{"id":3858,"date":"2026-09-17T14:25:24","date_gmt":"2026-09-17T07:25:24","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=3858"},"modified":"2026-09-17T14:26:56","modified_gmt":"2026-09-17T07:26:56","slug":"chi-phi-lai-vay-vuot-30-ebitda","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/","title":{"rendered":"How to Handle Interest Expenses Exceeding 30% EBITDA Under Decree 255\/2026"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-giao-dich-lien-ket\/\">Interest expense<\/a><\/span><\/strong> Exceeding the 30% EBITDA target continues to be the issue that causes the most confusion for many chief accountants and CFOs when <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-255-2026-ND-CP-quan-ly-thue-giao-dich-lien-ket-cua-doanh-nghiep-co-quan-he-lien-ket-713416.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Decree 255\/2026\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> It officially replaces Decree No. 132\/2020\/ND-CP and Decree No. 20\/2025\/ND-CP effective July 1, 2026, and applies immediately to the 2026 corporate income tax filing period. Even a minor error in offsetting interest on deposits and interest on loans against interest expense is enough to increase the amount of disallowed expenses by billions of dong, resulting in back taxes and late payment penalties. This article summarizes the entire legal basis, calculation formulas, processing procedures, and new provisions of Decree No. 255\/2026\/ND-CP, helping businesses prepare proactively for the tax filing period.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 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\/chi-phi-lai-vay-vuot-30-ebitda\/#Vi_sao_chi_phi_lai_vay_vuot_30_EBITDA_la_bai_toan_nong_cua_ky_quyet_toan_2026\" >Why is interest expense exceeding 30% EBITDA a pressing issue for the 2026 fiscal year-end closing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Can_cu_phap_ly_xac_dinh_chi_phi_lai_vay_vuot_30_EBITDA_theo_Nghi_dinh_2552026ND-CP\" >Legal basis for determining interest expenses exceeding 30% of EBITDA under Decree 255\/2026\/N\u0110-CP<\/a><ul class='ez-toc-list-level-3' ><li class='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-vuot-30-ebitda\/#Cong_thuc_goc_tai_diem_a_khoan_3_Dieu_16\" >Original text at point a of paragraph 3 of Article 16<\/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-vuot-30-ebitda\/#Quyen_chuyen_tiep_05_nam_tai_diem_b_khoan_3_Dieu_16\" >5-Year Transition Period under Point b of Paragraph 3 of Article 16<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Cac_truong_hop_loai_tru_tai_diem_c_khoan_3_Dieu_16\" >Exceptions under Point c, Paragraph 3, Article 16<\/a><\/li><li class='ez-toc-page-1 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-vuot-30-ebitda\/#Ai_thuoc_dien_kiem_soat_chi_phi_lai_vay_vuot_30_EBITDA\" >Who is subject to the interest expense control threshold exceeding 30% EBITDA?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Hieu_dung_ba_cau_phan_truoc_khi_xu_ly_chi_phi_lai_vay_vuot_30_EBITDA\" >Understand the three components correctly before adjusting for interest expenses exceeding 30% EBITDA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Ba_cau_phan_can_tach_bach_truoc_khi_tinh\" >Three components that must be separated before calculating<\/a><\/li><li class='ez-toc-page-1 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-vuot-30-ebitda\/#Nhung_sai_sot_thuong_gap_khi_tinh_EBITDA_thue\" >Common Mistakes When Calculating Tax-Adjusted EBITDA<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Quy_trinh_5_buoc_xu_ly_chi_phi_lai_vay_vuot_30_EBITDA\" >5-Step Process for Handling Interest Expenses Exceeding 30% EBITDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Vi_du_minh_hoa_tinh_chi_phi_lai_vay_vuot_30_EBITDA\" >Example illustrating interest expense exceeding 30% EBITDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Truong_hop_EBITDA_am_hoac_bang_khong\" >In the case of negative or zero EBITDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Diem_moi_cua_Nghi_dinh_2552026ND-CP_tac_dong_den_chi_phi_lai_vay_vuot_30_EBITDA\" >New provisions in Decree No. 255\/2026\/N\u0110-CP affecting interest expenses exceeding 30% EBITDA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Bo_sung_quan_he_lien_ket_tu_giao_dich_muon_cho_muon\" >Add relationship links from borrowing and lending transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Nguong_Bao_cao_loi_nhuan_lien_quoc_gia_nang_len_750_trieu_Euro\" >The threshold for reporting cross-border profits has been raised to 750 million euros<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Dieu_khoan_chuyen_tiep_bao_dam_quyen_loi_doanh_nghiep\" >Transitional provisions safeguarding the interests of businesses<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Rui_ro_va_hau_qua_khi_khong_xu_ly_dung_phan_vuot_nguong_30_EBITDA\" >Risks and Consequences of Failing to Properly Address the Amount Exceeding the 30% EBITDA Threshold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Ho_so_chung_minh_va_ke_khai_chi_phi_lai_vay_vuot_30_EBITDA\" >Documentation and reporting of interest expenses exceeding 30% EBITDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Giai_phap_dai_han_giam_ap_luc_phan_chi_phi_lai_vay_vuot_nguong\" >Long-term solutions to reduce the pressure caused by interest expense exceeding the threshold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#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-21\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Cau_hoi_thuong_gap_ve_chi_phi_lai_vay_vuot_30_EBITDA\" >Frequently Asked Questions About Interest Expenses Exceeding 30% EBITDA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Doanh_nghiep_khong_co_giao_dich_lien_ket_co_phai_xu_ly_chi_phi_lai_vay_vuot_nguong_EBITDA_khong\" >Do