{"id":1663,"date":"2025-08-27T21:01:06","date_gmt":"2025-08-28T04:01:06","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=1663"},"modified":"2026-03-04T18:26:32","modified_gmt":"2026-03-05T01:26:32","slug":"quy-dinh-bao-lanh-khoan-vay","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/","title":{"rendered":"Loan guarantee regulations"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Loan guarantee regulations become a key factor to ensure legal safety and financial transparency. Loan guarantee regulations not only help businesses improve their credit reputation and access capital with better conditions, but are also associated with the obligation to declare and prepare documents according to <\/span><a href=\"https:\/\/vanban.chinhphu.vn\/default.aspx?pageid=27160&amp;docid=201522\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Decree 132\/2020\/ND-CP<\/span><\/a><span style=\"font-weight: 400;\"> and new texts such as <\/span><a href=\"https:\/\/vanban.chinhphu.vn\/?pageid=27160&amp;docid=212716\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Decree 20\/2025\/ND-CP<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understanding the legal framework, how to determine guarantee fees in accordance with market principles and preparing complete transaction documents will help businesses reduce tax risks, protect reputation and optimize long-term financial strategies.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#Khai_quat_ve_quy_dinh_bao_lanh_khoan_vay\" >Overview of loan guarantee regulations<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#Tam_quan_trong_cua_viec_tuan_thu_quy_dinh_bao_lanh_khoan_vay\" >The Importance of Loan Guarantee Compliance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#Khung_phap_ly_hien_hanh_ve_quy_dinh_bao_lanh_khoan_vay\" >Current legal framework on loan guarantee regulations<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#So_sanh_giua_2_Nghi_dinh_ve_quy_dinh_bao_lanh_khoan_vay\" >Comparison between 2 Decrees on loan guarantee regulations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#Rui_ro_phap_ly_va_thue_neu_vi_pham_quy_dinh_bao_lanh_khoan_vay\" >Legal and tax risks if loan guarantee regulations are violated<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#Ket_luan\" >Conclude\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/quy-dinh-bao-lanh-khoan-vay\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Khai_quat_ve_quy_dinh_bao_lanh_khoan_vay\"><\/span><b>Overview of loan guarantee regulations<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the process of raising capital, many businesses, especially subsidiaries or newly established units, often have difficulty accessing bank loans due to limitations in financial capacity or credit history. At this time, loan guarantees become an important regulation, when a third party, which can be the parent company, an affiliated company or a credit institution, commits to paying on behalf of the borrower if risks arise. This helps businesses get approved for loans more easily, with higher limits, lower interest rates and more flexible conditions.<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the loan guarantee regulations in Decree 132\/2020\/ND-CP and updated documents such as Decree 20\/2025\/ND-CP, when a guarantee transaction arises between related parties, this is considered an affiliated transaction and must be declared and explained transparently.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order for businesses to easily visualize and correctly apply legal regulations, it is necessary to summarize the main points of loan guarantee regulations. Loan guarantee regulations are an important basis for businesses to both comply with regulations and effectively manage financial activities related to loan guarantees. <\/span><span style=\"font-weight: 400;\">Let&#039;s find out with MAN - Master Accountant Network through the following summary table.<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><strong>Board:<\/strong> Summary of key points on loan guarantee regulations<\/caption>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Content<\/b><\/td>\n<td style=\"text-align: center;\"><b>Main regulations<\/b><\/td>\n<td style=\"text-align: center;\"><b>Legal basis<\/b><\/td>\n<td style=\"text-align: center;\"><b>Note\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Loan guarantee concept<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Commitment of a third party (parent company, affiliate, bank...) to pay on behalf of the borrower when the borrower fails to fulfill its obligations.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Civil Code 2015 and Decree 132\/2020\/ND-CP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">There must be a guarantee contract, clearly stating legal responsibility.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>When is it an affiliate transaction?<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Guarantees arising between related parties (parent - subsidiary, companies in the same group).<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Decree 132\/2020\/ND-CP, Decree 20\/2025\/ND-CP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Right <\/span><a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/khai-bao-giao-dich-lien-ket-2025\/\"><span style=\"font-weight: 400;\">declared in the related transaction records.<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Guarantee costs<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Determined on a market basis. The guarantee fee should be compared with the fee of a similar independent transaction.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Decree 132\/2020\/ND-CP; OECD guidelines<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Do not count 0% or free without proof.