There are three methods for calculating business tax in the financial industry: First, for general loans, pawns, financial brokerage and other intermediary services, the full amount of interest income or the full amount of fee income is determined as business. Amount; second, for on-lending foreign exchange, the balance after loan interest income minus interest payments for overseas borrowings is the turnover; third, for transfers of financial products such as foreign exchange, securities, futures, etc., the sales price minus the purchase price The remaining difference is the turnover.

1. The turnover of general loan business is loan interest income (including various interest increases, penalty interest, etc.).

2. A financial lease is the balance after deducting the actual cost of the leased goods borne by the lessor from the total price and extra-price expenses (including residual value) charged to the lessee, and converts the current period into the current period using the straight-line method. of turnover. (Single-choice calculation question)

3. Financial product transfer business is divided into four categories: stocks, bonds, foreign exchange, and other categories. The positive and negative differences arising from the purchase and sale of financial products of the same category and different types can be offset within the same tax period. If a negative difference still occurs after offsetting, the difference can be carried forward to the next tax period to offset. However, if a negative difference still occurs at the end of the year, the difference shall not be Carry over to the next fiscal year.

4. According to Guoshuifa [2004] No. 3 document, the taxable turnover of business tax in the capital market shall be implemented in accordance with the following regulations: The securities transaction supervision fees of Shanghai and Shenzhen stock exchanges are allowed to be calculated from their business tax. The futures market supervision fees collected by Shanghai, Zhengzhou and Dalian Futures Exchanges are allowed to be deducted from their business tax turnover.

The following fees collected by securities companies are allowed to be deducted from their taxable turnover: securities transaction supervision fees collected for stock exchanges; stock exchange handling fees collected for buying and selling securities on behalf of others; China Securities Depository and Clearing Corporation collects shareholder account opening fees (including A shares and B shares), special transfer stock account opening fees, transfer fees, B share settlement fees, and custody transfer fees.

5. All income from financial brokerage business and other financial business (intermediary business) in the form of handling fees (commissions) includes out-of-price advances, collection and payment fees (such as postal and telecommunications fees, cost), etc., no deductions shall be made therefrom.

The receivable and uncollected interest (including self-operated loan interest and entrusted loan interest) that has already paid business tax and occurred after January 1, 2001 by financial enterprises, if it exceeds the accounting period for receivable and uncollected interest ( (adjusted from 180 days to 90 days starting from January 1, 2001), if the loan principal has not been recovered or the loan principal has not been recovered after maturity (including extension), it can be deducted from future turnover. (Calculation question)

Note: (1) Loan accounting period: 90 days.

(2) Interest settlement date: The interest settlement date for working capital is the 20th of the last month of each quarter.

(3) Loan principal maturity means that the loan matures in two years. If the principal is not repaid after two years, interest will still be accrued.

Example: A bank provided a loan to Company A on January 1, 2008. The loan term is 1 year and the interest per quarter is 1 million. If the bank receives the interest from Company A on March 20, Borrow a bank deposit of 1 million yuan and borrow the main business income-interest income of 1 million yuan. Pay 5% business tax, borrow the business tax and surcharge of 50,000, and borrow the tax payable - the business tax payable is 50,000.

If you have not received loan interest of 1 million by March 20, borrow 1 million from accounts receivable, and earn 1 million from loan interest, you must also calculate and pay business tax, borrow business tax and a surcharge of 50,000, and the loan should be Pay taxes and fees - 50,000 business tax should be paid.

The accrual basis should be implemented within the 90-day loan accounting period, and the cash basis should be implemented after 90 days.

However, the loan interest has not been received on June 20. The financial company’s accountant made a red letter voucher to offset the interest income of 1 million confirmed on March 20, 2008. Then the interest income of 1 million was borrowed, and the loan should be The collection of accounts of 1 million is equivalent to reducing the taxable turnover in June and refunding the business tax in disguise.

On July 5, the financial enterprise received interest, borrowed 1 million yuan from bank deposits, and borrowed 1 million yuan from its main business income - interest income. The interest income was reconfirmed and paid business tax.

If the loan principal is overdue and the loan principal is not repaid in January 2009, the financial enterprise will still have to calculate interest on March 20, 2009, borrow accounts receivable, and earn interest income from the loan; at the same time, the loan principal will be Business taxes and surcharges, taxes payable - business tax payable. On June 20, 2009, the red letter voucher was used to offset it. When the principal and interest were received in September 2009, the bank deposit was borrowed and the main business income-interest income was borrowed; at the same time, the business tax and surcharges were borrowed and the loan should be Pay taxes – Business tax is payable.

Enterprise groups or core enterprises within the group entrust the financial company affiliated to the enterprise group to act as an agent for unified borrowing and repayment of loans. The interest obtained from the financial company and returned to the financial institution is not subject to business tax; the financial company is responsible for this In the unified borrowing and repayment entrusted loan business, no business tax will be withheld and paid on loan interest collected from loan enterprises.

The People's Bank of China does not levy business tax on the loan business of financial institutions. The People's Bank of China shall levy business tax on corporate loans or loans entrusted to financial institutions; no business tax is levied on the long-term income of cashiers of financial institutions.

Securities companies can treat the commissions collected from customers when trading securities as turnover for calculating business tax.

If the discount amount given by a securities company to a client and the commission amount charged to the client are stated on the same securities transaction delivery certificate, business tax can be levied on the commission amount after the discount; if the discount amount is issued in a separate voucher or invoice, regardless of the other No matter how you handle it financially, the discount amount cannot be deducted from the commission-based sales tax.

For the insurance industry, in principle, the full amount of income is considered as turnover.

If an insurance company carries out non-compensation incentive business, the actual premium collected from the policy holder shall be the turnover.

Business tax is not levied on insurance companies’ amortized reinsurance costs.

Explanation of "sharing reinsurance costs":

If it is domestic reinsurance business, and the primary insurer undertakes an insurance business, there should be a reinsurer according to legal provisions. Just find another insurance company in China to serve as the ceded insurance company. The primary insurance company will pay the business tax, and the ceded insurance company will no longer pay the business tax.

If it is domestic and overseas reinsurance business, the insurance company undertakes an insurance business with the subject matter within China, charging 200 million yuan and giving 70 million yuan to overseas, and the primary insured pays business tax based on 130 million yuan. , and at the same time, the overseas cedant’s business tax of RMB 70 million should be withheld. If a claim occurs, the domestic insurance company will first pay the customer, and then request compensation from the overseas insurance company. Assume that the overseas insurance company returns RMB 50 million to the domestic insurance company. , this 50 million yuan is called "recovery of reinsurance costs". The business tax of 50 million was paid initially, but no business tax will be paid when it is amortized.

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