businesses without related-party transactions need to account for interest expenses that exceed the EBITDA threshold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Phan_chi_phi_lai_vay_vuot_30_EBITDA_co_mat_vinh_vien_khong\" >Is the portion of interest expense that exceeds 30% EBITDA permanently lost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Vay_ngan_hang_thuong_mai_co_lam_phat_sinh_chi_phi_lai_vay_vuot_30_EBITDA_khong\" >Does borrowing from a commercial bank result in interest expenses exceeding 30% EBITDA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Nghi_dinh_2552026ND-CP_ap_dung_tu_ky_tinh_thue_nao\" >From which tax period does Decree 255\/2026\/ND-CP apply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Doanh_nghiep_dang_chuyen_tiep_chi_phi_lai_vay_theo_Nghi_dinh_202025ND-CP_co_bi_gian_doan_khi_Nghi_dinh_255_co_hieu_luc_khong\" >Will businesses that are currently passing on interest expenses in accordance with Decree 20\/2025\/N\u0110-CP experience any disruption when Decree 255 takes effect?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#Lai_chenh_lech_ty_gia_co_duoc_tru_khi_tinh_chi_phi_lai_vay_thuan_khong\" >Can exchange rate gains be deducted when calculating net interest expense?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-vuot-30-ebitda\/#EBITDA_am_thi_phan_chi_phi_vuot_nguong_30_EBITDA_xu_ly_the_nao\" >If EBITDA is negative, how should expenses exceeding the 30% EBITDA threshold be handled?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_chi_phi_lai_vay_vuot_30_EBITDA_la_bai_toan_nong_cua_ky_quyet_toan_2026\"><\/span><b>Why is interest expense exceeding 30% EBITDA a pressing issue for the 2026 fiscal year-end closing?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Interest expense exceeding 30% EBITDA refers to the portion of net interest expense (interest expense after deducting interest on deposits and interest on loans incurred during the period) that exceeds the 30% pre-tax EBITDA of a company with related-party transactions.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This excess amount is not included in deductible expenses when determining taxable income for corporate income tax purposes, but is carried forward to subsequent tax periods for a period not exceeding 5 years.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Decree No. 255\/2026\/ND-CP, issued by the Government on June 30, 2026, consists of 4 chapters and 24 articles, effective as of July 1, 2026, and applicable starting with the 2026 corporate income tax filing period, simultaneously replacing Decree No. 132\/2020\/ND-CP and Decree No. 20\/2025\/ND-CP. An important point to note right away is <\/span><b>The 30% EBITDA control threshold remains unchanged<\/b><span style=\"font-weight: 400;\"> However, the scope of identifying associative relationships has been clarified and expanded.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Failing to account for interest expenses that exceed the EBITDA threshold leads to three distinct financial consequences:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate income tax is assessed retroactively because expenses exceeding the threshold were disallowed, thereby increasing taxable income;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Late payment penalties accrue from the date the payment was due, meaning that the later an error is discovered, the greater the loss;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">And lost the right to pass.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The most significant, yet often overlooked, loss occurs when a business fails to track amounts exceeding the threshold in its books, leaving it with no basis to prove its right of use in subsequent periods.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Can_cu_phap_ly_xac_dinh_chi_phi_lai_vay_vuot_30_EBITDA_theo_Nghi_dinh_2552026ND-CP\"><\/span><b>Legal basis for determining interest expenses exceeding 30% of EBITDA under Decree 255\/2026\/N\u0110-CP<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5157\" aria-describedby=\"caption-attachment-5157\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5157\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP.jpg\" alt=\"C\u0103n c\u1ee9 ph\u00e1p l\u00fd x\u00e1c \u0111\u1ecbnh chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA theo Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5157\" class=\"wp-caption-text\">Legal basis for determining interest expenses exceeding 30% of EBITDA under Decree 255\/2026\/N\u0110-CP<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">All provisions regarding interest expenses exceeding 30% EBITDA are set forth in Clause 3 of Article 16 of Decree No. 255\/2026\/ND-CP, under Chapter III on the determination of expenses for tax calculation purposes for enterprises engaged in related-party transactions. The chief accountant must thoroughly understand points a, b, and c of this clause.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cong_thuc_goc_tai_diem_a_khoan_3_Dieu_16\"><\/span><b>Original text at point a of paragraph 3 of Article 16<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Pursuant to the provisions of Point a, Paragraph 3, Article 16:<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">The total interest expense after deducting interest on deposits and loans incurred during the period of the taxpayer is deductible when determining taxable income for corporate income tax purposes, provided it does not exceed 30% of the total net profit from business operations during the period plus interest expense after deducting interest on deposits and loans incurred during the period plus depreciation expense incurred during the period of the taxpayer.