{"id":2746,"date":"2026-01-01T20:55:27","date_gmt":"2026-01-02T03:55:27","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=2746"},"modified":"2026-01-01T20:55:27","modified_gmt":"2026-01-02T03:55:27","slug":"tac-dong-chi-phi-lai-vay-bi-khong-che","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/","title":{"rendered":"\u5229\u606f\u652f\u51fa\u9650\u5236\u7684\u5f71\u54cd\u2014\u2014\u4e3a\u4ec0\u4e48\u8bb8\u591a\u4f01\u4e1a\u8981\u8865\u7f34\u7a0e\u6b3e\uff1f"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">V\u1ea5n \u0111\u1ec1 t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111ang tr\u1edf th\u00e0nh m\u1ed1i quan t\u00e2m h\u00e0ng \u0111\u1ea7u c\u1ee7a c\u00e1c doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft. Vi\u1ec7c \u00e1p d\u1ee5ng m\u1ee9c tr\u1ea7n 30% EBITDA kh\u00f4ng ch\u1ec9 nh\u1eb1m ch\u1ed1ng chuy\u1ec3n gi\u00e1 m\u00e0 c\u00f2n th\u00fac \u0111\u1ea9y doanh nghi\u1ec7p x\u00e2y d\u1ef1ng c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh l\u00e0nh m\u1ea1nh. B\u00e0i vi\u1ebft n\u00e0y s\u1ebd ph\u00e2n t\u00edch chi ti\u1ebft nh\u1eefng t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf d\u01b0\u1edbi g\u00f3c nh\u00ecn ph\u00e1p l\u00fd m\u1edbi nh\u1ea5t t\u1eeb <\/span><a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-20-2025-ND-CP-sua-doi-Nghi-dinh-132-2020-ND-%D0%A1%D0%A0-quan-ly-thue-doanh-nghiep-co-giao-dich-lien-ket-642785.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP<\/span><\/a><span style=\"font-weight: 400;\"> s\u1eeda \u0111\u1ed5i, b\u1ed5 sung t\u1eeb <\/span><a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-132-2020-ND-CP-quy-dinh-quan-ly-thue-doi-voi-doanh-nghiep-co-giao-dich-lien-ket-452218.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP<\/span><\/a><span style=\"font-weight: 400;\">.<\/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\">M\u1ee5c l\u1ee5c<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Tai_sao_doanh_nghiep_chiu_tac_dong_chi_phi_lai_vay_bi_khong_che\" >T\u1ea1i sao doanh nghi\u1ec7p ch\u1ecbu t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Nhung_thay_doi_quan_trong_trong_nam_2026\" >Nh\u1eefng thay \u0111\u1ed5i quan tr\u1ecdng trong n\u0103m 2026<\/a><\/li><\/ul><\/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\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Phan_tich_chi_tiet_tac_dong_cua_chi_phi_lai_vay_bi_khong_che\" >Ph\u00e2n t\u00edch chi ti\u1ebft t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Tac_dong_chi_phi_lai_vay_bi_khong_che_den_nghia_vu_thue_TNDN\" >T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn ngh\u0129a v\u1ee5 thu\u1ebf TNDN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Tac_dong_chi_phi_lai_vay_bi_khong_che_den_cau_truc_nguon_von\" >T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn c\u1ea5u tr\u00fac ngu\u1ed3n v\u1ed1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Tac_dong_chi_phi_lai_vay_bi_khong_che_den_dong_tien_va_loi_nhuan\" >T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 l\u1ee3i nhu\u1eadn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Tac_dong_chi_phi_lai_vay_bi_khong_che_den_cac_tap_doan_da_quoc_gia_FDI\" >T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn c\u00e1c t\u1eadp \u0111o\u00e0n \u0111a qu\u1ed1c gia (FDI)<\/a><\/li><\/ul><\/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\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Chien_luoc_ung_pho_voi_tac_dong_cua_chi_phi_lai_vay_bi_khong_che\" >Chi\u1ebfn l\u01b0\u1ee3c \u1ee9ng ph\u00f3 v\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Quan_tri_chi_so_EBITDA_thue\" >Qu\u1ea3n tr\u1ecb ch\u1ec9 s\u1ed1 EBITDA thu\u1ebf<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Tan_dung_co_che_chuyen_chi_phi_lai_vay_sang_ky_sau\" >T\u1eadn d\u1ee5ng c\u01a1 ch\u1ebf chuy\u1ec3n chi ph\u00ed l\u00e3i vay sang k\u1ef3 sau<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Ap_dung_quy_dinh_moi_ve_loai_tru_quan_he_lien_ket\" >\u00c1p d\u1ee5ng quy \u0111\u1ecbnh m\u1edbi v\u1ec1 lo\u1ea1i tr\u1eeb quan h\u1ec7 li\u00ean k\u1ebft<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Rui_ro_trong_tam_khi_bi_khong_che_chi_phi_lai_vay\" >R\u1ee7i ro tr\u1ecdng t\u00e2m khi b\u1ecb kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay<\/a><\/li><\/ul><\/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\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Ket_luan\" >K\u1ebft lu\u1eadn<\/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\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Th\u00f4ng tin li\u00ean h\u1ec7 MAN &#8211; 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-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Giai_dap_thac_mac_ve_tac_dong_cua_chi_phi_lai_vay_bi_khong_che\" >Gi\u1ea3i \u0111\u00e1p th\u1eafc m\u1eafc v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf<\/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\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Chi_phi_lai_vay_bi_khong_che_ap_dung_cho_nhung_doanh_nghiep_nao\" >Chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u00e1p d\u1ee5ng cho nh\u1eefng doanh nghi\u1ec7p n\u00e0o?