That the borrower must repay

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has the following results The borrower signed a long-term loan agreement with an unrelated party for the amount of, . According to the provisions of the agreement, the loan will be repaid in installments, with the final repayment date being year; the loan has nothing to do with commercial activities, and neither party to the loan agreement is operating a business; the loan is interest-free, and both parties have not made any reference to the interest-free nature of the loan.

In the agreement. regulations, but there is no requirement the loan with interest; the loan was philippines photo editor issued without any capital return to the lender; the contract was reported to the director of the tax bureau and civil law transaction tax was paid. However, borrowers question whether this is not a free service for them. In a published explanation, the State Director of Tax Information.



Explained that if the parties to a contract agree that a loan is granted without any remuneration, then it is essentially gratuitous, explaining that, taking into account the presented description of the facts and the basis According to the above-mentioned legal provisions, it should be noted that if the parties to the loan contract prove that the loan issuance does not result in any remuneration for the lender to provide funds to the borrower.