{"id":1702,"date":"2025-09-03T01:10:59","date_gmt":"2025-09-03T08:10:59","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=1702"},"modified":"2025-10-07T21:50:51","modified_gmt":"2025-10-08T04:50:51","slug":"chi-phi-lai-vay-doanh-nghiep-fdi-2025","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/","title":{"rendered":"Find out the interest costs of FDI enterprises in 2025"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Why is the management and accounting of interest expenses of FDI enterprises vital to business operations? In fact, interest expenses of FDI enterprises have emerged as a key issue in financial management and tax law compliance. Not only directly affecting the efficiency of capital use, interest expenses are also an important criterion in controlling related party transaction risks and financial reporting transparency. The management of interest expenses of FDI enterprises is directly regulated by <\/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 the latest update is <\/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;\">These documents clearly stipulate the principles of controlling interest expenses, the transition mechanism between tax periods as well as the obligation to declare related-party transactions.<\/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' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Khai_niem_chi_phi_lai_vay_doanh_nghiep_FDI\" >Concept of interest expense of FDI enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Tam_quan_trong_cua_chi_phi_lai_vay_doanh_nghiep_FDI\" >The importance of interest costs for FDI enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Phan_biet_chi_phi_lai_vay_voi_cac_loai_chi_phi_tai_chinh_khac\" >Distinguish interest expense from other types of financial expenses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Y_nghia_cua_viec_xac_dinh_dung_chi_phi_lai_vay_doanh_nghiep_FDI\" >The significance of correctly determining interest costs for FDI enterprises<\/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\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Dinh_nghia_chi_phi_lai_vay_duoc_tru_va_khong_duoc_tru_trong_doanh_nghiep_FDI\" >Definition of deductible and non-deductible interest expenses in FDI enterprises<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Chi_phi_lai_vay_duoc_tru\" >Interest expense is deductible.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Chi_phi_lai_vay_khong_duoc_tru\" >Non-deductible interest expenses<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Rui_ro_khi_doanh_nghiep_FDI_quan_ly_sai_chi_phi_lai_vay\" >Risks when FDI enterprises mismanage interest expenses<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Nguy_co_bi_loai_tru_chi_phi_khi_quyet_toan_thue\" >Risk of expense exclusion when settling taxes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Rui_ro_ve_giao_dich_lien_ket_va_chuyen_gia\" >Risks of related party transactions and transfer pricing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Anh_huong_den_uy_tin_dong_von_va_bao_cao_tai_chinh_hop_nhat\" >Impact on reputation, capital flows and consolidated financial statements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Ap_dung_co_che_chuyen_tiep_chi_phi_lai_vay_de_giam_rui_ro\" >Apply interest cost pass-through mechanism to reduce risk<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Theo_doi_va_tinh_toan_hang_nam\" >Annual tracking and calculation.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Chinh_sach_noi_bo_ve_phan_bo_chuyen_tiep\" >Internal policy on forward allocation.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Ket_hop_voi_ke_hoach_von_va_bao_cao_tai_chinh\" >Combined with capital planning and financial reporting.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#Ket_luan\" >Conclude<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-doanh-nghiep-fdi-2025\/#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<h3><span class=\"ez-toc-section\" id=\"Khai_niem_chi_phi_lai_vay_doanh_nghiep_FDI\"><\/span><b>Concept of interest expense of FDI enterprises<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Interest expense of FDI enterprises is understood as the payment arising from borrowing capital (from banks, credit institutions or affiliates, parent companies) to serve the needs of operations and investment. This expense includes interest under the loan contract, fees related to the issuance of debt instruments, as well as financial expenses arising when FDI enterprises use loan leverage. According to the provisions of<\/span><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<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-20-2025-ND-CP-sua-doi-Nghi-dinh-132-2020-ND-%D0%A1%D0%A0-quan-ly-thue-doanh-nghiep-co-giao-dich-lien-ket-642785.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Decree 20\/2025\/ND-CP<\/span><\/a><span style=\"font-weight: 400;\">, interest expense of FDI enterprises is one of the items that is strictly controlled because it has a direct impact on the basis of calculating corporate income tax in Vietnam.