Circular on Relevant Tax Policies for Small Loan Companies

Circular on Relevant Tax Policies for Small Loan Companies

Cai Shui [2017] No.48

June 9, 2017

The financial departments (bureaus), offices of the State Administration of Taxation and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan, and the Financial Bureau of Xinjiang Production and Construction Corps,

In order to guide small loan companies to play their role in serving "agriculture, rural areas and farmers", small and micro enterprises, etc., and better serve the development of the real economy, relevant tax policies for small loan companies are hereby notified as follows:

I. From January 1, 2017 to December 31, 2019, the interest income derived from granting small loans to farmer households by small loan companies that are established upon approval of the provincial administrative departments of finance (finance offices or bureaus) is exempt from value-added tax (VAT).

II.
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