{"id":2988,"date":"2026-02-24T02:38:29","date_gmt":"2026-02-24T09:38:29","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=2988"},"modified":"2026-02-24T02:38:29","modified_gmt":"2026-02-24T09:38:29","slug":"lo-trinh-chuyen-tiep-chi-phi-lai-vay","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/","title":{"rendered":"\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\u3002"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u5bf9\u4e8e\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u800c\u8a00\uff0c2026\u5e74\u5229\u606f\u652f\u51fa\u6263\u9664\u8fc7\u6e21\u8def\u7ebf\u56fe\u6b63\u6210\u4e3a\u4f01\u4e1a\u6240\u5f97\u7a0e\u7ba1\u7406\u7684\u7126\u70b9\u3002\u968f\u7740\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u53ca\u5176\u5728\u7b2c20\/2025\/ND-CP\u53f7\u6cd5\u4ee4\u4e2d\u7684\u4fee\u8ba2\u7ee7\u7eed\u6cbf\u7528\uff0c\u5173\u4e8eEBITDA\u7b2c30%\u6761\u9879\u4e0b\u5229\u606f\u652f\u51fa\u4e0a\u9650\u7684\u89c4\u5b9a\uff0c\u4e0d\u4ec5\u662f\u4e00\u4e2a\u6280\u672f\u6027\u7684\u7533\u62a5\u95ee\u9898\uff0c\u66f4\u76f4\u63a5\u5f71\u54cd\u5230\u4f01\u4e1a\u7684\u7a0e\u6536\u62b5\u6263\u6743\u5229\u548c\u73b0\u91d1\u6d41\u3002\u672c\u6587\u5c06\u5168\u9762\u5206\u6790\u4e94\u5e74\u539f\u5219\u3001\u5148\u8fdb\u5148\u51fa\uff08FIFO\uff09\u673a\u5236\u30012026\u5e74\u5e94\u7a0eEBITDA\u7684\u8ba1\u7b97\u65b9\u6cd5\uff0c\u4ee5\u53ca\u9700\u8981\u6ce8\u610f\u7684\u91cd\u8981\u65b0\u8981\u70b9\uff0c\u4ee5\u5e2e\u52a9\u4f01\u4e1a\u6700\u5927\u9650\u5ea6\u5730\u5229\u7528\u7ed3\u8f6c\u989d\u5ea6\uff0c\u540c\u65f6\u6700\u5927\u9650\u5ea6\u5730\u964d\u4f4e\u7a0e\u52a1\u7ed3\u7b97\u548c\u5ba1\u8ba1\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\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Tong_quan_ve_quy_dinh_khong_che_chi_phi_lai_vay\" >\u9650\u5236\u5229\u606f\u652f\u51fa\u7684\u76f8\u5173\u6cd5\u89c4\u6982\u8ff0\u3002<\/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\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Cong_thuc_tinh_EBITDA\" >EBITDA\u8ba1\u7b97\u516c\u5f0f<\/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\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Doi_tuong_chiu_su_dieu_chinh\" >\u53d7\u76f8\u5173\u6cd5\u89c4\u7ea6\u675f<\/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\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Ban_chat_cua_viec_chuyen_tiep_chi_phi_lai_vay\" >\u5229\u606f\u8d39\u7528\u7ed3\u8f6c\u7684\u6027\u8d28<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Diem_moi_dot_pha_tu_Nghi_dinh_202025ND-CP_tac_dong_den_nam_2026\" >\u7b2c 20\/2025\/ND-CP \u53f7\u6cd5\u4ee4\u5bf9 2026 \u5e74\u4ea7\u751f\u4e86\u7a81\u7834\u6027\u7684\u65b0\u5f71\u54cd\u3002<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Noi_long_dinh_nghia_%E2%80%9CBen_lien_ket%E2%80%9D_voi_to_chuc_tin_dung\" >\u653e\u5bbd\u4fe1\u8d37\u673a\u6784\u201c\u5173\u8054\u65b9\u201d\u7684\u5b9a\u4e49\u3002<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Co_che_%E2%80%9Cgiai_phong%E2%80%9D_lai_vay_ton_dong\" >\u201c\u91ca\u653e\u201d\u672a\u507f\u8d37\u6b3e\u5229\u606f\u7684\u673a\u5236<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Chi_tiet_lo_trinh_chuyen_tiep_chi_phi_lai_vay_theo_quy_dinh\" >\u6839\u636e\u76f8\u5173\u89c4\u5b9a\uff0c\u8be6\u7ec6\u8bf4\u660e\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\u3002