{"id":2679,"date":"2025-12-18T21:28:55","date_gmt":"2025-12-19T04:28:55","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=2679"},"modified":"2025-12-18T21:28:55","modified_gmt":"2025-12-19T04:28:55","slug":"yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/","title":{"rendered":"\u6839\u636e\u7b2c132\u53f7\u6cd5\u4ee4\uff0c\u5bf9\u5f71\u54cd\u5229\u606f\u652f\u51fa\u7684\u56e0\u7d20\u8fdb\u884c\u63a7\u5236\u3002"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u5728\u73b0\u4ee3\u7ecf\u6d4e\u73af\u5883\u4e0b\uff0c\u5927\u591a\u6570\u4f01\u4e1a\u90fd\u9700\u8981\u901a\u8fc7\u8d37\u6b3e\u7b79\u96c6\u8d44\u91d1\u6765\u6269\u5927\u751f\u4ea7\u548c\u7ecf\u8425\u89c4\u6a21\u3002\u7136\u800c\uff0c\u5e76\u975e\u6240\u6709\u4ea7\u751f\u7684\u5229\u606f\u652f\u51fa\u90fd\u80fd\u88ab\u7a0e\u52a1\u673a\u5173\u8ba4\u53ef\u4e3a\u53ef\u62b5\u6263\u8d39\u7528\u3002\u5c24\u5176\u5bf9\u4e8e\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u800c\u8a00\uff0c\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u4e2d\u5173\u4e8e\u5229\u7387\u4e0a\u9650\u7684\u89c4\u5b9a\u5df2\u6210\u4e3a\u4e00\u4e2a\u590d\u6742\u7684\u8d22\u52a1\u95ee\u9898\u3002\u4e86\u89e3\u5f71\u54cd\u5229\u7387\u4e0a\u9650\u7684\u56e0\u7d20\u81f3\u5173\u91cd\u8981\u3002 <a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-bi-khong-che-quy-dinh-moi-nhat-2025\/\">\u5229\u606f\u652f\u51fa\u8bbe\u6709\u4e0a\u9650\u3002<\/a> \u8fd9\u4e0d\u4ec5\u6709\u52a9\u4e8e\u4f01\u4e1a\u4f18\u5316\u4f01\u4e1a\u6240\u5f97\u7a0e\uff0c\u8fd8\u80fd\u907f\u514d\u5728 2025 \u7eb3\u7a0e\u5e74\u5ea6\u9762\u4e34\u4e25\u91cd\u7684\u6cd5\u5f8b\u98ce\u9669\u3002<\/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\">\u6307\u6570<\/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=\"\u5207\u6362\u76ee\u5f55\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">\u5207\u6362<\/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\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Tai_sao_phai_khong_che_chi_phi_lai_vay\" >\u4e3a\u4ec0\u4e48\u8981\u63a7\u5236\u5229\u606f\u652f\u51fa\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Doi_tuong_ap_dung_theo_Nghi_dinh_1322020ND-CP\" >\u6839\u636e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u9002\u7528\u7684\u4e8b\u9879<\/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\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Cach_xac_dinh_chi_phi_lai_vay_bi_khong_che\" >\u5982\u4f55\u786e\u5b9a\u5229\u606f\u652f\u51fa\u7684\u9650\u5236\u3002<\/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\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#i\" >\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Cong_thuc_tinh_muc_tran_30_EBITDA\" >\u8ba1\u7b97 30% EBITDA \u4e0a\u9650\u7684\u516c\u5f0f\u3002\u00a0<\/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-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Cac_yeu_to_anh_huong_den_chi_phi_lai_vay_bi_khong_che\" >\u5f71\u54cd\u53d7\u63a7\u5229\u606f\u6210\u672c\u7684\u56e0\u7d20<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Su_bien_dong_cua_chi_so_EBITDA\" >EBITDA\u6307\u6570\u7684\u6ce2\u52a8\u6027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Co_cau_nguon_von_No_vay_so_voi_Von_chu_so_huu\" >\u8d44\u672c\u7ed3\u6784\uff1a\u503a\u52a1\u4e0e\u6743\u76ca<\/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\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Quy_mo_va_tinh_chat_cac_giao_dich_lien_ket_khac\" >\u5176\u4ed6\u5173\u8054\u65b9\u4ea4\u6613\u7684\u89c4\u6a21\u548c\u6027\u8d28<\/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\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Viec_lua_chon_phuong_phap_xac_dinh_gia_giao_dich_lien_ket\" >\u786e\u5b9a\u8f6c\u8ba9\u5b9a\u4ef7\u7684\u65