<\/span><\/i><\/p><\/blockquote>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Quyen_chuyen_tiep_05_nam_tai_diem_b_khoan_3_Dieu_16\"><\/span><b>5-Year Transition Period under Point b of Paragraph 3 of Article 16<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The transitional provisions are set forth in Decree No. 255\/2026\/ND-CP:<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">The portion of interest expense not deductible under point (a) of this clause shall be carried forward to the next tax period when determining the total deductible interest expense, provided that the total deductible interest expense incurred in the next tax period is lower than the amount stipulated in point (a) of this clause. The carry-forward period for interest expense shall not exceed 5 years from the year following the year in which the non-deductible interest expense was incurred.<\/span><\/i><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><b>Important Note:<\/b><span style=\"font-weight: 400;\"> The portion of interest expense exceeding the 30% EBITDA limit is not permanently disallowed but is carried forward until a tax period in which the 30% EBITDA allowance is still available. It may only be carried forward to a period in which the interest expense is deductible. <\/span><b>lower<\/b><span style=\"font-weight: 400;\"> thresholds and calculation periods <\/span><b>continuously<\/b><span style=\"font-weight: 400;\"> no more than 5 years from the year following the year in which the event occurred.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cac_truong_hop_loai_tru_tai_diem_c_khoan_3_Dieu_16\"><\/span><b>Exceptions under Point c, Paragraph 3, Article 16<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The control regulations do not apply to loans taken out by taxpayers that are credit institutions under the Law on Credit Institutions; insurance businesses under the Law on Insurance Business; loans under Official Development Assistance (ODA) and preferential government loans provided through the mechanism whereby the government borrows from foreign sources and on-lends to enterprises; loans for implementing national target programs (the New Rural Development Program, sustainable poverty reduction); and loans for investing in programs and projects that implement the State\u2019s social welfare policies (resettlement housing, housing for workers and students, and social housing).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is an exception under <\/span><b>entities and funding sources<\/b><span style=\"font-weight: 400;\">, with no exceptions based on the company\u2019s discretion. A typical trading company that borrows from a bank must still account for interest expenses exceeding 30% of EBITDA if the loan gives rise to a related-party relationship under Article 5.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ai_thuoc_dien_kiem_soat_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>Who is subject to the interest expense control threshold exceeding 30% EBITDA?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The 30% EBITDA threshold applies only to businesses <\/span><b>have related-party relationships and engage in related-party transactions<\/b><span style=\"font-weight: 400;\"> during the period. Article 5 of Decree No. 255\/2026\/ND-CP lists the cases in which entities are considered related parties; among them, the criteria directly related to borrowing activities include:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Direct or indirect ownership of 25% or more between two enterprises, or both being owned by a third party to the extent of 25% or more.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Relationships arising from guarantees or loans in any form (including loans from third parties secured by the financial resources of an affiliated party), where the total outstanding balance simultaneously meets both of the following thresholds: at least 25% of the borrowing enterprise\u2019s owners\u2019 equity and more than 50% of the borrowing enterprise\u2019s total outstanding medium- and long-term debt.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Relationships arising from borrowing, lending, or lending and borrowing transactions with individuals who manage or control the business, or with individuals related to such individuals, subject to the corresponding capital contribution thresholds.<\/span><\/li>\n<\/ul>\n<blockquote><p><b>See also:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/moi-quan-he-lien-ket-theo-nghi-dinh-255\/\">Affiliated relationships under Decree 255.<\/a><\/span><\/strong><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The decree continues to recognize an important exception: a credit institution that grants a loan or provides a guarantee, but <\/span><b>does not directly or indirectly participate in, manage, control, contribute capital to, or invest in<\/b><span style=\"font-weight: 400;\"> If the borrower is a business or a business that is guaranteed, that specific loan does not give rise to an affiliated relationship. This provision provides relief for businesses that take out purely bank loans, but supporting documentation is required\u2014it is not assumed by default. Decree No. 255\/2026\/ND-CP also introduces a new exception: If the creditor or guarantor is a state-owned organization with 100% of charter capital that is authorized to buy, sell, and manage debt, and if it does not participate in the management, control, capital contribution, or investment in the debtor enterprise or the guaranteed enterprise, it is not automatically considered a related party.