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Documents to prepare<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Guarantee contracts; credit risk analysis reports; comparative guarantee premium data; disclosures in financial statements.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Decree 132\/2020\/ND-CP, Vietnamese accounting standards.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Records must be kept for a minimum of 10 years.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Declaration obligation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Enterprises must declare guarantee transactions in Appendix I, II, III attached to the corporate income tax finalization declaration.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Decree 132\/2020\/ND-CP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Failure to declare may result in administrative penalties and tax assessments.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Risk of violation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">The cost of the guarantee is excluded, and tax arrears, late payment penalties and administrative fines are collected.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Law on Tax Administration, Decree 125\/2020\/ND-CP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Impact on reputation and financial reporting.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u00a0Loan guarantees in corporate finance activities are both an important capital support tool and a field that is strictly regulated by tax and accounting laws. Understanding the loan guarantee regulations not only helps businesses take advantage of financial advantages but also ensures legal safety, transparent reporting and maintains long-term reputation.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tam_quan_trong_cua_viec_tuan_thu_quy_dinh_bao_lanh_khoan_vay\"><\/span><b>The Importance of Loan Guarantee Compliance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to the loan guarantee regulations in Decree 132\/2020\/ND-CP and new documents such as Decree 20\/2025\/ND-CP, when a guarantee arises between related parties, this transaction will be considered an affiliated transaction and must be fully declared and documented.<\/span><\/p>\n<figure id=\"attachment_1976\" aria-describedby=\"caption-attachment-1976\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1976\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Tam-quan-trong-cua-viec-tuan-thu-quy-dinh-bao-lanh-khoan-vay.jpg\" alt=\"T\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh b\u1ea3o l\u00e3nh kho\u1ea3n vay\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Tam-quan-trong-cua-viec-tuan-thu-quy-dinh-bao-lanh-khoan-vay.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Tam-quan-trong-cua-viec-tuan-thu-quy-dinh-bao-lanh-khoan-vay-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Tam-quan-trong-cua-viec-tuan-thu-quy-dinh-bao-lanh-khoan-vay-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Tam-quan-trong-cua-viec-tuan-thu-quy-dinh-bao-lanh-khoan-vay-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Tam-quan-trong-cua-viec-tuan-thu-quy-dinh-bao-lanh-khoan-vay-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1976\" class=\"wp-caption-text\">The Importance of Loan Guarantee Compliance<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Loan guarantee regulations not only help businesses avoid tax and legal risks, but also create a transparent financial management foundation. Determining guarantee fees according to the market principle (arm&#039;s-length principle), keeping supporting records and publicizing them in financial statements helps businesses strengthen their creditworthiness, while improving their resilience to tax inspections. Especially in the context of tax authorities strengthening control over related-party transactions and corporate tax management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Decree 132\/2020\/ND-CP and Decree 20\/2025\/ND-CP, loan guarantees between related parties are considered related party transactions and must be fully declared and documented. Compliance with loan guarantee regulations brings many important benefits, specifically:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid tax and legal risks: Reduce the risk of penalties due to under- or incorrect declarations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensuring transparent financial management: Guarantee fees are determined according to the market principle (arm&#039;s-length principle), with clear evidence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthening credit reputation: Transparent records help businesses be more highly regarded in the eyes of financial institutions and partners.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase resilience to tax audits: Standard records help businesses minimize risks when tax authorities audit.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">In line with current tax management trends: As tax authorities increasingly tighten control over related transactions.