b9\u6cd5\u9009\u62e9\u3002<\/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\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Cac_diem_quan_trong_Nghi_dinh_1322020ND-CP_can_luu_y\" >\u5173\u4e8e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u9700\u8981\u6ce8\u610f\u7684\u5173\u952e\u70b9\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Quy_dinh_chuyen_chi_phi_lai_vay_sang_cac_ky_sau\" >\u5173\u4e8e\u5229\u606f\u8d39\u7528\u7ed3\u8f6c\u81f3\u540e\u7eed\u671f\u95f4\u7684\u89c4\u5b9a\u3002<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Nhung_doi_tuong_duoc_mien_tru\" >\u90a3\u4e9b\u83b7\u5f97\u8c41\u514d\u7684\u4eba\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Chien_luoc_toi_uu_chi_phi_lai_vay_cho_doanh_nghiep\" >\u4f18\u5316\u4f01\u4e1a\u5229\u606f\u6210\u672c\u7684\u7b56\u7565\u3002<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Ket_luan\" >\u603b\u7ed3<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tai_sao_phai_khong_che_chi_phi_lai_vay\"><\/span><b>\u4e3a\u4ec0\u4e48\u8981\u63a7\u5236\u5229\u606f\u652f\u51fa\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u5bf9\u5229\u606f\u652f\u51fa\u6263\u9664\u8bbe\u5b9a\u4e0a\u9650\u5e76\u975e\u5546\u4e1a\u969c\u788d\uff0c\u800c\u662f\u4e00\u79cd\u65e8\u5728\u5b9e\u73b0\u4ee5\u4e0b\u76ee\u6807\u7684\u7a0e\u52a1\u7ba1\u7406\u5de5\u5177\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u9632\u6b62\u8f6c\u79fb\u5b9a\u4ef7\uff1a\u4e00\u4e9b\u8de8\u56fd\u516c\u53f8\u6216\u56fd\u5185\u4f01\u4e1a\u96c6\u56e2\u7ecf\u5e38\u4f7f\u7528\u4e00\u79cd\u201c\u8d44\u672c\u5f31\u5316\u201d\u624b\u6bb5\u3002\u5173\u8054\u65b9\u4e0d\u6295\u5165\u6ce8\u518c\u8d44\u672c\uff0c\u800c\u662f\u4ee5\u9ad8\u5229\u7387\u76f8\u4e92\u501f\u8d37\u6216\u627f\u62c5\u8fc7\u5927\u7684\u503a\u52a1\u6765\u865a\u589e\u6210\u672c\uff0c\u4ece\u800c\u964d\u4f4e\u9ad8\u7a0e\u6536\u7ba1\u8f96\u533a\u7684\u5e94\u7a0e\u5229\u6da6\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6253\u51fb\u7a0e\u57fa\u4fb5\u8680\u548c\u5229\u6da6\u8f6c\u79fb\uff08BEPS\uff09\uff1a\u8fd9\u662f\u8d8a\u5357\u653f\u5e9c\u4e3a\u843d\u5b9e\u7ecf\u5408\u7ec4\u7ec7\u5173\u4e8e\u6253\u51fb\u7a0e\u57fa\u4fb5\u8680\u548c\u5229\u6da6\u8f6c\u79fb\u7684\u5efa\u8bae\u800c\u505a\u51fa\u7684\u52aa\u529b\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u4e86\u89e3\u4e3a\u4ec0\u4e48\u9700\u8981\u63a7\u5236\u5229\u606f\u652f\u51fa\u5c06\u6709\u52a9\u4e8e\u4f01\u4e1a\u51c6\u786e\u8bc6\u522b\u9700\u8981\u8c03\u6574\u7684\u60c5\u51b5\uff0c\u4ece\u800c\u786e\u5b9a\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u9002\u7528\u7684\u6b63\u786e\u5bf9\u8c61\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Doi_tuong_ap_dung_theo_Nghi_dinh_1322020ND-CP\"><\/span><b>\u6839\u636e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u9002\u7528\u7684\u4e8b\u9879<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c132\u53f7\u6cd5\u4ee4\u7b2c5\u6761\uff0c\u6d89\u53ca\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u5c06\u53d7\u5230\u76d1\u7ba1\u3002\u5173\u8054\u65b9\u4ea4\u6613\u5305\u62ec\u4e70\u5356\u8d27\u7269\u3001\u501f\u8d37\u4ee5\u53ca\u5728\u5177\u6709\u5171\u540c\u7ecf\u8425\u3001\u63a7\u5236\u3001\u51fa\u8d44\u6216\u6295\u8d44\u5173\u7cfb\u7684\u5404\u65b9\u4e4b\u95f4\u8fdb\u884c\u7684\u8d44\u4ea7\u8f6c\u79fb\u3002<\/span><\/p>\n<p><b>\u8bf7\u6ce8\u610f\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c\u4e00\u5bb6\u4f01\u4e1a\u8fdb\u884c\u54ea\u6015\u662f\u5c0f\u989d\u7684\u5173\u8054\u65b9\u4ea4\u6613\uff08\u4f8b\u5982\uff0c\u4ece\u62e5\u6709\u8d85\u8fc7 25% \u8d44\u672c\u7684\u8463\u4e8b\u5904\u65e0\u606f\u501f\u6b3e\uff09\uff0c\u90a3\u4e48\u8be5\u4f01\u4e1a\u7684\u6240\u6709\u5229\u606f\u652f\u51fa\uff08\u5305\u62ec\u4ece\u72ec\u7acb\u94f6\u884c\u501f\u6b3e\uff09\u90fd\u5c06\u88ab\u89c6\u4e3a\u4f4e\u4e8e 