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Phan_chi_phi_lai_vay_vuot_tran_co_duoc_chuyen_sang_nam_sau_khong\" >Ph\u1ea7n chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t tr\u1ea7n c\u00f3 \u0111\u01b0\u1ee3c chuy\u1ec3n sang n\u0103m sau kh\u00f4ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Vay_von_ngan_hang_co_con_bi_khong_che_chi_phi_lai_vay_tu_nam_2026_khong\" >Vay v\u1ed1n ng\u00e2n h\u00e0ng c\u00f3 c\u00f2n b\u1ecb kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay t\u1eeb n\u0103m 2026 kh\u00f4ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Neu_khong_tuan_thu_quy_dinh_khong_che_chi_phi_lai_vay_doanh_nghiep_doi_mat_rui_ro_gi\" >N\u1ebfu kh\u00f4ng tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay, doanh nghi\u1ec7p \u0111\u1ed1i m\u1eb7t r\u1ee7i ro g\u00ec?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/tac-dong-chi-phi-lai-vay-bi-khong-che\/#Doanh_nghiep_nen_kiem_soat_rui_ro_chi_phi_lai_vay_bi_khong_che_nhu_the_nao\" >Doanh nghi\u1ec7p n\u00ean ki\u1ec3m so\u00e1t r\u1ee7i ro chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf nh\u01b0 th\u1ebf n\u00e0o?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Tai_sao_doanh_nghiep_chiu_tac_dong_chi_phi_lai_vay_bi_khong_che\"><\/span><b>T\u1ea1i sao doanh nghi\u1ec7p ch\u1ecbu t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Theo quy \u0111\u1ecbnh t\u1ea1i Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP, khi m\u1ed9t doanh nghi\u1ec7p ph\u00e1t sinh quan h\u1ec7 li\u00ean k\u1ebft (nh\u01b0 vay v\u1ed1n c\u00f4ng ty m\u1eb9, m\u01b0\u1ee3n danh ngh\u0129a \u0111i\u1ec1u h\u00e0nh, ho\u1eb7c t\u1ef7 l\u1ec7 n\u1ee3 vay ng\u00e2n h\u00e0ng qu\u00e1 l\u1edbn so v\u1edbi v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu theo ti\u00eau ch\u00ed c\u0169), t\u1ed5ng <a href=\"https:\/\/giaodichlienket.man.net.vn\/khoan-chi-phi-lai-vay-duoc-tru\/\">chi ph\u00ed l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb<\/a> khi t\u00ednh thu\u1ebf TNDN s\u1ebd b\u1ecb gi\u1edbi h\u1ea1n.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Th\u1ef1c t\u1ebf, t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf b\u1eaft \u0111\u1ea7u ph\u00e1t sinh khi t\u1ed5ng l\u00e3i vay r\u00f2ng v\u01b0\u1ee3t qu\u00e1 30% ch\u1ec9 s\u1ed1 EBITDA c\u1ee7a doanh nghi\u1ec7p. Quy \u0111\u1ecbnh n\u00e0y \u00e1p d\u1ee5ng cho c\u1ea3 c\u00e1c kho\u1ea3n vay t\u1eeb ng\u00e2n h\u00e0ng \u0111\u1ed9c l\u1eadp n\u1ebfu doanh nghi\u1ec7p n\u1eb1m trong nh\u00f3m \u0111\u1ed1i t\u01b0\u1ee3ng c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Nhung_thay_doi_quan_trong_trong_nam_2026\"><\/span><b>Nh\u1eefng thay \u0111\u1ed5i quan tr\u1ecdng trong n\u0103m 2026<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">N\u0103m 2026 ghi nh\u1eadn s\u1ef1 th\u00e1o g\u1ee1 n\u00fat th\u1eaft t\u1eeb Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP. \u0110i\u1ec3m m\u1edbi n\u00e0y l\u00e0m gi\u1ea3m b\u1edbt t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p ch\u1ec9 thu\u1ea7n t\u00fay vay v\u1ed1n ng\u00e2n h\u00e0ng \u0111\u1ec3 \u0111\u1ea7u t\u01b0 kinh doanh m\u00e0 kh\u00f4ng c\u00f3 \u00fd \u0111\u1ecbnh chuy\u1ec3n gi\u00e1. \u0110i\u1ec1u n\u00e0y mang l\u1ea1i s\u1ef1 c\u00f4ng b\u1eb1ng h\u01a1n cho c\u00e1c t\u1eadp \u0111o\u00e0n n\u1ed9i \u0111\u1ecba th\u00e2m d\u1ee5ng v\u1ed1n.<\/span><\/p>\n<blockquote><p><b>Xem chi ti\u1ebft:<\/b> <a href=\"https:\/\/giaodichlienket.man.net.vn\/chi-phi-lai-vay-bi-khong-che\/\"><span style=\"font-weight: 400;\">Quy \u0111\u1ecbnh m\u1edbi nh\u1ea5t 2026 v\u1ec1 chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf.<\/span><\/a><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Phan_tich_chi_tiet_tac_dong_cua_chi_phi_lai_vay_bi_khong_che\"><\/span><b>Ph\u00e2n t\u00edch chi ti\u1ebft t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u0110\u1ec3 hi\u1ec3u r\u00f5 b\u1ea3n ch\u1ea5t v\u00e0 m\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng tr\u00ean th\u1ef1c t\u1ebf, c\u1ea7n \u0111i s\u00e2u ph\u00e2n t\u00edch chi ti\u1ebft t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf d\u01b0\u1edbi nhi\u1ec1u g\u00f3c \u0111\u1ed9 kh\u00e1c nhau, t\u1eeb ngh\u0129a v\u1ee5 thu\u1ebf, c\u1ea5u tr\u00fac ngu\u1ed3n v\u1ed1n cho \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 hi\u1ec7u qu\u1ea3 t\u00e0i ch\u00ednh c\u1ee7a doanh nghi\u1ec7p trong b\u1ed1i c\u1ea3nh \u00e1p d\u1ee5ng quy \u0111\u1ecbnh m\u1edbi.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Tac_dong_chi_phi_lai_vay_bi_khong_che_den_nghia_vu_thue_TNDN\"><\/span><b>T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn ngh\u0129a v\u1ee5 thu\u1ebf TNDN<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<figure id=\"attachment_2750\" aria-describedby=\"caption-attachment-2750\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2750\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-nghia-vu-thue-TNDN.jpg\" alt=\"T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn ngh\u0129a v\u1ee5 thu\u1ebf TNDN\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-nghia-vu-thue-TNDN.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-nghia-vu-thue-TNDN-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-nghia-vu-thue-TNDN-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-nghia-vu-thue-TNDN-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-nghia-vu-thue-TNDN-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2750\" class=\"wp-caption-text\">T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn ngh\u0129a v\u1ee5 thu\u1ebf TNDN<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u0110\u00e2y l\u00e0 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp v\u00e0 d\u1ec5 nh\u1eadn th\u1ea5y nh\u1ea5t. Khi t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf x\u1ea3y ra, ph\u1ea7n chi ph\u00ed l\u00e3i v\u01b0\u1ee3t tr\u1ea7n 30% EBITDA s\u1ebd b\u1ecb coi l\u00e0 chi ph\u00ed kh\u00f4ng h\u1ee3p l\u00fd.