<\/span><\/li>\n<\/ul>\n<blockquote><p><strong>See also:<\/strong> <a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-trong-giao-dich-lien-ket\/\">Interest expense in related-party transactions<\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Khung_phap_ly_hien_hanh_ve_quy_dinh_bao_lanh_khoan_vay\"><\/span><b>Current legal framework on loan guarantee regulations<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to Decree 132\/2020\/ND-CP, one of the important contents related to loan guarantee regulations is determining this as a form of <a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/tong-quan-giao-dich-lien-ket-2025\/\">affiliate transactions<\/a>Specifically, when enterprises in the same group or related parties implement regulations on loan guarantees for each other in the process of borrowing from banks or mobilizing finance, this transaction is no longer considered as purely internal support, but is regulated according to the tax management mechanism for related-party transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Decree requires enterprises to fully disclose information about loan guarantees, including the contract, the scope of the guarantee obligation, as well as the guarantee fee incurred. This fee must be determined according to the market price principle (arm&#039;s-length principle), that is, similar to the fee that the enterprise may have to pay to an independent party under similar conditions. In addition, the regulation also requires enterprises to establish and maintain transfer pricing records, in which the reasonableness of the guarantee fee, comparative data and impact on financial costs are analyzed.<\/span><\/p>\n<figure id=\"attachment_1977\" aria-describedby=\"caption-attachment-1977\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1977\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Khung-phap-ly-ve-quy-dinh-bao-lanh-khoan-vay.jpg\" alt=\"Khung ph\u00e1p l\u00fd v\u1ec1 quy \u0111\u1ecbnh b\u1ea3o l\u00e3nh kho\u1ea3n vay\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Khung-phap-ly-ve-quy-dinh-bao-lanh-khoan-vay.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Khung-phap-ly-ve-quy-dinh-bao-lanh-khoan-vay-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Khung-phap-ly-ve-quy-dinh-bao-lanh-khoan-vay-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Khung-phap-ly-ve-quy-dinh-bao-lanh-khoan-vay-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Khung-phap-ly-ve-quy-dinh-bao-lanh-khoan-vay-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1977\" class=\"wp-caption-text\">Legal framework for loan guarantee regulations<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In particular, the loan guarantee provisions in Decree 132\/2020\/ND-CP are also associated with the mechanism to control interest expenses, when the total interest expense after deducting income from deposit interest and loan interest is only calculated at a maximum of 30% EBITDA. This means that even if a business has a guarantee to borrow capital more conveniently, the financial costs incurred are still limited, in order to prevent the act of taking advantage of related-party transactions to transfer profits or avoid taxes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a business fails to comply with the regulations, the tax authority has the right to exclude the guarantee cost from deductible expenses, determine taxable income, and impose penalties and collect taxes. On the contrary, full compliance with Decree 132\/2020\/ND-CP will help businesses better manage legal risks, maintain transparency in financial management, and strengthen creditworthiness when accessing capital from banks and financial institutions.<\/span><\/p>\n<p><b>Example:<\/b><span style=\"font-weight: 400;\"> Company A is a subsidiary in Vietnam of a multinational corporation. In 2023, the company needs to borrow VND500 billion from a commercial bank to expand its factory. However, the bank requires a guarantee from the parent company abroad to ensure its ability to repay the loan.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 1: Identify the affiliate transaction<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When the parent company guarantees, this is considered an affiliated transaction according to the provisions of Decree 132\/2020\/ND-CP. Enterprise A must declare details in the affiliated transaction declaration and prepare a price determination dossier.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 2: Determine loan guarantee fee<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Company A conducts a comparative analysis with the market and determines a reasonable guarantee fee of 1%\/year on the loan balance, similar to the level commonly applied by banks and independent credit institutions.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 3: Create and keep records<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The dossier includes the guarantee contract, the arm&#039;s-length principle method of determining fees, a report analyzing risks and the impact on financial costs.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 4: Comply with regulations on interest costs<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Total interest expense plus guarantee fee is compared with the 30% EBITDA ceiling under Decree 132 to ensure that it does not exceed the limit.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Result<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When the tax authority conducted an inspection, Company A proved that it fully complied with loan guarantee regulations, had transparent records, and guaranteed fees in line with the market. Therefore, the entire guarantee cost was accepted as a reasonable and valid cost, helping the company save taxes and strengthen its reputation with the bank.<\/span><\/p>\n<blockquote><p><b>Source:<\/b><a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-132-2020-ND-CP-quy-dinh-quan-ly-thue-doi-voi-doanh-nghiep-co-giao-dich-lien-ket-452218.