<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Nguyen_tac_chuyen_tiep_5_nam\" >\u4e94\u5e74\u8fc7\u6e21\u539f\u5219<\/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\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Thu_tu_uu_tien_va_phuong_phap_FIFO\" >\u4f18\u5148\u987a\u5e8f\u548c\u5148\u8fdb\u5148\u51fa\u6cd5<\/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\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Dieu_kien_can_va_du\" >\u5fc5\u8981\u4e14\u5145\u5206\u6761\u4ef6<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Huong_dan_cac_buoc_quyet_toan_thue_va_ket_chuyen_lai_vay_nam_2026\" >\u5173\u4e8e\u5982\u4f55\u7ed3\u7b97\u7a0e\u6b3e\u548c\u7ed3\u8f6c 2026 \u5e74\u5229\u606f\u652f\u51fa\u7684\u6b65\u9aa4\u8bf4\u660e\u3002<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Tuong_tac_giua_chuyen_tiep_lai_vay_va_Chuyen_lo\" >\u5229\u606f\u8f6c\u79fb\u4e0e\u635f\u5931\u8f6c\u79fb\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Tinh_huong_thuc_te_ve_lo_trinh_chuyen_tiep_chi_phi_lai_vay\" >\u5173\u4e8e\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\u7684\u5b9e\u9645\u6848\u4f8b\u3002<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Tinh_huong_1_Doanh_nghiep_tan_dung_da_tang_truong_de_%E2%80%9Cxoa_no%E2%80%9D_lai_vay\" >\u60c5\u51b5 1\uff1a\u4f01\u4e1a\u5229\u7528\u589e\u957f\u52bf\u5934\u201c\u51b2\u9500\u201d\u5229\u606f\u652f\u51fa\u3002<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Tinh_huong_2_Rui_ro_khi_sap_nhap_doanh_nghiep\" >\u60c5\u51b5\u4e8c\uff1a\u4f01\u4e1a\u5e76\u8d2d\u5e26\u6765\u7684\u98ce\u9669<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#Loi_khuyen_quan_tri_rui_ro\" >\u98ce\u9669\u7ba1\u7406\u5efa\u8bae\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#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-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lo-trinh-chuyen-tiep-chi-phi-lai-vay\/#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=\"Tong_quan_ve_quy_dinh_khong_che_chi_phi_lai_vay\"><\/span><b>\u9650\u5236\u5229\u606f\u652f\u51fa\u7684\u76f8\u5173\u6cd5\u89c4\u6982\u8ff0\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_2991\" aria-describedby=\"caption-attachment-2991\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2991\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-khong-che-30-EBITDA-trong-giao-dich-lien-ket.jpg\" alt=\"L\u1ed9 tr\u00ecnh chuy\u1ec3n ti\u1ebfp chi ph\u00ed l\u00e3i vay theo quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf 30% EBITDA trong giao d\u1ecbch li\u00ean k\u1ebft\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-khong-che-30-EBITDA-trong-giao-dich-lien-ket.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-khong-che-30-EBITDA-trong-giao-dich-lien-ket-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-khong-che-30-EBITDA-trong-giao-dich-lien-ket-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-khong-che-30-EBITDA-trong-giao-dich-lien-ket-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-khong-che-30-EBITDA-trong-giao-dich-lien-ket-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2991\" class=\"wp-caption-text\">\u5173\u8054\u65b9\u4ea4\u6613\u4e2d EBITDA 