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Hieu_dung_ba_cau_phan_truoc_khi_xu_ly_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>Understand the three components correctly before adjusting for interest expenses exceeding 30% EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5155\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA.jpg\" alt=\"Hi\u1ec3u \u0111\u00fang ba c\u1ea5u ph\u1ea7n tr\u01b0\u1edbc khi x\u1eed l\u00fd chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The standard formula for determining interest expense exceeding 30% EBITDA consists of four consecutive steps:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Net interest expense = Interest expense incurred during the period \u2013 (Interest on deposits + Interest expense on loans incurred during the period)<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In that case, pre-tax EBITDA is calculated as follows:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Taxable EBITDA = Net operating profit + Net interest expense + Depreciation expense incurred during the period<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The deductible threshold is determined as follows:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Deduction threshold = 30% x Taxable EBITDA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The portion of interest expense in excess of:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The portion of interest expense exceeding 30% EBITDA is excluded = Net interest expense \u2013 Deductible threshold (if the result is positive)<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ba_cau_phan_can_tach_bach_truoc_khi_tinh\"><\/span><b>Three components that must be separated before calculating<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Specifically:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest on deposits and interest on loans are calculated only for the portion accrued during the period: <\/b><span style=\"font-weight: 400;\">Accrued interest from the previous period or interest received in advance for the following period must be adjusted in the appropriate period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Offset only the portion of the revenue that meets the criteria: <\/b><span style=\"font-weight: 400;\">Interest on bank deposits and interest from lending activities are offset against interest expense. Other items in financial income, such as foreign exchange gains, dividends, and payment discounts received, <\/span><b>Are not<\/b><span style=\"font-weight: 400;\"> falls within the scope of set-off in accordance with the exact wording of Point a, Paragraph 3, Article 16.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>A negative net interest expense does not give rise to a settlement obligation: <\/b><span style=\"font-weight: 400;\">If interest income from deposits and loans exceeds interest expense, the company will not have any interest expense exceeding 30% of EBITDA, but it must still report the full amount to provide an explanation when necessary.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhung_sai_sot_thuong_gap_khi_tinh_EBITDA_thue\"><\/span><b>Common Mistakes When Calculating Tax-Adjusted EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Many CFOs are accustomed to using EBITDA for management purposes and then applying it directly to tax calculations. This approach often yields inaccurate results for two reasons:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EBITDA before taxes is derived from <\/span><b>net income from operating activities<\/b><span style=\"font-weight: 400;\">: The figures include revenue and financial expenses, but <\/span><b>not included<\/b><span style=\"font-weight: 400;\"> other income and other expenses;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">And the interest expense component added to the denominator must be interest expense <\/span><b>pure<\/b><span style=\"font-weight: 400;\">, not gross interest.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The difference in other income alone\u2014for example, the gain on the disposal of fixed assets amounting to several tens of billions of dong\u2014is enough to cause the two EBITDA figures to diverge to the point of reversing the conclusion that interest expense exceeds 30% EBITDA.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To avoid potential risks, businesses should consult the following.<\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/dich-vu-tu-van-giao-dich-lien-ket\/\"> <b>related party transaction advisory services<\/b><\/a><\/span><span style=\"font-weight: 400;\"> from professional, reputable, and experienced firms such as the Big 4 and MAN \u2013 Master Accountant Network to receive assistance as soon as possible.\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Quy_trinh_5_buoc_xu_ly_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>5-Step Process for Handling Interest Expenses Exceeding 30% EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The following is the process for handling interest expenses that exceed 30% EBITDA:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 1 \u2013 Determine eligibility: <\/b><span style=\"font-weight: 400;\">Review the ownership structure, loan agreements, letters of guarantee, and loans to and from management to determine whether the business falls within the scope of Article 5; document the conclusion in writing along with supporting evidence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 2 \u2013 Extract financial data.<\/b><span style=\"font-weight: 400;\"> Prepare a detailed schedule of interest expense by contract, separating interest on deposits from interest on loans, and excluding the portion of interest expense that has been capitalized into work-in-progress.