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tam_quan_trong_cua_chi_phi_lai_vay_doanh_nghiep_FDI\"><\/span><b>The importance of interest costs for FDI enterprises<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the capital structure of FDI enterprises, interest expenses always account for a large proportion, especially in industries that require high initial investment capital such as industrial production, trade and services or real estate. Controlling and accounting for interest expenses of FDI enterprises is decisive for financial balance and long-term profitability.<\/span><\/p>\n<figure id=\"attachment_1992\" aria-describedby=\"caption-attachment-1992\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1992\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Tam-quan-trong-chi-phi-lai-vay-doanh-nghiep-FDI-1.jpg\" alt=\"T\u1ea7m quan tr\u1ecdng chi ph\u00ed l\u00e3i vay doanh nghi\u1ec7p FDI\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Tam-quan-trong-chi-phi-lai-vay-doanh-nghiep-FDI-1.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Tam-quan-trong-chi-phi-lai-vay-doanh-nghiep-FDI-1-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Tam-quan-trong-chi-phi-lai-vay-doanh-nghiep-FDI-1-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Tam-quan-trong-chi-phi-lai-vay-doanh-nghiep-FDI-1-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Tam-quan-trong-chi-phi-lai-vay-doanh-nghiep-FDI-1-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1992\" class=\"wp-caption-text\">The importance of interest costs for FDI enterprises<\/figcaption><\/figure>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest expense of FDI enterprises directly affects after-tax profit. If this expense exceeds the prescribed control level, the excess will not be deducted when calculating corporate income tax. This can increase the tax burden, reduce capital efficiency and affect the global business strategy of FDI corporations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing interest expenses of FDI enterprises is closely linked to transparency in financial statements. Tax authorities often consider interest expenses as a potential sign of transfer pricing risks, when enterprises intentionally increase borrowing costs from parent companies or affiliates to reduce profits in Vietnam. Therefore, a transparent governance mechanism will help FDI enterprises build a reputable image, enhance trust with management agencies and partners.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimizing interest expenses of FDI enterprises helps improve capital structure and competitiveness. In the context of fluctuating global interest rates, FDI enterprises need to proactively balance between loans and equity to ensure liquidity, maintain profit margins and expand operations sustainably.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Effective management of interest expenses of FDI enterprises not only helps enterprises comply with Vietnamese tax laws but also plays a strategic role in ensuring financial security, maintaining growth and consolidating position in the international market. This is the reason why interest expenses of FDI enterprises are always considered an important &quot;highlight&quot; in the comprehensive financial management of enterprises.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_biet_chi_phi_lai_vay_voi_cac_loai_chi_phi_tai_chinh_khac\"><\/span><b>Distinguish interest expense from other types of financial expenses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In financial management, many FDI enterprises often confuse interest expenses with other types of financial expenses. However, it is necessary to clearly distinguish:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest expense<\/b><span style=\"font-weight: 400;\">: Arising from the use of borrowed capital, including interest and fees related to borrowing capital. This is a tax-deductible expense but is subject to restrictions under the law.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Other financial costs<\/b><span style=\"font-weight: 400;\">: Including exchange rate differences, payment discount costs, financial provision costs, or costs of issuing stocks and bonds. These amounts are not identical to interest costs and often have separate regulations on recognition, deduction and accounting.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Clear distinction helps FDI enterprises not only comply with international accounting standards (IFRS) and Vietnamese laws, but also limit the risk of unreasonable expenses being excluded by tax authorities.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Y_nghia_cua_viec_xac_dinh_dung_chi_phi_lai_vay_doanh_nghiep_FDI\"><\/span><b>The significance of correctly determining interest costs for FDI enterprises<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accurately determining the interest costs of FDI enterprises has many important implications:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compliance with tax laws: FDI enterprises are obliged to declare and correctly account for FDI enterprise interest expenses to ensure that the expenses are legally deductible, avoiding the risk of collection and penalties.