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">T\u0103ng thu nh\u1eadp ch\u1ecbu thu\u1ebf: Doanh nghi\u1ec7p ph\u1ea3i c\u1ed9ng ng\u01b0\u1ee3c ph\u1ea7n chi ph\u00ed b\u1ecb lo\u1ea1i n\u00e0y v\u00e0o thu nh\u1eadp ch\u1ecbu thu\u1ebf.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">T\u0103ng s\u1ed1 thu\u1ebf ph\u1ea3i n\u1ed9p: D\u00f9 th\u1ef1c t\u1ebf doanh nghi\u1ec7p ph\u1ea3i chi tr\u1ea3 l\u00e3i vay cho ng\u00e2n h\u00e0ng ho\u1eb7c \u0111\u1ed1i t\u00e1c, nh\u01b0ng ng\u00e2n s\u00e1ch thu\u1ebf v\u1eabn t\u0103ng l\u00ean, g\u00e2y \u00e1p l\u1ef1c t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf vi\u1ec7c l\u00e0m gia t\u0103ng ngh\u0129a v\u1ee5 thu\u1ebf TNDN trong ng\u1eafn h\u1ea1n, t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf c\u00f2n bu\u1ed9c doanh nghi\u1ec7p ph\u1ea3i nh\u00ecn l\u1ea1i c\u00e1ch th\u1ee9c huy \u0111\u1ed9ng v\u00e0 ph\u00e2n b\u1ed5 ngu\u1ed3n v\u1ed1n. Khi <a href=\"https:\/\/giaodichlienket.man.net.vn\/khoan-chi-phi-lai-vay-khong-duoc-tru\/\">chi ph\u00ed l\u00e3i vay kh\u00f4ng c\u00f2n \u0111\u01b0\u1ee3c kh\u1ea5u tr\u1eeb<\/a> to\u00e0n b\u1ed9, b\u00e0i to\u00e1n t\u1ed1i \u01b0u c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh v\u00e0 ki\u1ec3m so\u00e1t \u0111\u00f2n b\u1ea9y tr\u1edf th\u00e0nh y\u00eau c\u1ea7u mang t\u00ednh chi\u1ebfn l\u01b0\u1ee3c, \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn s\u1ef1 b\u1ec1n v\u1eefng c\u1ee7a doanh nghi\u1ec7p trong d\u00e0i h\u1ea1n.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Tac_dong_chi_phi_lai_vay_bi_khong_che_den_cau_truc_nguon_von\"><\/span><b>T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn c\u1ea5u tr\u00fac ngu\u1ed3n v\u1ed1n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u0110\u1ec3 th\u00edch \u1ee9ng v\u1edbi c\u00e1c t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf, nhi\u1ec1u doanh nghi\u1ec7p bu\u1ed9c ph\u1ea3i t\u00e1i c\u1ea5u tr\u00fac b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gi\u1ea3m \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh: H\u1ea1n ch\u1ebf c\u00e1c kho\u1ea3n vay c\u00f3 l\u00e3i su\u1ea5t cao.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">T\u0103ng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu: Chuy\u1ec3n n\u1ee3 th\u00e0nh v\u1ed1n g\u00f3p (Debt-to-Equity swap) \u0111\u1ec3 l\u00e0m d\u00e0y m\u1eabu s\u1ed1 EBITDA v\u00e0 gi\u1ea3m s\u1ed1 tuy\u1ec7t \u0111\u1ed1i c\u1ee7a chi ph\u00ed l\u00e3i vay.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">V\u1ea5n \u0111\u1ec1 v\u1ed1n m\u1ecfng: Quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf l\u00e3i vay gi\u00e1n ti\u1ebfp ng\u0103n ch\u1eb7n t\u00ecnh tr\u1ea1ng doanh nghi\u1ec7p ho\u1ea1t \u0111\u1ed9ng ch\u1ee7 y\u1ebfu d\u1ef1a tr\u00ean v\u1ed1n vay, gi\u00fap h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh b\u1ec1n v\u1eefng h\u01a1n.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf vi\u1ec7c bu\u1ed9c doanh nghi\u1ec7p \u0111i\u1ec1u ch\u1ec9nh c\u1ea5u tr\u00fac ngu\u1ed3n v\u1ed1n v\u00e0 m\u1ee9c \u0111\u1ed9 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh, t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf c\u00f2n lan t\u1ecfa tr\u1ef1c ti\u1ebfp \u0111\u1ebfn hi\u1ec7u qu\u1ea3 v\u1eadn h\u00e0nh b\u00ean trong doanh nghi\u1ec7p. Tr\u00ean th\u1ef1c t\u1ebf, nh\u1eefng thay \u0111\u1ed5i v\u1ec1 c\u01a1 c\u1ea5u vay &#8211; v\u1ed1n ch\u1ee7 s\u1ebd nhanh ch\u00f3ng ph\u1ea3n \u00e1nh v\u00e0o d\u00f2ng ti\u1ec1n th\u1ef1c t\u1ebf c\u0169ng nh\u01b0 l\u1ee3i nhu\u1eadn t\u00ednh thu\u1ebf, t\u1ea1o ra \u00e1p l\u1ef1c t\u00e0i ch\u00ednh r\u00f5 r\u1ec7t trong qu\u00e1 tr\u00ecnh s\u1ea3n xu\u1ea5t &#8211; kinh doanh.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Tac_dong_chi_phi_lai_vay_bi_khong_che_den_dong_tien_va_loi_nhuan\"><\/span><b>T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 l\u1ee3i nhu\u1eadn<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<figure id=\"attachment_2749\" aria-describedby=\"caption-attachment-2749\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2749\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-dong-tien-va-loi-nhuan.jpg\" alt=\"T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 l\u1ee3i nhu\u1eadn\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-dong-tien-va-loi-nhuan.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-dong-tien-va-loi-nhuan-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-dong-tien-va-loi-nhuan-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-dong-tien-va-loi-nhuan-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Tac-dong-chi-phi-lai-vay-bi-khong-che-den-dong-tien-va-loi-nhuan-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2749\" class=\"wp-caption-text\">T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 l\u1ee3i nhu\u1eadn<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">S\u1ef1 t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf t\u1ea1o ra s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa l\u1ee3i nhu\u1eadn k\u1ebf to\u00e1n v\u00e0 l\u1ee3i nhu\u1eadn t\u00ednh thu\u1ebf.