30% \u6cd5\u89c4\u4e0b\u5229\u606f\u652f\u51fa\u6263\u9664\u7684\u8fc7\u6e21\u8def\u7ebf\u56fe\u3002<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u5728\u6df1\u5165\u63a2\u8ba8\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u8fc7\u6e21\u8def\u7ebf\u56fe\u4e4b\u524d\uff0c\u6211\u4eec\u9700\u8981\u4e86\u89e3\u8fd9\u9879\u89c4\u5b9a\u7684\u4f9d\u636e\u3002\u6839\u636e\u56fd\u9645\u4e0a\u5173\u4e8e\u7a0e\u57fa\u4fb5\u8680\u548c\u5229\u6da6\u8f6c\u79fb\uff08BEPS\uff09\u7684\u6700\u4f73\u5b9e\u8df5\uff0c\u8d8a\u5357\u5728\u8ba1\u7b97\u4f01\u4e1a\u6240\u5f97\u7a0e\u65f6\u5bf9\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u8bbe\u5b9a\u4e86\u4e0a\u9650\u3002.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_EBITDA\"><\/span><b>EBITDA\u8ba1\u7b97\u516c\u5f0f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EBITDA \u4e0d\u4ec5\u4ec5\u662f\u8d22\u52a1\u62a5\u544a\u4e0a\u7684\u4e00\u4e2a\u6570\u5b57\uff0c\u800c\u662f\u7ecf\u8fc7\u7a0e\u52a1\u8c03\u6574\u540e\u7684 EBITDA\u3002\u5177\u4f53\u516c\u5f0f\u5982\u4e0b\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;\">EBITDA = \u8425\u4e1a\u51c0\u5229\u6da6 + \u5229\u606f\u652f\u51fa + \u6298\u65e7\u652f\u51fa\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u7b14\u8bb0\uff1a<\/b><span style=\"font-weight: 400;\"> \u6b64\u5904\u7684\u5229\u606f\u652f\u51fa\u662f\u6307\u8be5\u671f\u95f4\u53d1\u751f\u7684\u603b\u5229\u606f\u652f\u51fa\uff0c\u4e0d\u5305\u62ec\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\uff08\u8fd9\u4e00\u70b9\u9700\u8981\u7279\u522b\u6ce8\u610f\uff0c\u624d\u80fd\u51c6\u786e\u786e\u5b9a 30% \u95e8\u69db\uff09\u3002.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Doi_tuong_chiu_su_dieu_chinh\"><\/span><b>\u53d7\u76f8\u5173\u6cd5\u89c4\u7ea6\u675f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u672c\u89c4\u5b9a\u9002\u7528\u4e8e\u5b58\u5728\u5173\u8054\u65b9\u5173\u7cfb\u548c\u5173\u8054\u65b9\u4ea4\u6613\u7684\u7eb3\u7a0e\u4eba\u3002\u5982\u679c\u4f01\u4e1a\u5c5e\u4e8e\u6b64\u7c7b\u60c5\u51b5\uff0c\u5219\u5176\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u603b\u989d\u4e0d\u5f97\u8d85\u8fc7\u8be5\u671f\u95f4\u7684\u7ecf\u8425\u51c0\u5229\u6da6\u603b\u989d\u52a0\u4e0a\u5229\u606f\u652f\u51fa\u548c\u6298\u65e7\u8d39\u7528\u3002.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ban_chat_cua_viec_chuyen_tiep_chi_phi_lai_vay\"><\/span><b>\u5229\u606f\u8d39\u7528\u7ed3\u8f6c\u7684\u6027\u8d28<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u8bb8\u591a\u4f01\u4e1a\u62c5\u5fc3\u8d85\u8fc7301(t)\u6761\u6b3e301(t)\u9879\u4e0b\u9650\u989d\u7684\u5229\u606f\u652f\u51fa\u4f1a\u201c\u635f\u5931\u201d\u3002\u4f46\u5b9e\u9645\u4e0a\uff0c\u6cd5\u5f8b\u5141\u8bb8\u7075\u6d3b\u7ed3\u8f6c\u5229\u606f\u652f\u51fa\u3002\u5982\u679c\u4f01\u4e1a\u5f53\u5e74\u7684EBITDA\u8db3\u591f\u9ad8\uff0c\u8d85\u51fa\u90e8\u5206\u5c06\u88ab\u89c6\u4e3a\u6f5c\u5728\u7684\u201c\u7a0e\u52a1\u8d44\u4ea7\u201d\uff0c\u53ef\u4ee5\u4fdd\u7559\u5e76\u7ed3\u8f6c\u81f3\u540e\u7eed\u5e74\u5ea6\u3002.