30% EBITDA \u95e8\u69db\u3002<\/span><\/p>\n<blockquote><p><b>\u67e5\u770b\u8be6\u60c5\uff1a<\/b> <a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cach-xac-dinh-doanh-nghiep-co-giao-dich-lien-ket\/\"><span style=\"font-weight: 400;\">\u5982\u4f55\u8bc6\u522b\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u3002<\/span><\/a><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Cach_xac_dinh_chi_phi_lai_vay_bi_khong_che\"><\/span><b>\u5982\u4f55\u786e\u5b9a\u5229\u606f\u652f\u51fa\u7684\u9650\u5236\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_2684\" aria-describedby=\"caption-attachment-2684\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2684\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cach-xac-dinh-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che.jpg\" alt=\"C\u00e1ch x\u00e1c \u0111\u1ecbnh c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cach-xac-dinh-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cach-xac-dinh-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cach-xac-dinh-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cach-xac-dinh-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cach-xac-dinh-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2684\" class=\"wp-caption-text\">\u5982\u4f55\u8bc6\u522b\u5f71\u54cd\u53d7\u9650\u5229\u606f\u652f\u51fa\u7684\u56e0\u7d20\u3002<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"i\"><\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u4e3a\u4e86\u6b63\u786e\u5e94\u7528\u5229\u606f\u652f\u51fa\u4e0a\u9650\uff0c\u4f01\u4e1a\u9700\u8981\u4e86\u89e3\u8ba1\u7b97\u516c\u5f0f\u4ee5\u53ca\u5982\u4f55\u786e\u5b9a\u51c0\u5229\u606f\u652f\u51fa\uff0c\u4ece\u800c\u5c06\u5176\u51c6\u786e\u5730\u5e94\u7528\u4e8e\u6bcf\u7b14\u8d37\u6b3e\u548c\u5173\u8054\u65b9\u4ea4\u6613\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_muc_tran_30_EBITDA\"><\/span><b>\u8ba1\u7b97 30% EBITDA \u4e0a\u9650\u7684\u516c\u5f0f\u3002<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u7b2c 16 \u6761\u7b2c 3 \u6b3e\u89c4\u5b9a\uff0c\u5728\u786e\u5b9a\u4f01\u4e1a\u6240\u5f97\u7a0e\u65f6\u53ef\u6263\u9664\u7684\u51c0\u5229\u606f\u652f\u51fa\u603b\u989d\u4e0d\u5f97\u8d85\u8fc7\u8be5\u671f\u95f4\u7684\u7ecf\u8425\u51c0\u5229\u6da6\u603b\u989d\u52a0\u4e0a\u51c0\u5229\u606f\u652f\u51fa\u52a0\u4e0a\u6298\u65e7\u8d39\u7528\u7684 30%\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u98df\u8c31\uff1a<\/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;\">\u4e0a\u9650 = 30% EBITDA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u91cc\u9762\uff1a\u00a0<\/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;\">EBITDA = \u8425\u4e1a\u51c0\u5229\u6da6 + \u51c0\u5229\u606f\u652f\u51fa + \u6298\u65e7\u8d39\u7528<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa\u6309\u4ee5\u4e0b\u65b9\u5f0f\u786e\u5b9a\uff1a<\/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;\">\u51c0\u5229\u606f\u652f\u51fa = \u603b\u5229\u606f\u652f\u51fa \u2013 \u5b58\u6b3e\u5229\u606f<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u7b14\u8bb0\uff1a <\/b><span style=\"font-weight: 400;\">\u4f01\u4e1a\u53ea\u80fd\u62b5\u6263\u5f53\u671f\u4ea7\u751f\u7684\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u3002\u8bef\u89e3\u8fd9\u4e00\u8ba1\u7b97\u516c\u5f0f\u662f\u5f71\u54cd\u5229\u606f\u652f\u51fa\u9650\u5236\u7684\u56e0\u7d20\u4e4b\u4e00\uff0c\u4f1a\u5bfc\u81f4\u4f01\u4e1a\u9519\u8bef\u8ba1\u7b97\u5176\u7eb3\u7a0e\u4e49\u52a1\u3002<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cac_yeu_to_anh_huong_den_chi_phi_lai_vay_bi_khong_che\"><\/span><b>\u5f71\u54cd\u53d7\u63a7\u5229\u606f\u6210\u672c\u7684\u56e0\u7d20<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_2683\" aria-describedby=\"caption-attachment-2683\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2683\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-va-tac-dong-den-EBITDA.jpg\" alt=\"C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf