1. Bond interest income is taxable income. Bond interest income shall be accrued daily during the actual holding period of the bond, and shall be recorded according to the face value of the bond and the amount accrued by coupon rate. The total taxable amount included in the income of the enterprise shall be taxed according to the applicable income tax rate of the enterprise (generally 25%), and the personal income tax shall be calculated at 20%.
2. Debt interest income belongs to tax-free income. The State Council 1992 issued the "People's Republic of China (PRC) Treasury Bill Regulations" (the State Council Decree No.95) Article 12 stipulates that the interest income of treasury bills enjoys tax exemption. At present, Article 21 of the Detailed Rules for the Implementation of the Interim Regulations on Enterprise Income Tax, which is domestically funded, also stipulates: "The interest income of taxpayers purchasing government bonds is not included in the taxable income." Bond interest refers to the interest that the fund assets get regularly because they invest in different types of bonds (national debt, local government bonds, corporate bonds, financial bonds, etc.). ).
3. China's "Interim Measures for the Management of Securities Investment Funds" stipulates that the proportion of funds investing in government bonds shall not be less than 20% of the fund's net asset value. Therefore, bond interest is also an indispensable part of investment return.
4. Notice of State Taxation Administration of The People's Republic of China on the exemption of interest income from local government bonds from income tax;
The interest income of local government bonds issued by enterprises and individuals in 2009, 20 10, 20 1 1 year shall be exempted from enterprise income tax and personal income tax; Local government bonds refer to bonds issued and repaid by the governments of provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning with the approval of the State Council.
5. Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on enterprise income tax policy for interest income from railway construction bonds: the interest income obtained by enterprises holding China railway construction bonds issued in 2011-2013 years will be subject to enterprise income tax at half; China Railway Construction Bond refers to the bond issued and repaid by the Ministry of Railways with the approval of the National Development and Reform Commission.