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00c1p l\u1ef1c d\u00f2ng ti\u1ec1n: Doanh nghi\u1ec7p ph\u1ea3i tr\u00edch m\u1ed9t ph\u1ea7n d\u00f2ng ti\u1ec1n ho\u1ea1t \u0111\u1ed9ng \u0111\u1ec3 n\u1ed9p thu\u1ebf TNDN cho ph\u1ea7n chi ph\u00ed b\u1ecb lo\u1ea1i, l\u00e0m gi\u1ea3m ngu\u1ed3n v\u1ed1n t\u00e1i \u0111\u1ea7u t\u01b0.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ch\u1ec9 s\u1ed1 sinh l\u1eddi: C\u00e1c ch\u1ec9 s\u1ed1 nh\u01b0 ROE (L\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n ch\u1ee7) c\u00f3 th\u1ec3 b\u1ecb s\u1ee5t gi\u1ea3m do chi ph\u00ed thu\u1ebf t\u0103ng cao b\u1ea5t th\u01b0\u1eddng so v\u1edbi th\u1ef1c t\u1ebf kinh doanh.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kh\u00f4ng ch\u1ec9 t\u1ea1o \u00e1p l\u1ef1c l\u00ean d\u00f2ng ti\u1ec1n v\u00e0 l\u00e0m ph\u00e1t sinh ch\u00eanh l\u1ec7ch gi\u1eefa l\u1ee3i nhu\u1eadn k\u1ebf to\u00e1n v\u00e0 l\u1ee3i nhu\u1eadn t\u00ednh thu\u1ebf, t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf c\u00f2n b\u1ed9c l\u1ed9 r\u00f5 h\u01a1n khi \u0111\u1eb7t trong b\u1ed1i c\u1ea3nh c\u00e1c doanh nghi\u1ec7p c\u00f3 c\u1ea5u tr\u00fac v\u1ed1n ph\u1ee9c t\u1ea1p v\u00e0 quan h\u1ec7 li\u00ean k\u1ebft xuy\u00ean bi\u00ean gi\u1edbi. \u0110\u1ed1i v\u1edbi c\u00e1c t\u1eadp \u0111o\u00e0n \u0111a qu\u1ed1c gia (FDI), quy \u0111\u1ecbnh n\u00e0y kh\u00f4ng \u0111\u01a1n thu\u1ea7n l\u00e0 v\u1ea5n \u0111\u1ec1 chi ph\u00ed hay d\u00f2ng ti\u1ec1n, m\u00e0 c\u00f2n g\u1eafn ch\u1eb7t v\u1edbi r\u1ee7i ro chuy\u1ec3n gi\u00e1, \u0111\u00e1nh thu\u1ebf tr\u00f9ng v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 l\u1ee3i nhu\u1eadn to\u00e0n c\u1ea7u.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Tac_dong_chi_phi_lai_vay_bi_khong_che_den_cac_tap_doan_da_quoc_gia_FDI\"><\/span><b>T\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ebfn c\u00e1c t\u1eadp \u0111o\u00e0n \u0111a qu\u1ed1c gia (FDI)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u0110\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty FDI, t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf l\u00e0 c\u00f4ng c\u1ee5 \u0111\u1ec3 ng\u0103n ch\u1eb7n vi\u1ec7c chuy\u1ec3n l\u1ee3i nhu\u1eadn ra n\u01b0\u1edbc ngo\u00e0i th\u00f4ng qua l\u00e3i su\u1ea5t vay n\u1ed9i b\u1ed9 cao. Tuy nhi\u00ean, n\u1ebfu kh\u00f4ng c\u00f3 k\u1ebf ho\u1ea1ch thu\u1ebf r\u00f5 r\u00e0ng, c\u00e1c t\u1eadp \u0111o\u00e0n n\u00e0y d\u1ec5 r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng b\u1ecb \u0111\u00e1nh thu\u1ebf tr\u00f9ng t\u1ea1i c\u1ea3 n\u01b0\u1edbc \u0111i vay v\u00e0 n\u01b0\u1edbc cho vay.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_ung_pho_voi_tac_dong_cua_chi_phi_lai_vay_bi_khong_che\"><\/span><b>Chi\u1ebfn l\u01b0\u1ee3c \u1ee9ng ph\u00f3 v\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u0110\u1ec3 gi\u1ea3m thi\u1ec3u c\u00e1c ti\u00eau c\u1ef1c t\u1eeb t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf, doanh nghi\u1ec7p c\u1ea7n th\u1ef1c hi\u1ec7n \u0111\u1ed3ng b\u1ed9 c\u00e1c gi\u1ea3i ph\u00e1p sau:<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Quan_tri_chi_so_EBITDA_thue\"><\/span><b>Qu\u1ea3n tr\u1ecb ch\u1ec9 s\u1ed1 EBITDA thu\u1ebf<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">EBITDA thu\u1ebf kh\u00e1c v\u1edbi EBITDA k\u1ebf to\u00e1n. Doanh nghi\u1ec7p c\u1ea7n ch\u1ee7 \u0111\u1ed9ng t\u00ednh to\u00e1n tr\u01b0\u1edbc ch\u1ec9 s\u1ed1 n\u00e0y \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh k\u1ebf ho\u1ea1ch vay v\u1ed1n. Khi d\u1ef1 b\u00e1o EBITDA t\u0103ng, doanh nghi\u1ec7p c\u00f3 th\u1ec3 t\u0103ng m\u1ee9c vay; ng\u01b0\u1ee3c l\u1ea1i, khi EBITDA th\u1ea5p, c\u1ea7n ti\u1ebft gi\u1ea3m l\u00e3i vay \u0111\u1ec3 tr\u00e1nh b\u1ecb kh\u1ed1ng ch\u1ebf.<\/span><\/p>\n<blockquote><p><strong>Xem chi ti\u1ebft:<\/strong> <a href=\"https:\/\/giaodichlienket.man.net.vn\/cong-thuc-tinh-ebitda\/\">C\u00f4ng th\u1ee9c t\u00ednh EBIDA.<\/a><\/p><\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Tan_dung_co_che_chuyen_chi_phi_lai_vay_sang_ky_sau\"><\/span><b>T\u1eadn d\u1ee5ng c\u01a1 ch\u1ebf chuy\u1ec3n chi ph\u00ed l\u00e3i vay sang k\u1ef3 sau<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ph\u00e1p lu\u1eadt cho ph\u00e9p chuy\u1ec3n ph\u1ea7n chi ph\u00ed l\u00e3i vay b\u1ecb lo\u1ea1i sang c\u00e1c n\u0103m ti\u1ebfp theo (t\u1ed1i \u0111a 5 n\u0103m) n\u1ebfu n\u0103m \u0111\u00f3 EBITDA \u0111\u1ee7 l\u1edbn \u0111\u1ec3 h\u1ea5p th\u1ee5. Doanh nghi\u1ec7p c\u1ea7n c\u00f3 b\u1ea3ng k\u00ea theo d\u00f5i chi ti\u1ebft \u0111\u1ec3 kh\u00f4ng b\u1ecf l\u1ee1 quy\u1ec1n l\u1ee3i n\u00e0y, t\u1eeb \u0111\u00f3 l\u00e0m gi\u1ea3m nh\u1eb9 t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf trong d\u00e0i h\u1ea1n.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">C\u0103n c\u1ee9 \u0110i\u1ec3m b Kho\u1ea3n 3 \u0110i\u1ec1u 16 Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cPh\u1ea7n chi ph\u00ed l\u00e3i vay kh\u00f4ng \u0111\u01b0\u1ee3c tr\u1eeb theo quy \u0111\u1ecbnh t\u1ea1i \u0111i\u1ec3m a kho\u1ea3n n\u00e0y \u0111\u01b0\u1ee3c chuy\u1ec3n sang k\u1ef3 t\u00ednh thu\u1ebf ti\u1ebfp theo khi x\u00e1c \u0111\u1ecbnh t\u1ed5ng chi ph\u00ed l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb trong tr\u01b0\u1eddng h\u1ee3p t\u1ed5ng chi ph\u00ed l\u00e3i vay ph\u00e1t sinh c\u1ee7a k\u1ef3 t\u00ednh thu\u1ebf ti\u1ebfp theo th\u1ea5p h\u01a1n m\u1ee9c quy \u0111\u1ecbnh t\u1ea1i \u0111i\u1ec3m a kho\u1ea3n n\u00e0y. Th\u1eddi gian chuy\u1ec3n chi ph\u00ed l\u00e3i vay t\u00ednh li\u00ean t\u1ee5c kh\u00f4ng qu\u00e1 05 n\u0103m k\u1ec3 t\u1eeb n\u0103m ti\u1ebfp sau n\u0103m ph\u00e1t sinh chi ph\u00ed l\u00e3i vay kh\u00f4ng \u0111\u01b0\u1ee3c tr\u1eeb;&#8221;<\/span><\/p>\n<p><b>Ngu\u1ed3n:<\/b> <a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-132-2020-ND-CP-quy-dinh-quan-ly-thue-doi-voi-doanh-nghiep-co-giao-dich-lien-ket-452218.