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 3 \u2013 Calculate pre-tax EBITDA, determine the 30% threshold, and identify the excess amount <\/b><span style=\"font-weight: 400;\">Apply correctly <\/span><a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/\"><span style=\"font-weight: 400;\">EBITDA calculation formula <\/span><\/a><span style=\"font-weight: 400;\">Under subparagraph a of paragraph 3 of Article 16, include a worksheet referencing each line item in the audited financial statements; recognize the portion of interest expense exceeding 30% EBITDA as an adjustment to increase taxable income on the tax return.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 4 \u2013 Open the transfer log: <\/b><span style=\"font-weight: 400;\">Create a separate tracking table for each year the amount was incurred, clearly indicating the amount, the year it was incurred, the year the carryover expires, and the amount used in each period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Step 5 \u2013 Complete the application and submit the forms: <\/b><span style=\"font-weight: 400;\">Report the interest expense ratio in accordance with Appendix I issued pursuant to Decree No. 255\/2026\/ND-CP, submit it along with the corporate income tax return, and complete the transfer pricing documentation unless exempt from the requirement to prepare it.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa_tinh_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>Example illustrating the calculation of interest expense exceeding 30% EBITD<\/b><b>A<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Company A (a manufacturer of components that borrows from its parent company overseas) has the following data for the 2026 tax period:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Indicators<\/b><\/td>\n<td style=\"text-align: center;\"><b>Amount<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Net operating profit<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">50 billion dong<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Interest expense incurred during the period<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">45 billion dong<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Interest earned on deposits + Interest earned on loans during the period<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5 billion VND<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Accumulated Depreciation Expense<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">10 billion dong<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><b>Calculation steps:<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net interest expense = 45 \u2212 5 = 40 billion VND<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxable EBITDA = 50 + 40 + 10 = 100 billion VND<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deduction threshold = 30% \u00d7 100 = 30 billion VND<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest expense exceeds 30%; excluded EBITDA = 40 \u2212 30 = 10 billion VND<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Company A adjusted its taxable income upward by 10 billion VND for the 2026 period and recorded this adjustment in the transitional ledger, with a continuous usage period not exceeding five years starting in 2027.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Assuming that in 2027 the company reduces its outstanding debt, net interest expense will be 20 billion VND, while the 30% EBITDA threshold will reach 28 billion VND, leaving a margin of 8 billion VND. The company transfers 8 billion VND from the 2026 carryover to be deducted in the 2027 period; the remaining 2 billion VND will continue to be monitored for subsequent periods within the remaining term.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>An important operational note:<\/b><span style=\"font-weight: 400;\"> The carryforward right may only be used in the period in which the business <\/span><b>There were related-party transactions<\/b><span style=\"font-weight: 400;\">. If, in a given year, a business no longer engages in related-party transactions, the company falls outside the scope of Article 16, Paragraph 3, and therefore has no basis for deducting the carryover interest expense from the previous period, while the five-year carryover period continues to run continuously without interruption. This is why businesses need to maintain a tracking ledger that clearly records even those years when they do not qualify to use the carryover amount, along with the reasons, to support explanations when necessary.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Truong_hop_EBITDA_am_hoac_bang_khong\"><\/span><b>In the case of negative or zero EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is a particularly dangerous situation. When a business incurs losses resulting in negative EBITDA, the 30% EBITDA threshold will be zero. In this case, any 100% interest expense incurred will be considered as interest expense exceeding the 30% EBITDA. Although it can be carried forward to the following year, the lack of deductible expenses in the current year reduces the reported loss, impacting the ability to offset losses in the future.