v\u00e0 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn EBITDA\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-va-tac-dong-den-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-va-tac-dong-den-EBITDA-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-va-tac-dong-den-EBITDA-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-va-tac-dong-den-EBITDA-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-va-tac-dong-den-EBITDA-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2683\" class=\"wp-caption-text\">\u5f71\u54cd\u5229\u606f\u652f\u51fa\u7684\u56e0\u7d20\u53d7\u5230\u63a7\u5236\uff0c\u5e76\u5bf9 EBITDA \u4ea7\u751f\u5f71\u54cd\u3002<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u4e3a\u4e86\u6709\u6548\u63a7\u5236\u6210\u672c\uff0c\u4f01\u4e1a\u9700\u8981\u5bf9\u4ee5\u4e0b\u4e94\u4e2a\u6838\u5fc3\u56e0\u7d20\u8fdb\u884c\u5168\u9762\u5206\u6790\uff1a<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Su_bien_dong_cua_chi_so_EBITDA\"><\/span><b>EBITDA\u6307\u6570\u7684\u6ce2\u52a8\u6027<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EBITDA \u5728\u786e\u5b9a\u5229\u7387\u9650\u5236\u65f6\u4f5c\u4e3a\u201c\u5206\u6bcd\u201d\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4f01\u4e1a\u76c8\u5229\u80fd\u529b\uff1a\u5982\u679c\u4f01\u4e1a\u5904\u4e8e\u6295\u8d44\u9636\u6bb5\u3001\u4e8f\u635f\u6216\u5229\u6da6\u8f83\u4f4e\uff0c\u5176 EBITDA \u5c06\u5f88\u5c0f\uff0c\u5bfc\u81f4\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u4e0a\u9650\u975e\u5e38\u4f4e\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6298\u65e7\u653f\u7b56\uff1a\u8fd9\u662f\u4f01\u4e1a\u53ef\u4ee5\u4e3b\u52a8\u63a7\u5236\u7684\u4e00\u4e2a\u56e0\u7d20\u3002\u91c7\u7528\u52a0\u901f\u6298\u65e7\u4f1a\u589e\u52a0\u77ed\u671f\u8d39\u7528\uff0c\u4f46\u540c\u65f6\u4e5f\u4f1a\u63d0\u9ad8 EBITDA\uff0c\u4ece\u800c\u6269\u5927\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u9650\u989d\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u9664\u4e86\u76d1\u6d4b EBITDA \u6ce2\u52a8\u5916\uff0c\u4f01\u4e1a\u8fd8\u9700\u8981\u8003\u8651\u5176\u8d44\u672c\u7ed3\u6784\uff0c\u56e0\u4e3a\u503a\u52a1\u6743\u76ca\u6bd4\u7387\u76f4\u63a5\u5f71\u54cd\u5229\u606f\u652f\u51fa\u7684\u4e0a\u9650\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Co_cau_nguon_von_No_vay_so_voi_Von_chu_so_huu\"><\/span><b>\u8d44\u672c\u7ed3\u6784\uff1a\u503a\u52a1\u4e0e\u6743\u76ca<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u8fc7\u9ad8\u7684\u8d22\u52a1\u6760\u6746\u7387\u662f\u5bfc\u81f4\u5229\u7387\u8d85\u8fc7 30% \u9608\u503c\u7684\u76f4\u63a5\u539f\u56e0\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5f53\u4f01\u4e1a\u4f18\u5148\u8003\u8651\u901a\u8fc7\u503a\u52a1\u878d\u8d44\u7b79\u96c6\u8d44\u91d1\u800c\u4e0d\u662f\u589e\u52a0\u6ce8\u518c\u8d44\u672c\u65f6\uff0c\u603b\u5229\u606f\u652f\u51fa\u5c06\u4f1a\u5927\u5e45\u589e\u52a0\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5f71\u54cd\u53d7\u63a7\u5229\u606f\u652f\u51fa\u7684\u56e0\u7d20\u5728\u4e8e\u4f01\u4e1a\u662f\u5426\u5411\u5173\u8054\u65b9\u501f\u6b3e\u3002\u5982\u679c\u4ee5\u975e\u5e02\u573a\u5229\u7387\u5411\u6bcd\u516c\u53f8\u501f\u6b3e\uff0c\u7a0e\u52a1\u673a\u5173\u6709\u6743\u5728\u8ba1\u7b9730%\u95e8\u69db\u4e4b\u524d\uff0c\u6309\u5e02\u573a\u5229\u7387\u91cd\u65b0\u8bc4\u4f30\u8be5\u9879\u652f\u51fa\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u9664\u4e86\u8d44\u672c\u7ed3\u6784\u4e4b\u5916\uff0c\u5e02\u573a\u5229\u7387\u4e5f\u53d1\u6325\u7740\u81f3\u5173\u91cd\u8981\u7684\u4f5c\u7528\uff0c\u56e0\u4e3a\u5229\u7387\u6ce2\u52a8\u4f1a\u663e\u8457\u589e\u52a0\u6216\u51cf\u5c11\u501f\u8d37\u6210\u672c\uff0c\u76f4\u63a5\u5f71\u54cd 