clear financial enterprises of
the Ministry of Finance, State Administration of Taxation, the loan loss reserve pre-tax, net of related policies
Xinhua Beijing on February 14 the Ministry of Finance, the State Administration of Taxation recently issued a circular, clear policy banks, commercial banks, finance companies, urban and rural credit cooperatives and financial leasing companies, financial The corporate loan loss reserve tax deduction policy.
According to the notice, shall be permitted to pre-tax loan loss reserve loan assets include: loans (including mortgage, pledge, guarantee loans); bank card overdrafts, discount, credit advances ( including bank acceptances advances, letters of credit advances, guarantees, advances, etc.), import-Interbank risk assets of the finance lease receivable and other loan features; lending by financial enterprises and bear external responsibility for repayment of foreign loans, including loans from international financial, foreign buyer credit, loans from foreign governments, the Japan Bank for International Cooperation is not attached to the conditions of the loans and foreign government mixed loans and other assets.
at the same time, financial enterprises entrusted loan, agent loans, investment in bonds, dividends receivable, turned over to the central bank reserves and the financial enterprise debt and equity stripping, financial interest subsidy receivable, balances with central banks risk and loss of assets, may not draw down the loan loss reserve in the tax deduction.
this notice since January 1, 2011 until December 31, 2013 only.
financial channels. _ Xinhua