\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Diem_moi_cua_Nghi_dinh_2552026ND-CP_tac_dong_den_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>New provisions in Decree No. 255\/2026\/N\u0110-CP affecting interest expenses exceeding 30% EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5156\" aria-describedby=\"caption-attachment-5156\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5156\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA.jpg\" alt=\"\u0110i\u1ec3m m\u1edbi c\u1ee7a Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5156\" class=\"wp-caption-text\">New provisions in Decree No. 255\/2026\/N\u0110-CP affecting interest expenses exceeding 30% EBITDA<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Decree No. 255\/2026\/ND-CP retains most of the provisions of Decree No. 132\/2020\/ND-CP, as amended and supplemented by Decree No. 20\/2025\/ND-CP, while also adjusting certain provisions to align with the 2025 Tax Administration Law and the 2025 Corporate Income Tax Law. The following three new provisions directly impact the determination and treatment of interest expenses exceeding 30% EBITDA:<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Bo_sung_quan_he_lien_ket_tu_giao_dich_muon_cho_muon\"><\/span><b>Add relationship links from borrowing and lending transactions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Point l of Paragraph 2 of Article 5 adds a provision regarding cases where a business engages in borrowing, lending, borrowing, or lending out at least 10% of the owners\u2019 contributed capital at the time the transaction occurs to individuals who manage or control the business, or to individuals with family ties, shall be deemed to have a related-party relationship. This represents an expansion of the previous legal framework, meaning that certain internal financial transactions that were previously not subject to scrutiny may now result in the business being required to treat interest expenses exceeding 30% of EBITDA as non-deductible.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nguong_Bao_cao_loi_nhuan_lien_quoc_gia_nang_len_750_trieu_Euro\"><\/span><b>The threshold for reporting cross-border profits has been raised to 750 million euros<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">According to Article 19 of Decree 255\/2026\/N\u0110-CP, the global consolidated revenue threshold for the obligation to prepare a country-by-country report is uniformly set at 750 million euros, in accordance with OECD recommended practices. Multinational enterprises must compare this data in conjunction with their review of interest expenses exceeding 30% EBITDA, as both are covered in Chapter III of the Decree.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Dieu_khoan_chuyen_tiep_bao_dam_quyen_loi_doanh_nghiep\"><\/span><b>Transitional provisions safeguarding the interests of businesses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The business is currently eligible to carry forward interest expenses in accordance with <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" 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\">Article 3 of Decree 20\/2025\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> will continue to be carried forward for the remaining period in accordance with that regulation, even though Decree No. 132\/2020\/ND-CP and Decree No. 20\/2025\/ND-CP ceased to be in effect as of July 1, 2026.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This regulation ensures that businesses can continue to carry forward previously recognized interest expense without interruption, preventing the loss of suspended amounts solely due to changes in legislation. Detailed implementation guidelines are set forth in <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-van-4697-ct-cs\/\">Official Document 4697\/CT-CS<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> July 9, 2026, issued by the tax authority, which includes a separate section on interest expense and transitional provisions.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rui_ro_va_hau_qua_khi_khong_xu_ly_dung_phan_vuot_nguong_30_EBITDA\"><\/span><b>Risks and Consequences of Failing to Properly Address the Amount Exceeding the 30% EBITDA Threshold<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Lax management of interest expenses exceeding 30% EBITDA leads to three main risk categories:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>First, tax assessment:<\/b><span style=\"font-weight: 400;\"> The tax authority may disallow all related interest expenses if the business fails to provide sufficient documentation to demonstrate the reasonableness of the loan and the method used to calculate the threshold.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Second, late payment fees:<\/b><span style=\"font-weight: 400;\"> The back tax arising from the disallowance of interest expenses exceeding 30% EBITDA accrues late-payment interest from the date it was originally due, meaning that the later the error is detected, the higher the cost.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Third, a loss of credibility in the file used to determine the price of related-party transactions:<\/b><span style=\"font-weight: 400;\"> If a company cannot explain why its interest expense exceeds 30% of EBITDA and how it plans to address this, it is likely to become a priority target for audits in subsequent periods.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>A note on the nature of it:<\/b><span style=\"font-weight: 400;\"> If the interest rate on a loan from an affiliated party does not comply with the arm\u2019s-length principle, the tax authority may adjust the interest expense. <\/span><b>before<\/b><span style=\"font-weight: 400;\"> Applying the 30% EBITDA threshold. This means that a weak transfer pricing documentation will cause the portion of interest expenses exceeding 30% EBITDA to be inflated many times over compared to the figure calculated by the company itself.