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Diem_moi_dot_pha_tu_Nghi_dinh_202025ND-CP_tac_dong_den_nam_2026\"><\/span><b>\u7b2c 20\/2025\/ND-CP \u53f7\u6cd5\u4ee4\u5bf9 2026 \u5e74\u4ea7\u751f\u4e86\u7a81\u7834\u6027\u7684\u65b0\u5f71\u54cd\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">2026\u5e74\u6807\u5fd7\u7740\u5173\u8054\u65b9\u4ea4\u6613\u7a0e\u7ba1\u7406\u65b0\u89c4\u5b9a\u7684\u7a33\u5b9a\u5b9e\u65bd\u3002\u5176\u4e2d\u4e24\u9879\u91cd\u5927\u53d8\u5316\u5c06\u76f4\u63a5\u5f71\u54cd\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\uff1a<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Noi_long_dinh_nghia_%E2%80%9CBen_lien_ket%E2%80%9D_voi_to_chuc_tin_dung\"><\/span><b>\u653e\u5bbd\u4fe1\u8d37\u673a\u6784\u201c\u5173\u8054\u65b9\u201d\u7684\u5b9a\u4e49\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u6b64\u524d\uff0c\u8bb8\u591a\u4ec5\u4ece\u94f6\u884c\u501f\u6b3e\u7684\u4f01\u4e1a\uff08\u6743\u76ca\u8d85\u8fc725%\uff0c\u603b\u8d1f\u503a\u8d85\u8fc750%\uff09\u88ab\u8ba4\u5b9a\u4e3a\u5b58\u5728\u5173\u8054\u5173\u7cfb\u3002\u81ea2025\u5e74\u81f32026\u5e74\uff0c\u65b0\u89c4\u5c06\u72ec\u7acb\u94f6\u884c\u4ece\u5173\u8054\u65b9\u540d\u5355\u4e2d\u6392\u9664\uff0c\u9664\u975e\u5b83\u4eec\u5e72\u9884\u4f01\u4e1a\u7684\u7ba1\u7406\u548c\u8fd0\u8425\u3002\u6b64\u4e3e\u5c06\u5e2e\u52a9\u6570\u5343\u5bb6\u4f01\u4e1a\u6446\u813130%\u7684\u63a7\u5236\u5faa\u73af\uff0c\u5e76\u5f7b\u5e95\u6539\u53d8\u4e86\u672a\u7ed3\u8f6c\u5229\u606f\u4f59\u989d\u7684\u8ba1\u7b97\u65b9\u5f0f\u3002.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Co_che_%E2%80%9Cgiai_phong%E2%80%9D_lai_vay_ton_dong\"><\/span><b>\u201c\u91ca\u653e\u201d\u672a\u507f\u8d37\u6b3e\u5229\u606f\u7684\u673a\u5236<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5bf9\u4e8e2020\u5e74\u81f32024\u5e74\u671f\u95f4\u4ecd\u6709\u672a\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u4f01\u4e1a\u800c\u8a00\uff0c2026\u5e74\u662f\u5b9e\u65bd\u5229\u606f\u652f\u51fa\u62b5\u6263\u8fc7\u6e21\u65b9\u6848\u7684\u9ec4\u91d1\u65f6\u671f\u3002\u65b0\u89c4\u5141\u8bb8\u5728\u4f01\u4e1a\u6240\u5f97\u7a0e\u7533\u62a5\u8868\u4e2d\u4ee5\u66f4\u900f\u660e\u7684\u65b9\u5f0f\u4f18\u5148\u5904\u7406\u8fd9\u4e9b\u672a\u62b5\u6263\u6b3e\u9879\u3002.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chi_tiet_lo_trinh_chuyen_tiep_chi_phi_lai_vay_theo_quy_dinh\"><\/span><b>\u6839\u636e\u76f8\u5173\u89c4\u5b9a\uff0c\u8be6\u7ec6\u8bf4\u660e\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_2990\" aria-describedby=\"caption-attachment-2990\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2990\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Chi-tiet-lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh.jpg\" alt=\"Chi ti\u1ebft l\u1ed9 tr\u00ecnh chuy\u1ec3n ti\u1ebfp chi ph\u00ed l\u00e3i vay theo quy \u0111\u1ecbnh\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Chi-tiet-lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Chi-tiet-lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Chi-tiet-lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Chi-tiet-lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/02\/Chi-tiet-lo-trinh-chuyen-tiep-chi-phi-lai-vay-theo-quy-dinh-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2990\" class=\"wp-caption-text\">\u6839\u636e\u76f8\u5173\u89c4\u5b9a\uff0c\u8be6\u7ec6\u8bf4\u660e\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\u3002<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u4e3a\u4e86\u6b63\u786e\u5b9e\u65bd\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\uff0c\u4f01\u4e1a\u9700\u8981\u4e25\u683c\u9075\u5b88\u4e24\u6761\u9ec4\u91d1\u6cd5\u5219\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u671f\u95f4<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8c03\u4ee4\u3002.