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP v\u1ec1 giao d\u1ecbch li\u00ean k\u1ebft.<\/span><\/a><\/p><\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Ap_dung_quy_dinh_moi_ve_loai_tru_quan_he_lien_ket\"><\/span><b>\u00c1p d\u1ee5ng quy \u0111\u1ecbnh m\u1edbi v\u1ec1 lo\u1ea1i tr\u1eeb quan h\u1ec7 li\u00ean k\u1ebft<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP \u0111\u00e3 m\u1edf ra c\u01a1 h\u1ed9i cho doanh nghi\u1ec7p gi\u1ea3i tr\u00ecnh v\u1ec1 quan h\u1ec7 li\u00ean k\u1ebft v\u1edbi ng\u00e2n h\u00e0ng. N\u1ebfu ch\u1ee9ng minh \u0111\u01b0\u1ee3c kho\u1ea3n vay l\u00e0 \u0111\u1ed9c l\u1eadp v\u00e0 ng\u00e2n h\u00e0ng kh\u00f4ng ki\u1ec3m so\u00e1t ho\u1ea1t \u0111\u1ed9ng, doanh nghi\u1ec7p c\u00f3 th\u1ec3 tho\u00e1t kh\u1ecfi t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ed1i v\u1edbi c\u00e1c kho\u1ea3n vay th\u01b0\u01a1ng m\u1ea1i n\u00e0y.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP b\u1ed5 sung c\u00e1c quy \u0111\u1ecbnh nh\u1eb1m lo\u1ea1i tr\u1eeb &#8220;t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c&#8221; l\u00ean c\u00e1c kho\u1ea3n vay ng\u00e2n h\u00e0ng \u0111\u1ed9c l\u1eadp. Quy \u0111\u1ecbnh m\u1edbi l\u00e0m r\u00f5 r\u1eb1ng c\u00e1c t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng (ng\u00e2n h\u00e0ng) kh\u00f4ng b\u1ecb coi l\u00e0 b\u00ean li\u00ean k\u1ebft theo \u0111i\u1ec3m d n\u00eau tr\u00ean n\u1ebfu:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cT\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng kh\u00f4ng tham gia tr\u1ef1c ti\u1ebfp ho\u1eb7c gi\u00e1n ti\u1ebfp v\u00e0o vi\u1ec7c \u0111i\u1ec1u h\u00e0nh, ki\u1ec3m so\u00e1t, g\u00f3p v\u1ed1n ho\u1eb7c quy\u1ebft \u0111\u1ecbnh \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh c\u1ee7a doanh nghi\u1ec7p \u0111i vay; v\u00e0 giao d\u1ecbch cho vay \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo quy \u0111\u1ecbnh c\u1ee7a ph\u00e1p lu\u1eadt v\u1ec1 c\u00e1c t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng, tu\u00e2n th\u1ee7 nguy\u00ean t\u1eafc \u0111\u1ed9c l\u1eadp v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng.&#8221;<\/span><\/p>\n<p><b>Ngu\u1ed3n:<\/b> <a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-20-2025-ND-CP-sua-doi-Nghi-dinh-132-2020-ND-%D0%A1%D0%A0-quan-ly-thue-doanh-nghiep-co-giao-dich-lien-ket-642785.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP.<\/span><\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">M\u1eb7c d\u00f9 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u1ee9ng ph\u00f3 tr\u00ean gi\u00fap doanh nghi\u1ec7p gi\u1ea3m thi\u1ec3u \u0111\u00e1ng k\u1ec3 t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf, nh\u01b0ng tr\u00ean th\u1ef1c t\u1ebf, vi\u1ec7c \u00e1p d\u1ee5ng kh\u00f4ng \u0111\u00fang quy \u0111\u1ecbnh ho\u1eb7c thi\u1ebfu ki\u1ec3m so\u00e1t ngay t\u1eeb kh\u00e2u l\u1eadp k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh v\u1eabn ti\u1ec1m \u1ea9n nhi\u1ec1u r\u1ee7i ro v\u1ec1 thu\u1ebf, d\u00f2ng ti\u1ec1n v\u00e0 ph\u00e1p l\u00fd. \u0110\u00e2y c\u0169ng l\u00e0 nguy\u00ean nh\u00e2n khi\u1ebfn kh\u00f4ng \u00edt doanh nghi\u1ec7p b\u1ecb truy thu, ph\u1ea1t ch\u1eadm n\u1ed9p ho\u1eb7c \u0111\u00e1nh gi\u00e1 l\u1ea1i giao d\u1ecbch li\u00ean k\u1ebft trong c\u00e1c k\u1ef3 thanh tra thu\u1ebf.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_trong_tam_khi_bi_khong_che_chi_phi_lai_vay\"><\/span><b>R\u1ee7i ro tr\u1ecdng t\u00e2m khi b\u1ecb kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_2748\" aria-describedby=\"caption-attachment-2748\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2748\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Rui-ro-thue-tu-tac-dong-chi-phi-lai-vay-bi-khong-che-trong-giao-dich-lien-ket.jpg\" alt=\"R\u1ee7i ro thu\u1ebf t\u1eeb t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf trong giao d\u1ecbch li\u00ean k\u1ebft\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Rui-ro-thue-tu-tac-dong-chi-phi-lai-vay-bi-khong-che-trong-giao-dich-lien-ket.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Rui-ro-thue-tu-tac-dong-chi-phi-lai-vay-bi-khong-che-trong-giao-dich-lien-ket-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Rui-ro-thue-tu-tac-dong-chi-phi-lai-vay-bi-khong-che-trong-giao-dich-lien-ket-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Rui-ro-thue-tu-tac-dong-chi-phi-lai-vay-bi-khong-che-trong-giao-dich-lien-ket-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/01\/Rui-ro-thue-tu-tac-dong-chi-phi-lai-vay-bi-khong-che-trong-giao-dich-lien-ket-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2748\" class=\"wp-caption-text\">R\u1ee7i ro thu\u1ebf t\u1eeb t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf trong giao d\u1ecbch li\u00ean k\u1ebft<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Vi\u1ec7c nh\u1eadn di\u1ec7n c\u00e1c t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf tr\u00ean ph\u01b0\u01a1ng di\u1ec7n l\u00fd thuy\u1ebft l\u00e0 ch\u01b0a \u0111\u1ee7. Tr\u00ean th\u1ef1c t\u1ebf, n\u1ebfu doanh nghi\u1ec7p kh\u00f4ng c\u00f3 s\u1ef1 chu\u1ea9n b\u1ecb k\u1ef9 l\u01b0\u1ee1ng v\u1ec1 h\u1ed3 s\u01a1 ch\u1ee9ng minh v\u00e0 ph\u01b0\u01a1ng ph\u00e1p t\u00ednh to\u00e1n, nh\u1eefng t\u00e1c \u0111\u1ed9ng n\u00e0y s\u1ebd nhanh ch\u00f3ng bi\u1ebfn th\u00e0nh nh\u1eefng r\u1ee7i ro ph\u00e1p l\u00fd tr\u1ef1c ti\u1ebfp. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 nh\u1eefng sai s\u00f3t \u0111i\u1ec3n h\u00ecnh v\u00e0 h\u1ec7 l\u1ee5y t\u00e0i ch\u00ednh m\u00e0 doanh nghi\u1ec7p th\u01b0\u1eddng g\u1eb7p ph\u1ea3i:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">R\u1ee7i ro truy thu v\u00e0 ph\u1ea1t ch\u1eadm n\u1ed9p: Doanh nghi\u1ec7p t\u00ednh to\u00e1n sai ch\u1ec9 s\u1ed1 EBITDA thu\u1ebf d\u1eabn \u0111\u1ebfn k\u00ea khai thi\u1ebfu s\u1ed1 thu\u1ebf TNDN ph\u1ea3i n\u1ed9p. Khi c\u01a1 quan thu\u1ebf thanh tra, doanh nghi\u1ec7p kh\u00f4ng ch\u1ec9 b\u1ecb truy thu thu\u1ebf m\u00e0 c\u00f2n ch\u1ecbu ph\u1ea1t 20% tr\u00ean s\u1ed1 thu\u1ebf thi\u1ebfu v\u00e0 ti\u1ec1n ch\u1eadm n\u1ed9p 0.03%\/ng\u00e0y.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">R\u1ee7i ro m\u1ea5t quy\u1ec1n chuy\u1ec3n l\u00e3i vay: N\u1ebfu doanh nghi\u1ec7p kh\u00f4ng theo d\u00f5i v\u00e0 k\u00ea khai ph\u1ea7n l\u00e3i vay b\u1ecb lo\u1ea1i v\u00e0o Ph\u1ee5 l\u1ee5c giao d\u1ecbch li\u00ean k\u1ebft h\u00e0ng n\u0103m, c\u01a1 quan thu\u1ebf c\u00f3 th\u1ec3 b\u00e1c b\u1ecf quy\u1ec1n chuy\u1ec3n chi ph\u00ed n\u00e0y sang c\u00e1c n\u0103m ti\u1ebfp theo.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">R\u1ee7i ro t\u1eeb c\u00e1c giao d\u1ecbch m\u01b0\u1ee3n ti\u1ec1n l\u00e3i su\u1ea5t 0%: Nhi\u1ec1u doanh nghi\u1ec7p l\u1ea7m t\u01b0\u1edfng m\u01b0\u1ee3n ti\u1ec1n kh\u00f4ng l\u00e3i su\u1ea5t s\u1ebd kh\u00f4ng b\u1ecb kh\u1ed1ng ch\u1ebf. Tuy nhi\u00ean, c\u01a1 quan thu\u1ebf c\u00f3 quy\u1ec1n \u1ea5n \u0111\u1ecbnh l\u00e3i su\u1ea5t r\u00f2ng theo gi\u00e1 th\u1ecb tr\u01b0\u1eddng, d\u1eabn \u0111\u1ebfn ph\u00e1t sinh chi ph\u00ed l\u00e3i vay \u1ea3o v\u00e0 k\u00edch ho\u1ea1t quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf 30%.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Nh\u01b0 v\u1eady, t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf vi\u1ec7c l\u00e0m t\u0103ng ngh\u0129a v\u1ee5 thu\u1ebf TNDN m\u00e0 c\u00f2n \u1ea3nh h\u01b0\u1edfng s\u00e2u r\u1ed9ng \u0111\u1ebfn c\u1ea5u tr\u00fac ngu\u1ed3n v\u1ed1n, d\u00f2ng ti\u1ec1n v\u00e0 hi\u1ec7u qu\u1ea3 t\u00e0i ch\u00ednh c\u1ee7a doanh nghi\u1ec7p. V\u1edbi c\u00e1c c\u1eadp nh\u1eadt m\u1edbi n\u0103m 2026, \u0111\u1eb7c bi\u1ec7t t\u1eeb Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP, doanh nghi\u1ec7p v\u1eeba c\u00f3 th\u00eam c\u01a1 h\u1ed9i th\u00e1o g\u1ee1 v\u01b0\u1edbng m\u1eafc, v\u1eeba \u0111\u1ed1i m\u1eb7t v\u1edbi y\u00eau c\u1ea7u cao h\u01a1n v\u1ec1 qu\u1ea3n tr\u1ecb t\u00e0i ch\u00ednh v\u00e0 tu\u00e2n th\u1ee7 giao d\u1ecbch li\u00ean k\u1ebft. Vi\u1ec7c hi\u1ec3u \u0111\u00fang b\u1ea3n ch\u1ea5t quy \u0111\u1ecbnh, ch\u1ee7 \u0111\u1ed9ng d\u1ef1 b\u00e1o ch\u1ec9 s\u1ed1 EBITDA v\u00e0 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c vay v\u1ed1n ph\u00f9 h\u1ee3p l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 doanh nghi\u1ec7p ki\u1ec3m so\u00e1t r\u1ee7i ro v\u00e0 t\u1ed1i \u01b0u ngh\u0129a v\u1ee5 thu\u1ebf trong d\u00e0i h\u1ea1n.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>K\u1ebft lu\u1eadn<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Vi\u1ec7c nh\u1eadn di\u1ec7n v\u00e0 ki\u1ec3m so\u00e1t t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf l\u00e0 y\u00eau c\u1ea7u b\u1eaft bu\u1ed9c \u0111\u1ed1i v\u1edbi m\u1ecdi doanh nghi\u1ec7p c\u00f3 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh. Quy \u0111\u1ecbnh v\u1ec1 tr\u1ea7n 30% EBITDA kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ngh\u0129a v\u1ee5 thu\u1ebf TNDN m\u00e0 c\u00f2n \u0111\u1eb7t ra b\u00e0i to\u00e1n d\u00e0i h\u1ea1n v\u1ec1 c\u1ea5u tr\u00fac v\u1ed1n, d\u00f2ng ti\u1ec1n v\u00e0 t\u00ednh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u0110\u1ec3 h\u1ea1n ch\u1ebf r\u1ee7i ro b\u1ecb lo\u1ea1i chi ph\u00ed, truy thu v\u00e0 x\u1eed ph\u1ea1t thu\u1ebf, doanh nghi\u1ec7p c\u1ea7n ch\u1ee7 \u0111\u1ed9ng r\u00e0 so\u00e1t quan h\u1ec7 li\u00ean k\u1ebft, t\u00ednh to\u00e1n ch\u00ednh x\u00e1c EBITDA thu\u1ebf v\u00e0 c\u1eadp nh\u1eadt k\u1ecbp th\u1eddi c\u00e1c \u0111i\u1ec3m m\u1edbi t\u1eeb Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP. Trong nh\u1eefng tr\u01b0\u1eddng h\u1ee3p c\u1ea5u tr\u00fac vay v\u1ed1n ph\u1ee9c t\u1ea1p ho\u1eb7c c\u00f3 y\u1ebfu t\u1ed1 giao d\u1ecbch li\u00ean k\u1ebft, vi\u1ec7c tham v\u1ea5n \u00fd ki\u1ebfn t\u1eeb MAN &#8211; Master Accountant Network &#8211; \u0111\u01a1n v\u1ecb t\u01b0 v\u1ea5n thu\u1ebf chuy\u00ean s\u00e2u s\u1ebd gi\u00fap doanh nghi\u1ec7p x\u00e2y d\u1ef1ng ph\u01b0\u01a1ng \u00e1n tu\u00e2n th\u1ee7 ph\u00f9 h\u1ee3p, t\u1ed1i \u01b0u chi ph\u00ed h\u1ee3p ph\u00e1p v\u00e0 an t\u00e2m trong qu\u00e1 tr\u00ecnh thanh tra, ki\u1ec3m tra thu\u1ebf.