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ho_so_chung_minh_va_ke_khai_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>Documentation and reporting of interest expenses exceeding 30% EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The minimum set of documents includes:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>30% EBITDA Threshold Calculation Table<\/b><span style=\"font-weight: 400;\"> includes references to financial statement line items and accounting account numbers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Schedule of Interest Expenses by Contract<\/b><span style=\"font-weight: 400;\">, along with the loan agreement, payment documents, and the bank\u2019s interest confirmation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Statement of Interest on Deposits and Interest on Loans<\/b><span style=\"font-weight: 400;\">, reconcile with the bank subledger.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Multi-Year Progress Tracking Table<\/b><span style=\"font-weight: 400;\">, showing the beginning balance, transactions, usage, ending balance, and expiration year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Appendix I: Statement of Interest Expense Ratio<\/b><span style=\"font-weight: 400;\"> in accordance with the form issued pursuant to Decree No. 255\/2026\/N\u0110-CP, to be submitted along with the final tax return.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transfer pricing determination dossier<\/b><span style=\"font-weight: 400;\"> (Country-by-Country Report, Global File, and Cross-Border Profit Report, if required) pursuant to Article 18 of the Decree, which requires demonstrating that interest rates on loans to related parties are consistent with the arm\u2019s-length principle. Businesses should note that the deadline for submitting documents as required by the tax authority is no more than 30 working days, which may be extended once for no more than 15 working days if there is a valid reason.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Giai_phap_dai_han_giam_ap_luc_phan_chi_phi_lai_vay_vuot_nguong\"><\/span><b>Long-term solutions to reduce the pressure caused by interest expense exceeding the threshold<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Addressing interest expenses that exceed 30% EBITDA during the final accounting process is merely a stopgap measure. In the long term, companies have four legitimate options for adjustment:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rebalancing the debt-to-equity structure: Convert a portion of the internal loan into equity to reduce net interest expense.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage cash flow to avoid the situation of having both large loans and large deposit balances: Because gross interest expenses typically rise faster than the interest earned on deposits that offsets them.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Review internal borrowing rates based on the arm\u2019s-length principle: This reduces the risk of adjustments while also reducing the portion of interest expenses that exceeds 30% EBITDA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EBITDA Planning by Investment Cycle: Simulate the 30% EBITDA threshold over a 5-year period to optimally allocate disbursement timelines and the timing for exercising carry-over rights.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Decree No. 255\/2026\/N\u0110-CP maintains the 30% EBITDA threshold, but broadens the definition of related-party relationships, meaning the number of businesses required to account for interest expenses exceeding 30% EBITDA in the 2026 fiscal year is likely to be higher than in previous years.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The three most memorable things:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deductible expenses are interest expenses <\/span><b>pure<\/b><span style=\"font-weight: 400;\">;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The portion exceeding the threshold is suspended for a continuous period <\/span><b>no more than 5 years<\/b><span style=\"font-weight: 400;\">;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">And the carryover right is only available during the business period. <\/span><b>There were related-party transactions<\/b><span style=\"font-weight: 400;\">, while the 5-year clock never stops.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If your company\u2019s 2026 interest expense documentation still contains uncertainties\u2014ranging from determining related-party status and separating interest on deposits to the multi-year carryover schedule\u2014our team of experts in related-party transactions at <\/span><b>MAN \u2013 Master Accountant Network<\/b><span style=\"font-weight: 400;\"> We are ready to review the records with the business before the ledger is locked.<\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/lien-he\/\">Contact MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> For free support and advice!<\/span><\/p>\n<h3 style=\"text-align: justify;\"><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 style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Address:<\/b><span style=\"font-weight: 400;\"> No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile\/Zalo:<\/b><span style=\"font-weight: 400;\"> 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>E-mail:<\/b><span style=\"font-weight: 400;\"> man@man.net.vn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Google Business Profile:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/share.google\/EmihzHg354pCASC9k\" rel=\"nofollow noopener\" target=\"_blank\">View MAN \u2013 Master Accountant Network&#039;s Google Business Profile\u00a0<\/a><\/span><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>LinkedIn Founder:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.linkedin.com\/in\/tuy%C3%AAn-l%C3%AA-ho%C3%A0ng-65292aa0\/\" rel=\"nofollow noopener\" target=\"_blank\">View expert Le Hoang Tuyen&#039;s LinkedIn profile.