Official letter No. 14938/BTC-TCT dated December 29th, 2021 of the Ministry of Finance regarding loan interest cost in related-party transactions

The Ministry of Finance notes that in case enterprises engaged in related-party transactions under the scope of adjustment of Decree No. 20/2017/ND-CP , Decree No. 68/2020/ND-CP and Decree No. 132/2020/ND-CP, they shall be subject to the limit on loan interest cost according to clause 3 Article 8 of Decree No. 20/2017/ND-CP (amended at Article 1 of Decree No. 68/2020/ND-CP ) and according to clause 3 Article 16 of Decree No. 132/2020/ND-CP (from December 20th, 2020). Applicable laws do not have regulation on exemption from application of the aforesaid regulations with regard to a specific taxpayer.