30% EBITDA \u4e0a\u9650\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quy_mo_va_tinh_chat_cac_giao_dich_lien_ket_khac\"><\/span><b>\u5176\u4ed6\u5173\u8054\u65b9\u4ea4\u6613\u7684\u89c4\u6a21\u548c\u6027\u8d28<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u8fd9\u662f\u6700\u5e38\u89c1\u7684\u201c\u9677\u9631\u201d\u3002\u8bb8\u591a\u4f01\u4e1a\u8ba4\u4e3a\uff1a\u201c\u6211\u4e0d\u5411\u5173\u8054\u65b9\u501f\u6b3e\uff0c\u53ea\u5411\u94f6\u884c\u501f\u6b3e\uff0c\u6240\u4ee5\u4e0d\u53d730%\u9650\u5236\uff1f\u201d \u5b9e\u9645\u4e0a\uff0c\u6839\u636e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\uff0c\u5982\u679c\u4f01\u4e1a\u5b58\u5728\u4efb\u4f55\u5173\u8054\u65b9\u4ea4\u6613\uff08\u4f8b\u5982\u5411\u5b50\u516c\u53f8\u9500\u552e\u5546\u54c1\uff09\uff0c\u90a3\u4e48\u652f\u4ed8\u7ed9\u94f6\u884c\u7684\u6240\u6709\u5229\u606f\u4e5f\u540c\u6837\u53d7\u5230\u8be5\u9650\u5236\u3002\u56e0\u6b64\uff0c\u7ef4\u6301\u4e0d\u5fc5\u8981\u7684\u5173\u8054\u65b9\u4ea4\u6613\u662f\u95f4\u63a5\u4f46\u6781\u5176\u5371\u9669\u5730\u5f71\u54cd\u5229\u606f\u652f\u51fa\u9650\u5236\u7684\u56e0\u7d20\u4e4b\u4e00\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Viec_lua_chon_phuong_phap_xac_dinh_gia_giao_dich_lien_ket\"><\/span><b>\u786e\u5b9a\u8f6c\u8ba9\u5b9a\u4ef7\u7684\u65b9\u6cd5\u9009\u62e9\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5f53\u516c\u53f8\u8fdb\u884c\u5173\u8054\u65b9\u4ea4\u6613\u65f6\uff0c\u51c0\u5229\u6da6\u53ef\u80fd\u4f1a\u6839\u636e\u5e02\u573a\u6bd4\u8f83\u5b9a\u4ef7\u6cd5\u8fdb\u884c\u8c03\u6574\u3002\u5982\u679c\u7531\u4e8e\u8fdd\u53cd\u5e02\u573a\u6bd4\u8f83\u5b9a\u4ef7\u539f\u5219\u800c\u5bfc\u81f4\u51c0\u5229\u6da6\u5411\u4e0b\u8c03\u6574\uff0c\u5219 EBITDA \u5c06\u76f8\u5e94\u51cf\u5c11\uff0c\u4ece\u800c\u5bfc\u81f4\u5229\u606f\u652f\u51fa\u4e0a\u9650\u6536\u7a84\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c 125\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u53ca\u300a\u7a0e\u6536\u7ba1\u7406\u6cd5\u300b\uff0c\u5229\u6da6\u8c03\u6574\u7684\u540c\u65f6\u8fd8\u5c06\u53d7\u5230\u4e25\u683c\u7684\u7ecf\u6d4e\u5904\u7f5a\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4f01\u4e1a\u6240\u5f97\u7a0e\u6b20\u6b3e\uff1a\u4f01\u4e1a\u5fc5\u987b\u5c31\u589e\u52a0\u7684\u8c03\u6574\u540e\u5229\u6da6\uff08\u6216\u4e0d\u4e88\u8ba4\u53ef\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\uff09\u7f34\u7eb3\u989d\u5916\u7684\u4f01\u4e1a\u6240\u5f97\u7a0e\uff0820%\uff09\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u884c\u653f\u5904\u7f5a\uff1a\u901a\u5e38\u7684\u5904\u7f5a\u662f 20%\uff0c\u5904\u7f5a\u5bf9\u8c61\u4e3a\u5c11\u62a5\u7a0e\u6b3e\u6216\u8d85\u8fc7\u89c4\u5b9a\u89c4\u5b9a\u800c\u514d\u7a0e\u3001\u51cf\u514d\u6216\u9000\u8fd8\u7684\u7a0e\u6b3e\u91d1\u989d\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u903e\u671f\u4ed8\u6b3e\u7f5a\u6b3e\uff1a\u6309\u6bcf\u65e5\u903e\u671f\u7a0e\u6b3e\u91d1\u989d\u76840.031 TP3T\u8ba1\u7b97\u3002\u5982\u679c\u6848\u4ef6\u62d6\u5ef6\u591a\u5e74\uff0c\u7f5a\u6b3e\u91d1\u989d\u53ef\u80fd\u975e\u5e38\u9ad8\u6602\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u672a\u7533\u62a5 GDLK \u7684\u5904\u7f5a\uff1a\u5982\u672a\u63d0\u4ea4 <\/span><a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/phu-luc-giao-dich-lien-ket\/\"><span style=\"font-weight: 400;\">\u5173\u8054\u65b9\u4ea4\u6613\u9644\u5f55<\/span><\/a><span style=\"font-weight: 400;\"> \u5982\u679c\u8fdd\u53cd\u56fd\u5bb6\u6216\u5168\u7403\u6982\u51b5\u89c4\u5b9a\uff0c\u4f01\u4e1a\u53ef\u80fd\u4f1a\u88ab\u5904\u4ee5 