blue-check Regarding accounting of loan interest cost of enterprises having related-party transactions

Official letter No. 31449/CTHN-TTHT dated August 12th, 2021 of the Department of Taxation of Ha Noi city regarding guidelines on determination of deductible loan interest cost with regard to enterprises having related-party transactions
Posted: 23/8/2021 2:42:04 PM | Latest updated: 7/9/2021 3:41:39 PM (GMT+7) | LuatVietnam: 5283 | Vietlaw: 531

According to clause 3 Article 16 of Decree No. 132/2020/ND-CP, the limit of loan interest cost to be deducted of enterprises having related-party transactions is 30%.

The declaration of ratio of loan interest cost in a specific tax period shall be carried out according to the form and guidelines provided at Annex I of Decree No. 132/2020/ND-CP .

However, with regard to the issue relating to whether deferred payment interest belongs to the group loan interest cost to be deduced under the limit of 30% or not, it does not belong to scope of competence to provide guidelines of a tax authority. Enterprises should contact with other competent agencies for obtaining guidelines

Ms Phuong Thao (
Please tag when reposting this article
Related documents
Not found
Penalty document
Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 531
Files attachment
enflag pdficon CV31449-12082021CTHN[VLO].pdf
No data

Reasonable expenses