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimizing capital structure: Proper management of interest expenses helps businesses balance debt and equity, reduce capital costs and improve investment efficiency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial transparency: Accurately determining interest expenses is the basis for building transparent financial reports, increasing the trust of management agencies, shareholders and international partners.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limiting transfer pricing risks: In the context of complex related-party transactions, correctly recording interest expenses helps FDI enterprises avoid being suspected of abusing borrowing costs to transfer profits abroad.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Interest expense of FDI enterprises is not only a financial item, but also the &quot;key&quot; to ensuring the sustainability of business operations, legal compliance and global reputation of the enterprise.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dinh_nghia_chi_phi_lai_vay_duoc_tru_va_khong_duoc_tru_trong_doanh_nghiep_FDI\"><\/span><b>Definition of deductible and non-deductible interest expenses in FDI enterprises<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Chi_phi_lai_vay_duoc_tru\"><\/span><b>Interest expense is deductible.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to Corporate Income Tax Law No. 14\/2008\/QH12 (amended and supplemented), <\/span><a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Thong-tu-96-2015-TT-BTC-huong-dan-thue-thu-nhap-doanh-nghiep-tai-Nghi-dinh-12-2015-ND-CP-279331.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Circular 96\/2015\/TT-BTC<\/span><\/a><span style=\"font-weight: 400;\"> and especially<\/span><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<\/span><\/a><span style=\"font-weight: 400;\">, interest expense is only included in eligible expenses when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loans directly serve the production and business activities of FDI enterprises.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have a credit contract, valid documents, proving the legal purpose of the loan.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total deductible interest expense shall not exceed 30% EBITDA (net operating profit plus interest expense and depreciation).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The portion of interest expenses exceeding the ceiling can be carried forward to a maximum of the next 5 years, creating conditions for FDI enterprises to manage capital more flexibly.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chi_phi_lai_vay_khong_duoc_tru\"><\/span><b>Non-deductible interest expenses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The following interest expenses will not be deductible when determining corporate income tax of FDI enterprises:<\/span><\/p>\n<figure id=\"attachment_1993\" aria-describedby=\"caption-attachment-1993\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1993\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Chi-phi-lai-vay-duoc-tru-va-khong-duoc-tru-trong-doanh-nghiep-FDI-1.jpg\" alt=\"Chi ph\u00ed l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb v\u00e0 kh\u00f4ng \u0111\u01b0\u1ee3c tr\u1eeb trong doanh nghi\u1ec7p FDI\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Chi-phi-lai-vay-duoc-tru-va-khong-duoc-tru-trong-doanh-nghiep-FDI-1.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Chi-phi-lai-vay-duoc-tru-va-khong-duoc-tru-trong-doanh-nghiep-FDI-1-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Chi-phi-lai-vay-duoc-tru-va-khong-duoc-tru-trong-doanh-nghiep-FDI-1-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Chi-phi-lai-vay-duoc-tru-va-khong-duoc-tru-trong-doanh-nghiep-FDI-1-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Chi-phi-lai-vay-duoc-tru-va-khong-duoc-tru-trong-doanh-nghiep-FDI-1-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1993\" class=\"wp-caption-text\">Deductible and non-deductible interest expenses in FDI enterprises<\/figcaption><\/figure>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest expense exceeds 30% EBITDA in the tax period (the excess can be carried forward, but will be eliminated in the period).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest from related parties but does not satisfy the arm&#039;s length principle.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest on loans without legal documents, or loans for personal purposes, unrelated to production and business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In case FDI enterprises cannot prove a reasonable loan ratio, exceeding the charter capital or actual contributed capital as prescribed.