incurred by non-financial enterprises on loans to non-financial enterprises shall not exceed the amount calculated according to the interest rate of similar loans of financial enterprises in the same period.

Legal basis: Enterprise Income Tax Law of the People's Republic of China Article 8 The reasonable expenses actually incurred by an enterprise in connection with the income obtained, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted when calculating the taxable income.

Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China

Article 49 Management fees paid between enterprises, rents and royalties paid between business establishments within enterprises, and interest paid between business establishments within non-bank enterprises shall not be deducted.

Article 37 Reasonable borrowing expenses incurred by enterprises in production and business activities that do not need to be capitalized shall be allowed to be deducted. If an enterprise borrows money for the purchase or construction of fixed assets, intangible assets and inventories that can only be sold after more than 12 months of construction, the reasonable borrowing costs incurred during the purchase and construction of the relevant assets shall be included in the cost of the relevant assets as a capital expenditure offset and deducted in accordance with the provisions of these Regulations.

Article 38 The following interest expenses incurred by an enterprise in its production and business activities shall be allowed to be deducted:

1) Interest expenses incurred by non-financial enterprises on loans from financial enterprises, interest expenses on deposits and interbank loans of financial enterprises, and interest expenses on bonds issued by enterprises with approval (2) Interest expenses incurred by non-financial enterprises on loans to non-financial enterprises shall not exceed the amount calculated according to the interest rate of similar loans of financial enterprises in the same period.