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Nguyen_tac_chuyen_tiep_5_nam\"><\/span><b>\u4e94\u5e74\u8fc7\u6e21\u539f\u5219<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u4e0d\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\uff08\u8d85\u8fc7 30% EBITDA \u7684\u90e8\u5206\uff09\u5728\u786e\u5b9a\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u603b\u989d\u65f6\uff0c\u5c06\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u7eb3\u7a0e\u671f\u3002\u8fde\u7eed\u7ed3\u8f6c\u671f\u9650\u4e0d\u5f97\u8d85\u8fc7\u81ea\u4e0d\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u53d1\u751f\u5e74\u5ea6\u8d77\u7684 5 \u5e74\u3002.<\/span><\/p>\n<p><b>\u4f8b\u5982\uff1a<\/b><span style=\"font-weight: 400;\"> 2021\u5e74\u4e0d\u4e88\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\uff0c\u5176\u7ed3\u8f6c\u671f\u9650\u81f32026\u7eb3\u7a0e\u5e74\u5ea6\u30022026\u5e74\u4e4b\u540e\uff0c\u5982\u679c\u672a\u80fd\u5168\u90e8\u7ed3\u8f6c\uff0c\u5269\u4f59\u90e8\u5206\u5c06\u6c38\u4e45\u4e0d\u4e88\u6263\u9664\u3002.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thu_tu_uu_tien_va_phuong_phap_FIFO\"><\/span><b>\u4f18\u5148\u987a\u5e8f\u548c\u5148\u8fdb\u5148\u51fa\u6cd5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5728\u5229\u606f\u652f\u51fa\u6263\u9664\u7684\u8fc7\u6e21\u671f\u5185\uff0c\u4f01\u4e1a\u5fc5\u987b\u9075\u5faa\u201c\u5148\u8fdb\u5148\u51fa\u201d\u539f\u5219\u3002\u8ba1\u7b972026\u5e74\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u65f6\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8ba1\u7b97 2026 \u5e74\u5b9e\u9645\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u68c0\u67e5\u56de\u65cb\u4f59\u5730\uff082026 \u5e74 30% EBITDA \u51cf\u53bb 2026 \u5e74\u5b9e\u9645\u5229\u606f\u652f\u51fa\uff09\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5982\u679c\u8fd8\u6709\u56de\u65cb\u4f59\u5730\uff0c\u53ef\u4ee5\u7ed3\u8f6c\u6700\u65e9\u5e74\u4efd\uff08\u4f8b\u5982 2021 \u5e74\uff09\u7684\u5229\u606f\u652f\u4ed8\uff0c\u7136\u540e\u518d\u7ed3\u8f6c\u8f83\u8fd1\u5e74\u4efd\u7684\u5229\u606f\u652f\u4ed8\u3002.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Dieu_kien_can_va_du\"><\/span><b>\u5fc5\u8981\u4e14\u5145\u5206\u6761\u4ef6<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u4e3a\u4f7f\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8ba1\u5212\u83b7\u5f97\u7a0e\u52a1\u673a\u5173\u7684\u6279\u51c6\uff0c\u4f01\u4e1a\u5fc5\u987b\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6309\u7167\u300a\u5173\u8054\u65b9\u4ea4\u6613\u6cd5\u4ee4\u300b\u9644\u4ef6\u4e00\u7684\u89c4\u5b9a\uff0c\u7533\u62a5\u6240\u6709\u4fe1\u606f\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EBITDA \u6570\u636e\u5fc5\u987b\u57fa\u4e8e\u7ecf\u5ba1\u8ba1\u7684\u8d22\u52a1\u62a5\u8868\uff08\u5bf9\u4e8e\u9700\u8981\u7ecf\u5ba1\u8ba1\u62a5\u8868\u7684\u5b9e\u4f53\uff09\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u786e\u4fdd\u8d37\u6b3e\u5408\u7406\u6709\u6548\uff08\u7528\u4e8e\u4f01\u4e1a\u751f\u4ea7\u76ee\u7684\uff0c\u4e14\u6ce8\u518c\u8d44\u672c\u5df2\u5168\u989d\u6295\u5165\uff09\u3002.