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Th\u00f4ng tin li\u00ean h\u1ec7 MAN &#8211; Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u0110\u1ecba ch\u1ec9: S\u1ed1 19A, \u0111\u01b0\u1eddng 43, ph\u01b0\u1eddng T\u00e2n Thu\u1eadn, TP. H\u1ed3 Ch\u00ed Minh<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mobile\/Zalo: 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Email: man@man.net.vn<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ph\u1ee5 tr\u00e1ch s\u1ea3n xu\u1ea5t n\u1ed9i dung b\u1edfi: \u00d4ng <\/span><a href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">L\u00ea Ho\u00e0ng Tuy\u00ean<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 S\u00e1ng l\u1eadp vi\u00ean (Founder) v\u00e0 CEO MAN \u2013 Master Accountant Network, Ki\u1ec3m to\u00e1n vi\u00ean CPA Vi\u1ec7t Nam v\u1edbi h\u01a1n 30 n\u0103m kinh nghi\u1ec7m trong ng\u00e0nh K\u1ebf to\u00e1n, Ki\u1ec3m to\u00e1n v\u00e0 T\u01b0 v\u1ea5n T\u00e0i ch\u00ednh.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Giai_dap_thac_mac_ve_tac_dong_cua_chi_phi_lai_vay_bi_khong_che\"><\/span><b>Gi\u1ea3i \u0111\u00e1p th\u1eafc m\u1eafc v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Chi_phi_lai_vay_bi_khong_che_ap_dung_cho_nhung_doanh_nghiep_nao\"><\/span>Chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u00e1p d\u1ee5ng cho nh\u1eefng doanh nghi\u1ec7p n\u00e0o?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tQuy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay \u00e1p d\u1ee5ng \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft theo quy \u0111\u1ecbnh t\u1ea1i Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP. Trong m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p, d\u00f9 vay v\u1ed1n t\u1eeb ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i, doanh nghi\u1ec7p v\u1eabn c\u00f3 th\u1ec3 b\u1ecb \u00e1p d\u1ee5ng n\u1ebfu thu\u1ed9c di\u1ec7n c\u00f3 quan h\u1ec7 li\u00ean k\u1ebft theo ti\u00eau ch\u00ed ki\u1ec3m so\u00e1t.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Phan_chi_phi_lai_vay_vuot_tran_co_duoc_chuyen_sang_nam_sau_khong\"><\/span>Ph\u1ea7n chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t tr\u1ea7n c\u00f3 \u0111\u01b0\u1ee3c chuy\u1ec3n sang n\u0103m sau kh\u00f4ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tC\u00f3. Ph\u00e1p lu\u1eadt cho ph\u00e9p chuy\u1ec3n ph\u1ea7n chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf sang c\u00e1c k\u1ef3 t\u00ednh thu\u1ebf ti\u1ebfp theo, t\u1ed1i \u0111a 5 n\u0103m, n\u1ebfu c\u00e1c n\u0103m sau doanh nghi\u1ec7p c\u00f3 EBITDA \u0111\u1ee7 l\u1edbn \u0111\u1ec3 b\u00f9 \u0111\u1eafp. Tuy nhi\u00ean, doanh nghi\u1ec7p ph\u1ea3i theo d\u00f5i v\u00e0 k\u00ea khai \u0111\u1ea7y \u0111\u1ee7 \u0111\u1ec3 kh\u00f4ng b\u1ecb m\u1ea5t quy\u1ec1n chuy\u1ec3n chi ph\u00ed.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Vay_von_ngan_hang_co_con_bi_khong_che_chi_phi_lai_vay_tu_nam_2026_khong\"><\/span>Vay v\u1ed1n ng\u00e2n h\u00e0ng c\u00f3 c\u00f2n b\u1ecb kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay t\u1eeb n\u0103m 2026 kh\u00f4ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tTheo c\u00e1c c\u1eadp nh\u1eadt m\u1edbi t\u1eeb Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP, doanh nghi\u1ec7p c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c lo\u1ea1i tr\u1eeb quan h\u1ec7 li\u00ean k\u1ebft v\u1edbi ng\u00e2n h\u00e0ng n\u1ebfu ch\u1ee9ng minh kho\u1ea3n vay mang t\u00ednh \u0111\u1ed9c l\u1eadp, ng\u00e2n h\u00e0ng kh\u00f4ng tham gia \u0111i\u1ec1u h\u00e0nh hay ki\u1ec3m so\u00e1t doanh nghi\u1ec7p. \u0110\u00e2y l\u00e0 \u0111i\u1ec3m m\u1edbi quan tr\u1ecdng gi\u00fap gi\u1ea3m t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ed1i v\u1edbi nhi\u1ec1u doanh nghi\u1ec7p n\u1ed9i \u0111\u1ecba.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Neu_khong_tuan_thu_quy_dinh_khong_che_chi_phi_lai_vay_doanh_nghiep_doi_mat_rui_ro_gi\"><\/span>N\u1ebfu kh\u00f4ng tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay, doanh nghi\u1ec7p \u0111\u1ed1i m\u1eb7t r\u1ee7i ro g\u00ec?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tDoanh nghi\u1ec7p c\u00f3 th\u1ec3 b\u1ecb lo\u1ea1i chi ph\u00ed l\u00e3i vay khi quy\u1ebft to\u00e1n thu\u1ebf, d\u1eabn \u0111\u1ebfn t\u0103ng thu nh\u1eadp ch\u1ecbu thu\u1ebf, b\u1ecb truy thu thu\u1ebf TNDN, ph\u1ea1t ch\u1eadm n\u1ed9p, \u1ea5n \u0111\u1ecbnh thu\u1ebf v\u00e0 th\u1eadm ch\u00ed b\u1ecb \u0111\u01b0a v\u00e0o di\u1ec7n thanh tra giao d\u1ecbch li\u00ean k\u1ebft n\u1ebfu r\u1ee7i ro b\u1ecb \u0111\u00e1nh gi\u00e1 cao.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Doanh_nghiep_nen_kiem_soat_rui_ro_chi_phi_lai_vay_bi_khong_che_nhu_the_nao\"><\/span>Doanh nghi\u1ec7p n\u00ean ki\u1ec3m so\u00e1t r\u1ee7i ro chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf nh\u01b0 th\u1ebf n\u00e0o?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tGi\u1ea3i ph\u00e1p hi\u1ec7u qu\u1ea3 l\u00e0 ch\u1ee7 \u0111\u1ed9ng d\u1ef1 b\u00e1o EBITDA thu\u1ebf, r\u00e0 so\u00e1t quan h\u1ec7 li\u00ean k\u1ebft, c\u01a1 c\u1ea5u l\u1ea1i ngu\u1ed3n v\u1ed1n v\u00e0 x\u00e2y d\u1ef1ng h\u1ed3 s\u01a1 gi\u1ea3i tr\u00ecnh r\u00f5 r\u00e0ng cho c\u00e1c kho\u1ea3n vay. \u0110\u1ed1i v\u1edbi m\u00f4 h\u00ecnh vay v\u1ed1n ph\u1ee9c t\u1ea1p, doanh nghi\u1ec7p n\u00ean c\u00f3 s\u1ef1 h\u1ed7 tr\u1ee3 t\u1eeb chuy\u00ean gia t\u01b0 v\u1ea5n thu\u1ebf \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o tu\u00e2n th\u1ee7 v\u00e0 t\u1ed1i \u01b0u chi ph\u00ed h\u1ee3p ph\u00e1p.