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Rui_ro_khi_doanh_nghiep_FDI_quan_ly_sai_chi_phi_lai_vay\"><\/span><b>Risks when FDI enterprises mismanage interest expenses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Managing interest expenses of FDI enterprises is not only a legal requirement, but also a factor that directly affects the financial performance and international reputation of the enterprise. However, in practice, many FDI enterprises are prone to errors when accounting for or proving the reasonableness of interest expenses of FDI enterprises, leading to significant risks. Common risks include:<\/span><\/p>\n<figure id=\"attachment_1994\" aria-describedby=\"caption-attachment-1994\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1994\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Rui-ro-khi-doanh-nghiep-FDI-quan-ly-sai-chi-phi-lai-vay-1.jpg\" alt=\"R\u1ee7i ro khi doanh nghi\u1ec7p FDI qu\u1ea3n l\u00fd sai chi ph\u00ed l\u00e3i vay\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Rui-ro-khi-doanh-nghiep-FDI-quan-ly-sai-chi-phi-lai-vay-1.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Rui-ro-khi-doanh-nghiep-FDI-quan-ly-sai-chi-phi-lai-vay-1-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Rui-ro-khi-doanh-nghiep-FDI-quan-ly-sai-chi-phi-lai-vay-1-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Rui-ro-khi-doanh-nghiep-FDI-quan-ly-sai-chi-phi-lai-vay-1-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/09\/Rui-ro-khi-doanh-nghiep-FDI-quan-ly-sai-chi-phi-lai-vay-1-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-1994\" class=\"wp-caption-text\">Risks when FDI enterprises mismanage interest expenses<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Nguy_co_bi_loai_tru_chi_phi_khi_quyet_toan_thue\"><\/span><b>Risk of expense exclusion when settling taxes<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Interest expenses of FDI enterprises are easily rejected by tax authorities when the documents, purposes or expenditure levels do not satisfy regulations (for example, exceeding the deduction ceiling). Common reasons include lack of contracts, minutes, payments not through official channels, interest rates and terms not following market principles, or the interest portion exceeding the limit (%) on EBITDA according to Decree 132\/2020 (and amendments and instructions).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The financial consequences are clear and direct: the excluded expenses will increase taxable income, leading to increased tax payable, along with additional collection, late payment interest, or administrative penalties.<\/span><\/p>\n<p><b>See more at:<\/b><a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/nghi-dinh-132-2020-nd-cp\/\"><span style=\"font-weight: 400;\"> Legal consequences of Decree 132\/2020\/ND-CP\u00a0<\/span><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_ve_giao_dich_lien_ket_va_chuyen_gia\"><\/span><b>Risks of related party transactions and transfer pricing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Loans between parent companies and affiliated companies are the most \u201cscrutinized area\u201d for interest expenses of FDI enterprises. Tax authorities evaluate according to the arm\u2019s-length principle. Interest rates, terms, and guarantees must be equivalent to transactions between independent parties. If there are signs of taking advantage of loans to transfer profits (for example, unusual interest rates, inappropriate terms, short-term financing but long-term terms), enterprises may be subject to adjustment of related-party transaction prices and types of expenses.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Anh_huong_den_uy_tin_dong_von_va_bao_cao_tai_chinh_hop_nhat\"><\/span><b>Impact on reputation, capital flows and consolidated financial statements<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When the interest expense of FDI enterprises is adjusted or eliminated, the consequence is not only the amount of tax payable but also the consequences on cash flow, borrowing conditions and financial reputation:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash flow: increased tax and penalty liabilities reduce available cash, increasing the need for short-term financing, which can cause liquidity stress.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Credit contracts and financial risk indicators: Changes in profits and cash can disrupt financial risk indicators, causing the bank to request capital compensation, increase interest, or withdraw and not renew the limit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consolidated reporting and auditing: Tax adjustments may require adjustments to prior consolidated figures, resulting in audit notes, credit rating reductions, and impact on investors and capital markets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reputation: Constant tax adjustments or lack of transparency in affiliation records reduce the trust of partners, regulators and the public.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Ap_dung_co_che_chuyen_tiep_chi_phi_lai_vay_de_giam_rui_ro\"><\/span><b>Apply interest cost pass-through mechanism to reduce risk<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Under the current legal framework, if the net interest expense exceeds the threshold (the control level according to the Decree), enterprises can use the mechanism of partially transferring to the following periods, which is an extremely useful tax management tool when EBITDA fluctuates according to regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Actual implementation (process and notes):<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Theo_doi_va_tinh_toan_hang_nam\"><\/span><strong>Annual tracking and calculation.