800 \u4e07\u8d8a\u5357\u76fe\u81f3 2500 \u4e07\u8d8a\u5357\u76fe\u7684\u7f5a\u6b3e\uff0c\u5e76\u4e14\u7a0e\u52a1\u673a\u5173\u53ef\u80fd\u4f1a\u6839\u636e\u76f8\u5173\u89c4\u5b9a\u5bf9\u5176\u7eb3\u7a0e\u4e49\u52a1\u8fdb\u884c\u8bc4\u4f30\u3002<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cac_diem_quan_trong_Nghi_dinh_1322020ND-CP_can_luu_y\"><\/span><b>\u5173\u4e8e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u9700\u8981\u6ce8\u610f\u7684\u5173\u952e\u70b9\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u9664\u4e86\u4e86\u89e3\u63a7\u5236\u5229\u606f\u652f\u51fa\u7684\u539f\u5219\u5916\uff0c\u4f01\u4e1a\u8fd8\u9700\u8981\u7279\u522b\u6ce8\u610f\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u4e2d\u7684\u4e00\u4e9b\u6838\u5fc3\u8981\u70b9\u3002\u4ee5\u4e0b\u89c4\u5b9a\u5c06\u76f4\u63a5\u51b3\u5b9a\u5229\u606f\u652f\u51fa\u5728\u7a0e\u52a1\u7ed3\u7b97\u4e2d\u662f\u5426\u53ef\u4ee5\u88ab\u8ba4\u53ef\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Quy_dinh_chuyen_chi_phi_lai_vay_sang_cac_ky_sau\"><\/span><b>\u5173\u4e8e\u5229\u606f\u8d39\u7528\u7ed3\u8f6c\u81f3\u540e\u7eed\u671f\u95f4\u7684\u89c4\u5b9a\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u5141\u8bb8\u4f01\u4e1a\u5c06\u4e0d\u53ef\u62b5\u6263\u7684\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u5230\u4e0b\u4e00\u4e2a\u7eb3\u7a0e\u671f\uff0c\u524d\u63d0\u662f\u4e0b\u4e00\u5e74\u7684 EBITDA \u6709\u76c8\u4f59\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7ed3\u8f6c\u671f\u9650\uff1a\u81ea\u53d1\u751f\u4e0d\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u6b21\u5e74\u8d77\uff0c\u4e0d\u8d85\u8fc7\u8fde\u7eed 5 \u5e74\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8fd9\u662f\u4e00\u9879\u4eba\u9053\u7684\u76d1\u7ba1\u63aa\u65bd\uff0c\u65e8\u5728\u5e2e\u52a9\u4f01\u4e1a\u907f\u514d\u56e0\u6295\u8d44\u521d\u671f\u51e0\u5e74 EBITDA \u6682\u65f6\u51fa\u73b0\u56f0\u96be\u800c\u635f\u5931\u5168\u90e8\u6295\u8d44\u6210\u672c\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u5c3d\u7ba1\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u5141\u8bb8\u4f01\u4e1a\u7075\u6d3b\u5730\u5c06\u4e0d\u53ef\u62b5\u6263\u7684\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u81f3\u540e\u7eed\u7eb3\u7a0e\u671f\uff0c\u4f46\u8fd9\u9879\u9650\u5236\u5e76\u975e\u9002\u7528\u4e8e\u6240\u6709\u60c5\u51b5\u3002\u4e8b\u5b9e\u4e0a\uff0c\u8be5\u6cd5\u4ee4\u4e5f\u660e\u786e\u89c4\u5b9a\u4e86\u54ea\u4e9b\u5b9e\u4f53\u4e0d\u53d7\u6b64\u9650\u5236\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Nhung_doi_tuong_duoc_mien_tru\"><\/span><b>\u90a3\u4e9b\u83b7\u5f97\u8c41\u514d\u7684\u4eba\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u5e76\u975e\u6240\u6709\u6d89\u53ca\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u90fd\u53d7\u8fd9\u4e9b\u9650\u5236\u3002\u4ee5\u4e0b\u5b9e\u4f53\u4e0d\u5728\u6b64\u9650\u5236\u8303\u56f4\u5185\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4fe1\u8d37\u673a\u6784\uff08\u94f6\u884c\uff09\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4fdd\u9669\u673a\u6784\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5b98\u65b9\u53d1\u5c55\u63f4\u52a9\u8d37\u6b3e\uff0c\u5373\u653f\u5e9c\u63d0\u4f9b\u7684\u4f18\u60e0\u8d37\u6b3e\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7528\u4e8e\u5b9e\u65bd\u56fd\u5bb6\u76ee\u6807\u8ba1\u5212\u9879\u76ee\uff08\u793e\u4f1a\u4fdd\u969c\u3001\u5de5\u4eba\u4f4f\u623f\uff09\u7684\u8d37\u6b3e\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u4e86\u89e3\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u7684\u5173\u952e\u8981\u70b9\uff0c\u4e0d\u4ec5\u6709\u52a9\u4e8e\u4f01\u4e1a\u9075\u5b88\u6cd5\u5f8b\u6cd5\u89c4\uff0c\u800c\u4e14\u4e5f\u662f\u5236\u5b9a\u6709\u6548\u4e14\u5b9e\u7528\u7684\u