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\"> Decree 132\/2020\/ND-CP on regulations on loan interest protection<\/span><\/a><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"So_sanh_giua_2_Nghi_dinh_ve_quy_dinh_bao_lanh_khoan_vay\"><\/span><b>Comparison between 2 Decrees on loan guarantee regulations<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To help businesses easily visualize the changes in policy, especially points related to loan guarantee regulations in related-party transactions, let&#039;s look at the detailed comparison table between Decree 132\/2020\/ND-CP and Decree 20\/2025\/ND-CP on loan guarantee regulations below:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><strong>Board:<\/strong> Comparison between 2 Decrees on loan guarantee regulations<\/caption>\n<tbody>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px; text-align: center;\"><b>Criteria\u00a0<\/b><\/td>\n<td style=\"height: 56px; text-align: center;\"><b>Decree 132\/2020\/ND-CP<\/b><\/td>\n<td style=\"height: 56px; text-align: center;\"><b>Decree 20\/2025\/ND-CP<\/b><\/td>\n<td style=\"height: 56px; text-align: center;\"><b>New and Impact\u00a0<\/b><\/td>\n<\/tr>\n<tr style=\"height: 128px;\">\n<td style=\"height: 128px;\"><b>Loan guarantee concept<\/b><\/td>\n<td style=\"height: 128px;\"><span style=\"font-weight: 400;\">Determining guarantees arising between related parties is a related party transaction that must be declared and documented.<\/span><\/td>\n<td style=\"height: 128px;\"><span style=\"font-weight: 400;\">Maintain the definition, but expand the scope of application to include indirect forms of guarantees (e.g. guarantees through subsidiaries, joint ventures).<\/span><\/td>\n<td style=\"height: 128px;\"><span style=\"font-weight: 400;\">Businesses need to review hidden guarantees to avoid missing declarations.<\/span><\/td>\n<\/tr>\n<tr style=\"height: 104px;\">\n<td style=\"height: 104px;\"><b>Loan guarantee fee<\/b><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Requirements are determined on the arm&#039;s-length principle.<\/span><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Add more specific guidance on how to determine guarantee fees based on comparative data from banks and independent credit institutions<\/span><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Reduce the risk of having expenses rejected by tax authorities due to lack of valuation basis.<\/span><\/td>\n<\/tr>\n<tr style=\"height: 104px;\">\n<td style=\"height: 104px;\"><b>Deductible expenses<\/b><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Total interest expense (including guarantee fees) is capped at 30% EBITDA.<\/span><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Cost control ratios can be adjusted for each industry or sector with large borrowing characteristics (for example, infrastructure, energy).<\/span><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Some businesses with high debt capital benefit from the loosening of the ceiling.<\/span><\/td>\n<\/tr>\n<tr style=\"height: 128px;\">\n<td style=\"height: 128px;\"><b>Affiliate Transaction Profile<\/b><\/td>\n<td style=\"height: 128px;\"><span style=\"font-weight: 400;\">Enterprises must establish and keep guarantee contracts, fee calculation methods, and related documents.<\/span><\/td>\n<td style=\"height: 128px;\"><span style=\"font-weight: 400;\">Requires additional credit risk analysis and demonstration of the economic role of the guarantee.<\/span><\/td>\n<td style=\"height: 128px;\"><span style=\"font-weight: 400;\">The records must be more detailed, which increases transparency but also increases the workload of accounting and tax.<\/span><\/td>\n<\/tr>\n<tr style=\"height: 104px;\">\n<td style=\"height: 104px;\"><b>Penalty for violations<\/b><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Enterprises that do not declare or declare incorrectly may have their expenses excluded, their income determined, and their taxes collected.<\/span><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">In addition to administrative sanctions, stronger measures should be added, such as publicizing violations in tax reports.<\/span><\/td>\n<td style=\"height: 104px;\"><span style=\"font-weight: 400;\">Businesses are under more pressure and need to comply closely.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Through the comparison table, it can be seen that Decree 20\/2025\/ND-CP does not change the nature of loan guarantee regulations, but tightens transparency, adds detailed instructions and increases sanctions. This forces businesses with related-party transactions to proactively prepare thorough records, control guarantee costs according to the market, and at the same time adhere to legal compliance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rui_ro_phap_ly_va_thue_neu_vi_pham_quy_dinh_bao_lanh_khoan_vay\"><\/span><b>Legal and tax risks if loan guarantee regulations are violated<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In corporate finance activities, compliance with loan guarantee regulations is mandatory, because if violated, businesses may face many serious legal and tax risks:<\/span><\/p>\n<figure id=\"attachment_1978\" aria-describedby=\"caption-attachment-1978\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1978\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Rui-ro-phap-ly-vi-pham-quy-dinh-bao-lanh-khoan-vay.jpg\" alt=\"R\u1ee7i ro ph\u00e1p l\u00fd vi ph\u1ea1m quy \u0111\u1ecbnh b\u1ea3o l\u00e3nh kho\u1ea3n vay\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Rui-ro-phap-ly-vi-pham-quy-dinh-bao-lanh-khoan-vay.