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Record the actual net interest amount, then calculate the prescribed EBITDA and determine the deductible portion of the year and the excess portion (not deductible during the period). Record clearly in the interest carryforward balance tracking book.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Chinh_sach_noi_bo_ve_phan_bo_chuyen_tiep\"><\/span><strong>Internal policy on forward allocation.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Regulation: The excess portion is recorded as a carryforward balance with information on the period of occurrence, source of funds, and explanatory conditions (for example: loan for expansion of operations; contract; unfinished project...).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Allocation roadmap: When EBITDA of subsequent years allows, allocate in chronological order (FIFO) or according to legal regulations; update the annual allocation table for tax authorities to monitor.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Ket_hop_voi_ke_hoach_von_va_bao_cao_tai_chinh\"><\/span><strong>Combined with capital planning and financial reporting.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">When planning medium-term capital, take into account the assumed tax costs if not immediately deductible; apply the interest cost pass-through mechanism.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When submitting documents to the tax authorities: Present the transfer spreadsheet with economic reasons and original loan documents.<\/span><\/p>\n<blockquote><p><b>See details:<\/b> <a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chuyen-tiep-chi-phi-lai-vay-qua-han\/\"><span style=\"font-weight: 400;\">Carryforward and application of overdue interest charges\u00a0<\/span><\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">From the above analysis, it can be seen that the management of interest expenses of FDI enterprises is not only related to the compliance with tax laws, but also closely linked to the sustainable financial management strategy. Optimizing interest expenses of FDI enterprises is the key to helping enterprises improve their financial efficiency and reputation.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Interest expense of FDI enterprises is a factor that directly affects profitability and competitiveness. Understanding the deduction regulations, applying the transition mechanism and complying with transparent reporting will help enterprises avoid legal risks. At the same time, this also creates a solid financial foundation for expansion and development plans in Vietnam.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To ensure both cost optimization and strict compliance with regulations, businesses should immediately contact MAN \u2013 Master Accountant Network for support. With a team of experienced tax professionals, <a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/tong-quan-giao-dich-lien-ket-2025\/\">affiliate transactions<\/a> and transfer pricing. Man \u2013 Master Accountant Network is confident to be a reliable partner.<\/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 <\/b><a href=\"https:\/\/man.net.vn\/\" rel=\"nofollow noopener\" target=\"_blank\"><b>MAN \u2013 Master Accountant Network<\/b><\/a><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 style=\"text-align: right;\"><b>Editorial Board: MAN \u2013 Master Accountant Network<\/b><\/p>","protected":false},"excerpt":{"rendered":"<p>V\u00ec sao vi\u1ec7c qu\u1ea3n l\u00fd v\u00e0 h\u1ea1ch to\u00e1n chi ph\u00ed l\u00e3i vay doanh nghi\u1ec7p FDI l\u1ea1i mang t\u00ednh s\u1ed1ng c\u00f2n \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng kinh doanh? Tr\u00ean th\u1ef1c t\u1ebf, chi ph\u00ed l\u00e3i vay doanh nghi\u1ec7p FDI n\u1ed5i l\u00ean nh\u01b0 m\u1ed9t v\u1ea5n \u0111\u1ec1 tr\u1ecdng y\u1ebfu trong qu\u1ea3n tr\u1ecb t\u00e0i ch\u00ednh v\u00e0 tu\u00e2n th\u1ee7 ph\u00e1p lu\u1eadt thu\u1ebf. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,8],"tags":[],"class_list":["post-1702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doanh-nghiep-fdi","category-nganh-doi-tuong-ap-dung"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/1702","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=1702"}],"version-history":[{"count":8,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/1702\/revisions"}],"predecessor-version":[{"id":2301,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/1702\/revisions\/2301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/1991"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=1702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=1702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=1702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}