7b56\u7565\u6765\u4f18\u5316\u5229\u606f\u6210\u672c\u7684\u57fa\u7840\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_toi_uu_chi_phi_lai_vay_cho_doanh_nghiep\"><\/span><b>\u4f18\u5316\u4f01\u4e1a\u5229\u606f\u6210\u672c\u7684\u7b56\u7565\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_2682\" aria-describedby=\"caption-attachment-2682\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2682\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Chien-luoc-toi-uu-chi-phi-lai-vay-dua-tren-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che.jpg\" alt=\"Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u chi ph\u00ed l\u00e3i vay d\u1ef1a tr\u00ean c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Chien-luoc-toi-uu-chi-phi-lai-vay-dua-tren-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Chien-luoc-toi-uu-chi-phi-lai-vay-dua-tren-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Chien-luoc-toi-uu-chi-phi-lai-vay-dua-tren-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Chien-luoc-toi-uu-chi-phi-lai-vay-dua-tren-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/12\/Chien-luoc-toi-uu-chi-phi-lai-vay-dua-tren-cac-yeu-to-anh-huong-den-chi-phi-lai-vay-bi-khong-che-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2682\" class=\"wp-caption-text\">\u4f18\u5316\u5229\u606f\u652f\u51fa\u7684\u7b56\u7565\u662f\u57fa\u4e8e\u63a7\u5236\u5f71\u54cd\u5229\u606f\u652f\u51fa\u7684\u56e0\u7d20\u3002<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u901a\u8fc7\u5206\u6790\u5f71\u54cd\u5229\u606f\u652f\u51fa\u63a7\u5236\u7684\u56e0\u7d20\uff0c\u4f01\u4e1a\u53ef\u4ee5\u5b9e\u65bd\u4ee5\u4e0b\u89e3\u51b3\u65b9\u6848\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u91cd\u65b0\u5e73\u8861\u8d44\u672c\u7ed3\u6784\uff1a\u4f01\u4e1a\u4e0e\u5176\u8fc7\u5ea6\u8d1f\u503a\uff0c\u4e0d\u5982\u8003\u8651\u589e\u52a0\u6ce8\u518c\u8d44\u672c\u6216\u5bfb\u6c42\u6218\u7565\u6295\u8d44\u8005\uff0c\u4ee5\u51cf\u8f7b\u5229\u606f\u652f\u4ed8\u7684\u538b\u529b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EBITDA\u89c4\u5212\uff1a\u4f18\u5316\u6536\u5165\u5e76\u4e25\u683c\u63a7\u5236\u8fd0\u8425\u6210\u672c\uff0c\u4ee5\u7ef4\u6301\u8f83\u9ad8\u7684EBITDA\u6c34\u5e73\u3002\u8003\u8651\u8c03\u6574\u6298\u65e7\u65b9\u6cd5\uff0c\u4ee5\u4f18\u5316\u6bcf\u5e74\u7684\u5229\u606f\u652f\u51fa\u9650\u989d\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5229\u606f\u652f\u51fa\u8d44\u672c\u5316\uff1a\u5bf9\u4e8e\u6d89\u53ca\u5728\u5efa\u8d44\u4ea7\uff08\u57fa\u7840\u5efa\u8bbe\u3001\u623f\u5730\u4ea7\uff09\u7684\u9879\u76ee\uff0c\u6295\u8d44\u9636\u6bb5\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa\u5e94\u8d44\u672c\u5316\u8ba1\u5165\u8d44\u4ea7\u4ef7\u503c\uff0c\u800c\u4e0d\u662f\u4f5c\u4e3a\u5f53\u671f\u8d22\u52a1\u8d39\u7528\u8ba1\u5165\u3002\u8fd9\u6709\u52a9\u4e8e\u907f\u514d 30% EBITDA \u7684\u9650\u5236\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5ba1\u67e5\u4e0d\u5fc5\u8981\u7684\u5173\u8054\u65b9\u4ea4\u6613\uff1a\u5982\u679c\u5173\u8054\u65b9\u4ea4\u6613\u4ea7\u751f\u7684\u4ef7\u503c\u8f83\u4f4e\uff0c\u4f46\u5bfc\u81f4\u4f01\u4e1a\u5b8c\u5168\u53d7\u5236\u4e8e\u5229\u606f\u652f\u51fa\uff0c\u5219\u5e94\u8003\u8651\u7ec8\u6b62\u8fd9\u4e9b\u4ea4\u6613\u6216\u6539\u53d8\u6240\u6709\u6743\u7ed3\u6784\uff0c\u4f7f\u5176\u4e0d\u518d\u662f\u5173\u8054\u65b9\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u5f53\u8d44\u672c\u7ed3\u6784\u5e73\u8861\u3001EBITDA\u89c4\u5212\u3001\u5229\u606f\u8d44\u672c\u5316\u548c\u5173\u8054\u65b9\u4ea4\u6613\u5ba1\u67e5\u7b49\u89e3\u51b3\u65b9\u6848\u540c\u6b65\u5b9e\u65bd\u65f6\uff0c\u4f01\u4e1a\u4e0d\u4ec5\u53ef\u4ee5\u51cf\u8f7b\u63a7\u5236\u5229\u606f\u652f\u51fa\u7684\u538b\u529b\uff0c\u800c\u4e14\u4e3a\u53ef\u6301