定了！增值税贷款利息及相关费用不得抵税

Core Viewpoint - The expectation for the tax deduction of loan interest and related fees has been dashed, as the Ministry of Finance and the State Administration of Taxation have clarified that these expenses will not be deductible under the new VAT regulations set to take effect in 2026 [1][2]. Group 1: Tax Regulations - The draft regulations explicitly state that taxpayers cannot deduct input tax related to loan services and associated fees from their output tax [1][2]. - This aligns with existing regulations, which have historically prohibited the deduction of input tax for loan services and related fees [3]. Group 2: Financial Implications - The VAT is a significant source of revenue for the Chinese government, projected to generate approximately 6.57 trillion yuan in 2024, accounting for 38% of total tax revenue [1]. - Allowing deductions for loan-related expenses could significantly reduce tax revenue, potentially leading to a loss of several hundred billion yuan, which is not feasible given current fiscal constraints [4]. Group 3: International Comparison - Different countries have varying policies regarding the deductibility of input tax on loan services; for instance, Germany allows it, while Australia and Japan do not [4]. - The decision on whether to allow such deductions in China is influenced by the country's economic policies, tax structure, and financial regulatory environment [4].