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Huong_dan_cac_buoc_quyet_toan_thue_va_ket_chuyen_lai_vay_nam_2026\"><\/span><b>\u5173\u4e8e\u5982\u4f55\u7ed3\u7b97\u7a0e\u6b3e\u548c\u7ed3\u8f6c 2026 \u5e74\u5229\u606f\u652f\u51fa\u7684\u6b65\u9aa4\u8bf4\u660e\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u4ee5\u4e0b\u662f\u5b89\u5168\u5b9e\u65bd\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u7684\u56db\u6b65\u6807\u51c6\u5316\u6d41\u7a0b\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 1 \u2013 \u5ba1\u67e5\u5173\u8054\u65b9\u5173\u7cfb\u548c\u5173\u8054\u65b9\u4ea4\u6613\uff1a\u4f01\u4e1a\u9700\u8981\u6839\u636e 2026 \u5e74\u7684\u65b0\u6807\u51c6\u91cd\u65b0\u5b9a\u4e49\u5176\u5173\u8054\u65b9\u540d\u5355\u3002\u5982\u679c\u5728\u4e00\u5e74\u5185\u6ca1\u6709\u53d1\u751f\u5173\u8054\u65b9\u4ea4\u6613\uff08\u5373\u4f7f\u5b58\u5728\u5173\u8054\u65b9\u5173\u7cfb\uff09\uff0c\u5219\u4f01\u4e1a\u53ef\u80fd\u4e0d\u53d7 30% \u5229\u606f\u652f\u51fa\u9650\u5236\u7684\u7ea6\u675f\uff0c\u4ece\u800c\u6709\u673a\u4f1a\u5c06\u4e0a\u4e00\u5e74\u672a\u7ed3\u5229\u606f\u652f\u51fa\u7684\u6700\u5927\u91d1\u989d\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u5e74\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 2 \u2013 \u8ba1\u7b97 EBITDA \u548c\u9650\u989d\uff1a\u8981\u786e\u5b9a\u5e94\u7a0e EBITDA\uff0c\u6700\u9ad8\u9650\u989d\u7531\u516c\u5f0f EBITDA x 30% \u8ba1\u7b97\u5f97\u51fa\u3002\u5982\u679c EBITDA \u4e3a\u8d1f\u6570\uff0c\u5219\u6b64\u9650\u989d\u7b49\u4e8e 0\uff0c\u8fd9\u610f\u5473\u7740\u5f53\u5e74\u53d1\u751f\u7684\u6240\u6709\u5229\u606f\u652f\u51fa\u5fc5\u987b\u7ed3\u8f6c\u81f3\u4ee5\u540e\u5e74\u5ea6\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 3 \u2013 \u6838\u5bf9\u5386\u5e74\u7d2f\u8ba1\u5229\u606f\u4f59\u989d\uff1a\u9700\u8981\u521b\u5efa\u4e00\u4e2a\u8be6\u7ec6\u8868\u683c\uff0c\u8ddf\u8e2a 2021 \u5e74\u30012022 \u5e74\u30012023 \u5e74\u30012024 \u5e74\u548c 2025 \u5e74\u7684\u4e0d\u5141\u8bb8\u8ba1\u63d0\u7684\u5229\u606f\u91d1\u989d\u3002\u8fd9\u5305\u62ec\u4ee5\u524d\u671f\u95f4\u7ed3\u8f6c\u7684\u91d1\u989d\u4ee5\u53ca\u53ef\u4ee5\u7ed3\u8f6c\u81f3 2026 \u5e74\u7684\u5269\u4f59\u91d1\u989d\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7b2c\u56db\u6b65\u2014\u2014\u5728HTKK\u4e0a\u63d0\u4ea4\u7533\u62a5\uff1a\u57282026\u5e74\u5ea6\u4f01\u4e1a\u6240\u5f97\u7a0e\u7533\u62a5\u8868\u7684\u5173\u8054\u65b9\u4ea4\u6613\u9644\u5f55\u4e2d\uff0c\u51c6\u786e\u586b\u5199\u201c\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u671f\u7684\u5229\u606f\u8d39\u7528\u201d\u548c\u201c\u4e0a\u671f\u7ed3\u8f6c\u81f3\u672c\u671f\u7684\u5229\u606f\u8d39\u7528\u201d\u7684\u91d1\u989d\u3002\u8fd9\u4e9b\u9879\u76ee\u7684\u9519\u8bef\u53ef\u80fd\u4f1a\u5f71\u54cd\u5229\u606f\u8d39\u7528\u7684\u7ed3\u8f6c\uff0c\u5e76\u5728\u7a0e\u52a1\u5ba1\u8ba1\u4e2d\u9020\u6210\u56f0\u96be\u3002.<\/span><\/li>\n<\/ul>\n<blockquote><p><strong>\u53c2\u89c1\uff1a<\/strong> <a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ke-khai-giao-dich-lien-ket-tren-htkk\/\">HTKK\u5173\u8054\u4ea4\u6613\u7533\u62a5<\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Tuong_tac_giua_chuyen_tiep_lai_vay_va_Chuyen_lo\"><\/span><b>\u5229\u606f\u8f6c\u79fb\u4e0e\u635f\u5931\u8f6c\u79fb\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u5728\u5b9e\u8df5\u4e2d\uff0c\u8bb8\u591a\u4f01\u4e1a\u5e38\u5e38\u5c06\u4e8f\u635f\u7ed3\u8f6c\u4e0e\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u6df7\u6dc6\uff0c\u56e0\u4e3a\u4e24\u8005\u90fd\u5177\u6709\u4e94\u5e74\u671f\u9650\u3002\u7136\u800c\uff0c\u8fd9\u4e24\u79cd\u673a\u5236\u5728\u6cd5\u5f8b\u6027\u8d28\u3001\u9002\u7528\u65f6\u95f4\u548c\u5bf9\u5e94\u7a0e\u6536\u5165\u7684\u5f71\u54cd\u65b9\u9762\u622a\u7136\u4e0d\u540c\u3002\u4e0b\u8868\u5c06\u6709\u52a9\u4e8e\u9610\u660e\u5176\u6838\u5fc3\u533a\u522b\uff0c\u4ee5\u4fbf\u4f01\u4e1a\u80fd\u591f\u5236\u5b9a\u51c6\u786e\u7684\u7a0e\u52a1\u4f18\u5316\u7b56\u7565\u3002.