\u7eed\u7684\u957f\u671f\u8d22\u52a1\u6218\u7565\u5960\u5b9a\u4e86\u57fa\u7840\u3002<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>\u603b\u7ed3<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u5bf9\u5229\u606f\u652f\u51fa\u7684\u9650\u5236\u5e76\u975e\u4ec5\u4ec5\u662f\u4e00\u9879\u6280\u672f\u6027\u89c4\u5b9a\uff0c\u800c\u662f\u76f4\u63a5\u5f71\u54cd\u4f01\u4e1a\u7eb3\u7a0e\u4e49\u52a1\u548c\u8d22\u52a1\u4e1a\u7ee9\u7684\u56e0\u7d20\u3002\u4f01\u4e1a\u901a\u8fc7\u6b63\u786e\u7406\u89e3\u95ee\u9898\u7684\u672c\u8d28\uff0c\u5168\u9762\u8bc6\u522b\u5f71\u54cd\u56e0\u7d20\uff0c\u5e76\u79ef\u6781\u5236\u5b9a\u4ece\u8d44\u672c\u7ed3\u6784\u3001EBITDA\u5230\u5173\u8054\u65b9\u4ea4\u6613\u7b49\u5404\u4e2a\u65b9\u9762\u7684\u6700\u4f18\u7b56\u7565\uff0c\u53ef\u4ee5\u6709\u6548\u63a7\u5236\u98ce\u9669\uff0c\u907f\u514d\u5728\u7eb3\u7a0e\u7ed3\u7b97\u671f\u5185\u4ea7\u751f\u4e0d\u5fc5\u8981\u7684\u6b20\u7a0e\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u53ca\u65e9\u8fdb\u884c\u5ba1\u67e5\u5e76\u5236\u5b9a\u5408\u9002\u7684\u89e3\u51b3\u65b9\u6848\u5c06\u6709\u52a9\u4e8e\u4f01\u4e1a\u8282\u7701\u6210\u672c\u3001\u786e\u4fdd\u5408\u89c4\u5e76\u7ef4\u6301\u53ef\u6301\u7eed\u8fd0\u8425\u3002\u5982\u679c\u60a8\u7684\u4f01\u4e1a\u9700\u8981\u5feb\u901f\u8bc4\u4f30\u5229\u606f\u652f\u51fa\u98ce\u9669\u6216\u6839\u636e\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u5236\u5b9a\u6700\u4f73\u65b9\u6848\uff0cMAN \u2013 Master Accountant Network \u7684\u4e13\u5bb6\u56e2\u961f\u968f\u65f6\u51c6\u5907\u4e3a\u60a8\u63d0\u4f9b\u6df1\u5165\u7684\u54a8\u8be2\u670d\u52a1\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5730\u5740\uff1a\u80e1\u5fd7\u660e\u5e02\u65b0\u987a\u574a43\u885719A\u53f7<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u624b\u673a\/\u624e\u6d1b\uff1a0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u90ae\u7bb1: man@man.net.vn<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u5185\u5bb9\u5236\u4f5c\uff1a\u5148\u751f <\/span><a href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">\u9ece\u9ec4\u5ba3<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 MAN \u2013 Master Accountant Network \u7684\u521b\u59cb\u4eba\u517c\u9996\u5e2d\u6267\u884c\u5b98\uff0c\u8d8a\u5357\u6ce8\u518c\u4f1a\u8ba1\u5e08\uff0c\u62e5\u6709\u8d85\u8fc7 30 \u5e74\u7684\u4f1a\u8ba1\u3001\u5ba1\u8ba1\u548c\u8d22\u52a1\u54a8\u8be2\u7ecf\u9a8c\u3002<\/span><\/p>\n<p style=\"text-align: right;\"><b><i>MAN\u7f16\u8f91\u59d4\u5458\u4f1a \u2013 \u9ad8\u7ea7\u4f1a\u8ba1\u5e08\u7f51\u7edc<\/i><\/b><\/p>","protected":false},"excerpt":{"rendered":"<p>Trong b\u1ed1i c\u1ea3nh n\u1ec1n kinh t\u1ebf hi\u1ec7n \u0111\u1ea1i, vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n vay \u0111\u1ec3 m\u1edf r\u1ed9ng ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh l\u00e0 \u0111i\u1ec1u t\u1ea5t y\u1ebfu c\u1ee7a h\u1ea7u h\u1ebft c\u00e1c doanh nghi\u1ec7p. Tuy nhi\u00ean, kh\u00f4ng ph\u1ea3i to\u00e0n b\u1ed9 l\u00e3i vay ph\u00e1t sinh \u0111\u1ec1u \u0111\u01b0\u1ee3c c\u01a1 quan Thu\u1ebf ch\u1ea5p nh\u1eadn l\u00e0 chi ph\u00ed h\u1ee3p l\u00fd. \u0110\u1eb7c [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/comments?post=2679"}],"version-history":[{"count":1,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2679\/revisions"}],"predecessor-version":[{"id":2685,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2679\/revisions\/2685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media\/2681"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media?parent=2679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/categories?post=2679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/tags?post=2679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}