国务院暂不允许贷款利息抵税 但仍存想象空间

Core Viewpoint - The new implementation of the VAT law in China has confirmed that interest expenses on loans and related fees cannot be deducted from VAT, but the use of the term "temporarily" suggests that future evaluations may allow for changes in this policy [1][3]. Group 1: VAT Law Implementation - The newly implemented VAT law specifies that taxpayers cannot deduct interest expenses on loans and related fees from their VAT [1]. - The addition of the word "temporarily" in the final version of the VAT law indicates a potential for future reassessment of this policy [1][3]. - The State Council's financial and tax authorities are tasked with evaluating the effects of this policy over time [1]. Group 2: Impact on Businesses - The inability to deduct loan interest and related fees increases the financial burden on companies and disrupts the VAT deduction chain, leading to unfair tax burdens across different industries [2][3]. - The current VAT system in China is seen as one of the most comprehensive globally, with financial services being taxed under a general taxation method, which complicates the deduction process for businesses [3]. Group 3: Future Reform Possibilities - Experts suggest that the current situation is a temporary measure, and there is a possibility for future reforms that may allow for the deduction of loan interest under certain conditions [3][4]. - The gradual implementation of reforms is recommended, potentially starting with specific industries such as manufacturing, allowing for partial deductions based on fiscal conditions [5]. - The flexibility of the reform process is enhanced as changes can be made through amendments to the VAT implementation regulations rather than requiring new legislation [5].