<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>\u6728\u677f\uff1a<\/b><span style=\"font-weight: 400;\"> \u4f01\u4e1a\u6240\u5f97\u7a0e\u7ed3\u7b97\u4e2d\u4e8f\u635f\u7ed3\u8f6c\u4e0e\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u7684\u6bd4\u8f83\u3002.<\/span><\/caption>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>\u7279\u5f81<\/b><\/td>\n<td style=\"text-align: center;\"><b>\u8f6c\u79fb\u635f\u5931<\/b><\/td>\n<td style=\"text-align: center;\"><b>\u5229\u7387\u8fdc\u671f<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u81ea\u7136<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u7a0e\u540e\u51c0\u4e8f\u635f<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u5229\u606f\u652f\u51fa\u8d85\u8fc7 30% EBITDA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u671f\u95f4\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u8fde\u7eed5\u5e74<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u8fde\u7eed5\u5e74<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u7533\u8bf7\u987a\u5e8f<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u8fd9\u901a\u5e38\u662f\u5728\u786e\u5b9a\u5e94\u7a0e\u6536\u5165\u4e4b\u540e\u8fdb\u884c\u7684\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u8fd9\u662f\u5728\u786e\u5b9a\u53ef\u6263\u9664\u8d39\u7528\u65f6\u9700\u8981\u505a\u7684\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u7b14\u8bb0\uff1a<\/b><span style=\"font-weight: 400;\"> \u4f01\u4e1a\u5e94\u4f18\u5148\u8ba1\u7b97\u5229\u606f\u652f\u51fa\u6263\u9664\u7684\u8fc7\u6e21\u671f\u3002\u7531\u4e8e\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u4f1a\u964d\u4f4e\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\uff0c\u8fd9\u53ef\u80fd\u4f1a\u4ea7\u751f\u65b0\u7684\u7a0e\u52a1\u4e8f\u635f\u6216\u51cf\u5c11\u7ed3\u8f6c\u81f3\u4ee5\u540e\u5e74\u5ea6\u7684\u5229\u606f\u91d1\u989d\u3002\u5bf9\u4e8e\u5373\u5c06\u5230\u671f\u7684\u4e94\u5e74\u671f\u5229\u606f\u652f\u51fa\uff0c\u5e94\u683c\u5916\u8c28\u614e\uff0c\u5e76\u4f18\u5148\u8003\u8651\u5c06\u5176\u7ed3\u8f6c\u81f3\u4ee5\u540e\u5e74\u5ea6\u3002.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tinh_huong_thuc_te_ve_lo_trinh_chuyen_tiep_chi_phi_lai_vay\"><\/span><b>\u5173\u4e8e\u5229\u606f\u652f\u51fa\u8fc7\u6e21\u8def\u7ebf\u56fe\u7684\u5b9e\u9645\u6848\u4f8b\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u4ee5\u4e0b\u573a\u666f\u8bf4\u660e\u4e86\u5728\u4e0d\u540c\u7684\u5546\u4e1a\u73af\u5883\u4e2d\uff0c\u4ece\u5371\u673a\u540e\u7684\u590d\u82cf\u9636\u6bb5\u5230\u5927\u89c4\u6a21\u91cd\u7ec4\u8fd0\u8425\uff0c\u5982\u4f55\u4f18\u5316\u5229\u606f\u652f\u51fa\u7684\u8fc7\u6e21\u8def\u5f84\u3002.