\u00a0<\/a><\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Responsible for production and professional content review by: Mr. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">Le Hoang Tuyen \u2013 Founder &amp; CEO of MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\">. He is a CPA Vietnam auditor with over 30 years of in-depth experience in accounting, auditing, taxation, and corporate legal consulting.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>Frequently Asked Questions About Interest Expenses Exceeding 30% EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doanh_nghiep_khong_co_giao_dich_lien_ket_co_phai_xu_ly_chi_phi_lai_vay_vuot_nguong_EBITDA_khong\"><\/span><b>Do businesses without related-party transactions need to account for interest expenses that exceed the EBITDA threshold?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">No. The restriction set forth in Article 16, Section 3(a) applies only to taxpayers with related-party relationships who engage in related-party transactions during the reporting period. Businesses should still maintain records demonstrating that they do not fall within the scope of Article 5.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Phan_chi_phi_lai_vay_vuot_30_EBITDA_co_mat_vinh_vien_khong\"><\/span><b>Is the portion of interest expense that exceeds 30% EBITDA permanently lost?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It is not lost immediately. According to point b, clause 3, Article 16, the non-deductible portion is carried forward to the next tax period when the total deductible interest expense for that period is lower than the threshold, with the carry-forward period not exceeding 5 years from the year following the year of occurrence.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vay_ngan_hang_thuong_mai_co_lam_phat_sinh_chi_phi_lai_vay_vuot_30_EBITDA_khong\"><\/span><b>Does borrowing from a commercial bank result in interest expenses exceeding 30% EBITDA?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It depends on the circumstances. If the lending financial institution does not participate in the management, control, capital contribution, or investment in the borrowing enterprise or the guarantor enterprise, that loan alone does not give rise to a related-party relationship. Conversely, when a loan simultaneously meets the threshold of 25% in contributed capital and exceeds 50% in total medium- and long-term outstanding debt\u2014in the context of other affiliated factors\u2014the enterprise falls within the scope of application.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nghi_dinh_2552026ND-CP_ap_dung_tu_ky_tinh_thue_nao\"><\/span><b>From which tax period does Decree 255\/2026\/ND-CP apply?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Decree takes effect from July 1, 2026 and applies from the corporate income tax period of 2026, replacing Decree 132\/2020\/ND-CP and Decree 20\/2025\/ND-CP.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doanh_nghiep_dang_chuyen_tiep_chi_phi_lai_vay_theo_Nghi_dinh_202025ND-CP_co_bi_gian_doan_khi_Nghi_dinh_255_co_hieu_luc_khong\"><\/span><b>Will businesses that are currently passing on interest expenses in accordance with Decree 20\/2025\/N\u0110-CP experience any disruption when Decree 255 takes effect?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">No. Businesses that qualify for the transition period under Article 3 of Decree No. 20\/2025\/ND-CP will continue to be subject to that transition period for the remainder of the term in accordance with those provisions.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Lai_chenh_lech_ty_gia_co_duoc_tru_khi_tinh_chi_phi_lai_vay_thuan_khong\"><\/span><b>Can exchange rate gains be deducted when calculating net interest expense?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">No. Only interest on deposits and interest on loans arising during the period are offset in accordance with the wording of point a, clause 3, Article 16.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_am_thi_phan_chi_phi_vuot_nguong_30_EBITDA_xu_ly_the_nao\"><\/span><b>If EBITDA is negative, how should expenses exceeding the 30% EBITDA threshold be handled?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When pre-tax EBITDA is zero or negative, and there is no remaining deduction allowance, all net interest expense for the period is excluded and carried forward in accordance with subparagraph b of paragraph 3 of Article 16.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA ti\u1ebfp t\u1ee5c l\u00e0 n\u1ed9i dung khi\u1ebfn nhi\u1ec1u k\u1ebf to\u00e1n tr\u01b0\u1edfng v\u00e0 CFO l\u00fang t\u00fang nh\u1ea5t khi Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP ch\u00ednh th\u1ee9c thay th\u1ebf Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP v\u00e0 Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP k\u1ec3 t\u1eeb ng\u00e0y 01\/7\/2026, \u00e1p d\u1ee5ng ngay t\u1eeb k\u1ef3 t\u00ednh thu\u1ebf thu nh\u1eadp doanh nghi\u1ec7p n\u0103m 2026. Ch\u1ec9 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[],"class_list":["post-3858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nghi-dinh-255-2026-nd-cp"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3858","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=3858"}],"version-history":[{"count":5,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3858\/revisions"}],"predecessor-version":[{"id":5158,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3858\/revisions\/5158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/3859"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=3858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=3858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=3858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}