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Rui-ro-phap-ly-vi-pham-quy-dinh-bao-lanh-khoan-vay-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Rui-ro-phap-ly-vi-pham-quy-dinh-bao-lanh-khoan-vay-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Rui-ro-phap-ly-vi-pham-quy-dinh-bao-lanh-khoan-vay-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/08\/Rui-ro-phap-ly-vi-pham-quy-dinh-bao-lanh-khoan-vay-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1978\" class=\"wp-caption-text\">Legal risks of violating loan guarantee regulations<\/figcaption><\/figure>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exclude underwriting costs from deductible expenses:<\/b><span style=\"font-weight: 400;\"> If the guarantee fee is not determined on a market basis or there is no adequate supporting documentation, the tax authority has the right to exclude this expense from the reasonable expenses, increasing taxable income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax assessment and collection:<\/b><span style=\"font-weight: 400;\"> In case an enterprise fails to declare or incorrectly declares related transactions related to guarantees, the tax authority may apply tax assessment measures and simultaneously collect the outstanding tax amount along with late payment fees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Administrative sanctions:<\/b><span style=\"font-weight: 400;\"> According to Decree 125\/2020\/ND-CP on administrative sanctions for tax violations, violations of declaration, late submission of documents or failure to comply with obligations related to loan guarantee regulations may be subject to fines, or even heavier penalties if there are signs of tax evasion.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Impact on reputation and creditworthiness: <\/b><span style=\"font-weight: 400;\">Violations of regulations not only affect tax obligations, but also affect financial transparency, cause loss of reputation with banks and investors, and reduce access to capital in the future.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Risk of in-depth inspection and testing:<\/b><span style=\"font-weight: 400;\"> Enterprises that violate the law are easily classified by tax authorities as high-risk, and are therefore subject to closer and more frequent supervision during tax inspections, directly affecting business operations.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In short, non-compliance with loan guarantee regulations means that businesses put themselves in a spiral of legal and tax risks, increasing financial costs, destabilizing governance and possibly having long-term impacts on sustainable development.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Loan guarantees are not only a legal requirement, but also closely linked to the financial management and tax strategy of enterprises. Full compliance will help enterprises optimize legal costs, maintain transparency and protect reputation in the context of tax authorities increasingly tightening the management of related-party transactions.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Loan guarantee regulations not only help businesses avoid legal and tax risks, but also serve as a foundation for building a transparent financial management system, strengthening credit reputation and enhancing competitiveness. In the context of tax authorities increasing supervision of related-party transactions and internal financial activities of the group, businesses need to proactively review, prepare complete records and apply market principles to protect their legitimate rights.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether it&#039;s loan guarantees, reporting related party transactions or optimizing tax strategies,<\/span><span style=\"font-weight: 400;\"> Contact MAN \u2013 Master Accountant Network now<\/span><span style=\"font-weight: 400;\"> Leading consulting firm in the field of tax management and related party transactions. MAN \u2013 Master Accountant Network is committed to accompanying, providing professional, transparent and effective solutions, helping businesses develop sustainably.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Contact information MAN \u2013 Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mobile \/ Zalo: 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">E-mail: <\/span><a href=\"mailto:man@man.net.vn\"><span style=\"font-weight: 400;\">man@man.net.vn<\/span><\/a><\/li>\n<\/ul>\n<p>Content production by: Mr.\u00a0<a href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" target=\"_blank\" rel=\"noopener nofollow\">Le Hoang Tuyen<\/a>\u00a0\u2013 Founder &amp; CEO MAN \u2013 Master Accountant Network, Vietnamese CPA Auditor with over 30 years of experience in Accounting, Auditing and Financial Consulting.<\/p>\n<p style=\"text-align: right;\"><b>Editorial Board: MAN \u2013 Master Accountant Network<\/b><\/p>","protected":false},"excerpt":{"rendered":"<p>Quy \u0111\u1ecbnh b\u1ea3o l\u00e3nh kho\u1ea3n vay tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 then ch\u1ed1t \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o an to\u00e0n ph\u00e1p l\u00fd v\u00e0 minh b\u1ea1ch t\u00e0i ch\u00ednh. Quy \u0111\u1ecbnh b\u1ea3o l\u00e3nh kho\u1ea3n vay kh\u00f4ng ch\u1ec9 gi\u00fap doanh nghi\u1ec7p n\u00e2ng cao uy t\u00edn t\u00edn d\u1ee5ng, ti\u1ebfp c\u1eadn v\u1ed1n v\u1edbi \u0111i\u1ec1u ki\u1ec7n t\u1ed1t h\u01a1n m\u00e0 c\u00f2n g\u1eafn li\u1ec1n v\u1edbi ngh\u0129a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,7],"tags":[],"class_list":["post-1663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bao-lanh-khoan-vay-va-gdlk","category-phan-tich-nganh"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/1663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=1663"}],"version-history":[{"count":6,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/1663\/revisions"}],"predecessor-version":[{"id":3051,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/1663\/revisions\/3051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/1975"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=1663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=1663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=1663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}