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t\n<script type=\"application\/ld+json\">\n    {\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u00e1p d\u1ee5ng cho nh\u1eefng doanh nghi\u1ec7p n\u00e0o?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay \u00e1p d\u1ee5ng \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft theo quy \u0111\u1ecbnh t\u1ea1i Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP. Trong m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p, d\u00f9 vay v\u1ed1n t\u1eeb ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i, doanh nghi\u1ec7p v\u1eabn c\u00f3 th\u1ec3 b\u1ecb \u00e1p d\u1ee5ng n\u1ebfu thu\u1ed9c di\u1ec7n c\u00f3 quan h\u1ec7 li\u00ean k\u1ebft theo ti\u00eau ch\u00ed ki\u1ec3m so\u00e1t.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Ph\u1ea7n chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t tr\u1ea7n c\u00f3 \u0111\u01b0\u1ee3c chuy\u1ec3n sang n\u0103m sau kh\u00f4ng?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"C\u00f3. Ph\u00e1p lu\u1eadt cho ph\u00e9p chuy\u1ec3n ph\u1ea7n chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf sang c\u00e1c k\u1ef3 t\u00ednh thu\u1ebf ti\u1ebfp theo, t\u1ed1i \u0111a 5 n\u0103m, n\u1ebfu c\u00e1c n\u0103m sau doanh nghi\u1ec7p c\u00f3 EBITDA \u0111\u1ee7 l\u1edbn \u0111\u1ec3 b\u00f9 \u0111\u1eafp. Tuy nhi\u00ean, doanh nghi\u1ec7p ph\u1ea3i theo d\u00f5i v\u00e0 k\u00ea khai \u0111\u1ea7y \u0111\u1ee7 \u0111\u1ec3 kh\u00f4ng b\u1ecb m\u1ea5t quy\u1ec1n chuy\u1ec3n chi ph\u00ed.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Vay v\u1ed1n ng\u00e2n h\u00e0ng c\u00f3 c\u00f2n b\u1ecb kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay t\u1eeb n\u0103m 2026 kh\u00f4ng?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Theo c\u00e1c c\u1eadp nh\u1eadt m\u1edbi t\u1eeb Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP, doanh nghi\u1ec7p c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c lo\u1ea1i tr\u1eeb quan h\u1ec7 li\u00ean k\u1ebft v\u1edbi ng\u00e2n h\u00e0ng n\u1ebfu ch\u1ee9ng minh kho\u1ea3n vay mang t\u00ednh \u0111\u1ed9c l\u1eadp, ng\u00e2n h\u00e0ng kh\u00f4ng tham gia \u0111i\u1ec1u h\u00e0nh hay ki\u1ec3m so\u00e1t doanh nghi\u1ec7p. \u0110\u00e2y l\u00e0 \u0111i\u1ec3m m\u1edbi quan tr\u1ecdng gi\u00fap gi\u1ea3m t\u00e1c \u0111\u1ed9ng c\u1ee7a chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111\u1ed1i v\u1edbi nhi\u1ec1u doanh nghi\u1ec7p n\u1ed9i \u0111\u1ecba.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"N\u1ebfu kh\u00f4ng tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay, doanh nghi\u1ec7p \u0111\u1ed1i m\u1eb7t r\u1ee7i ro g\u00ec?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Doanh nghi\u1ec7p c\u00f3 th\u1ec3 b\u1ecb lo\u1ea1i chi ph\u00ed l\u00e3i vay khi quy\u1ebft to\u00e1n thu\u1ebf, d\u1eabn \u0111\u1ebfn t\u0103ng thu nh\u1eadp ch\u1ecbu thu\u1ebf, b\u1ecb truy thu thu\u1ebf TNDN, ph\u1ea1t ch\u1eadm n\u1ed9p, \u1ea5n \u0111\u1ecbnh thu\u1ebf v\u00e0 th\u1eadm ch\u00ed b\u1ecb \u0111\u01b0a v\u00e0o di\u1ec7n thanh tra giao d\u1ecbch li\u00ean k\u1ebft n\u1ebfu r\u1ee7i ro b\u1ecb \u0111\u00e1nh gi\u00e1 cao.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Doanh nghi\u1ec7p n\u00ean ki\u1ec3m so\u00e1t r\u1ee7i ro chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf nh\u01b0 th\u1ebf n\u00e0o?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Gi\u1ea3i ph\u00e1p hi\u1ec7u qu\u1ea3 l\u00e0 ch\u1ee7 \u0111\u1ed9ng d\u1ef1 b\u00e1o EBITDA thu\u1ebf, r\u00e0 so\u00e1t quan h\u1ec7 li\u00ean k\u1ebft, c\u01a1 c\u1ea5u l\u1ea1i ngu\u1ed3n v\u1ed1n v\u00e0 x\u00e2y d\u1ef1ng h\u1ed3 s\u01a1 gi\u1ea3i tr\u00ecnh r\u00f5 r\u00e0ng cho c\u00e1c kho\u1ea3n vay. \u0110\u1ed1i v\u1edbi m\u00f4 h\u00ecnh vay v\u1ed1n ph\u1ee9c t\u1ea1p, doanh nghi\u1ec7p n\u00ean c\u00f3 s\u1ef1 h\u1ed7 tr\u1ee3 t\u1eeb chuy\u00ean gia t\u01b0 v\u1ea5n thu\u1ebf \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o tu\u00e2n th\u1ee7 v\u00e0 t\u1ed1i \u01b0u chi ph\u00ed h\u1ee3p ph\u00e1p.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t    ]\n}\n<\/script>\n\n<p style=\"text-align: right;\"><b><i>Ban bi\u00ean t\u1eadp MAN &#8211; Master Accountant Network<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>V\u1ea5n \u0111\u1ec1 t\u00e1c \u0111\u1ed9ng chi ph\u00ed l\u00e3i vay b\u1ecb kh\u1ed1ng ch\u1ebf \u0111ang tr\u1edf th\u00e0nh m\u1ed1i quan t\u00e2m h\u00e0ng \u0111\u1ea7u c\u1ee7a c\u00e1c doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft. Vi\u1ec7c \u00e1p d\u1ee5ng m\u1ee9c tr\u1ea7n 30% EBITDA kh\u00f4ng ch\u1ec9 nh\u1eb1m ch\u1ed1ng chuy\u1ec3n gi\u00e1 m\u00e0 c\u00f2n th\u00fac \u0111\u1ea9y doanh nghi\u1ec7p x\u00e2y d\u1ef1ng c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh l\u00e0nh m\u1ea1nh. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2746","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\/2746","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=2746"}],"version-history":[{"count":1,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2746\/revisions"}],"predecessor-version":[{"id":2751,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2746\/revisions\/2751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media\/2747"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media?parent=2746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/categories?post=2746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/tags?post=2746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}