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tinh_huong_1_Doanh_nghiep_tan_dung_da_tang_truong_de_%E2%80%9Cxoa_no%E2%80%9D_lai_vay\"><\/span><b>\u60c5\u51b5 1\uff1a\u4f01\u4e1a\u5229\u7528\u589e\u957f\u52bf\u5934\u201c\u51b2\u9500\u201d\u5229\u606f\u652f\u51fa\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">X\u516c\u53f82021\u5e74\u672a\u786e\u8ba4\u7684\u5229\u606f\u652f\u51fa\u4e3a100\u4ebf\u8d8a\u5357\u76fe\u30022022\u5e74\u81f32025\u5e74\u671f\u95f4\uff0c\u53d7\u75ab\u60c5\u5f71\u54cd\uff0c\u8be5\u516c\u53f8EBITDA\u8f83\u4f4e\uff0c\u56e0\u6b64\u672a\u7ed3\u8f6c\u4efb\u4f55\u5229\u606f\u652f\u51fa\u30022026\u5e74\uff0c\u8be5\u516c\u53f8\u83b7\u5f97\u4e00\u4efd\u9884\u8ba1EBITDA\u4e3a1000\u4ebf\u8d8a\u5357\u76fe\u7684\u5927\u989d\u5408\u540c\uff0c\u5bfc\u81f42026\u5e74\u5229\u606f\u652f\u51fa\u4e3a150\u4ebf\u8d8a\u5357\u76fe\u3002.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">30% EBITDA \u95e8\u69db\u4e3a 300 \u4ebf\u8d8a\u5357\u76fe\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7ed3\u8f6c\u989d\u5ea6 = 300\u4ebf - 150\u4ebf\uff08\u989d\u5916\uff09= 150\u4ebf\u8d8a\u5357\u76fe\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7ed3\u679c\uff1a\u516c\u53f8\u5f97\u4ee5\u5c062021\u5e74\u5e94\u8ba1\u7684100\u4ebf\u8d8a\u5357\u76fe\u5229\u606f\u652f\u51fa\u5168\u90e8\u7ed3\u8f6c\u81f32026\u5e74\u3002\u8fd9\u662f2021\u5e74\u503a\u52a1\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u8fc7\u6e21\u671f\u7684\u6700\u540e\u4e00\u5e74\u3002\u82e5\u975e\u6b64\u6b21EBITDA\u5927\u5e45\u589e\u957f\uff0c\u8fd9100\u4ebf\u8d8a\u5357\u76fe\u5229\u606f\u652f\u51fa\u5c06\u65e0\u6cd5\u7ed3\u8f6c\u3002.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Tinh_huong_2_Rui_ro_khi_sap_nhap_doanh_nghiep\"><\/span><b>\u60c5\u51b5\u4e8c\uff1a\u4f01\u4e1a\u5e76\u8d2d\u5e26\u6765\u7684\u98ce\u9669<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A\u516c\u53f8\u5c06\u4e8e2026\u5e74\u4e0eB\u516c\u53f8\u5408\u5e76\u3002A\u516c\u53f8\u76ee\u524d\u670950\u4ebf\u8d8a\u5357\u76fe\u7684\u672a\u7ed3\u5229\u606f\u652f\u51fa\u3002\u6839\u636e\u76f8\u5173\u89c4\u5b9a\uff0c\u5229\u606f\u652f\u51fa\u7684\u7ed3\u8f6c\u6743\u901a\u5e38\u7531\u6536\u8d2d\u516c\u53f8\u7ee7\u627f\uff1b\u4f46\u662f\uff0c\u9700\u8981\u63d0\u4f9b\u5408\u5e76\u524d\u671f\u95f4\u7684\u5355\u72ec\u7a0e\u52a1\u7ed3\u7b97\u6587\u4ef6\uff0c\u624d\u80fd\u5408\u6cd5\u5730\u786e\u5b9a\u8be5\u4f59\u989d\u3002.<\/span><\/p>\n<blockquote><p><strong>\u53c2\u89c1\uff1a<\/strong> <a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/dich-vu-chuyen-gia\/\">\u8f6c\u8ba9\u5b9a\u4ef7\u670d\u52a1\u00a0<\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Loi_khuyen_quan_tri_rui_ro\"><\/span><b>\u98ce\u9669\u7ba1\u7406\u5efa\u8bae\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u4e3a\u4fdd\u62a4\u5229\u606f\u652f\u51fa\u6263\u9664\u989d\u5728\u7a0e\u52a1\u5ba1\u8ba1\u548c\u68c0\u67e5\u524d\u7684\u7ed3\u8f6c\uff0c\u4f01\u4e1a\u5e94\u6ce8\u610f\u4ee5\u4e0b\u4e8b\u9879\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u907f\u514d\u201c\u8d44\u672c\u4e0d\u8db3\u201d\u73b0\u8c61\uff1a\u867d\u7136\u8d8a\u5357\u8fd8\u6ca1\u6709\u6b63\u5f0f\u7684\u8d44\u672c\u4e0d\u8db3\u6cd5\uff0c\u4f46\u8fc7\u9ad8\u7684\u8d1f\u503a\u6743\u76ca\u6bd4\u7387\u4f1a\u5f15\u8d77\u7a0e\u52a1\u673a\u5173\u5bf9\u8d37\u6b3e\u201c\u5546\u4e1a\u6027\u201d\u7684\u5173\u6ce8\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u907f\u514d\u201c\u8d44\u672c\u4e0d\u8db3\u201d\u73b0\u8c61\uff1a\u867d\u7136\u8d8a\u5357\u8fd8\u6ca1\u6709\u6b63\u5f0f\u7684\u8d44\u672c\u4e0d\u8db3\u6cd5\uff0c\u4f46\u8fc7\u9ad8\u7684\u8d1f\u503a\u6743\u76ca\u6bd4\u7387\u4f1a\u5f15\u8d77\u7a0e\u52a1\u673a\u5173\u5bf9\u8d37\u6b3e\u201c\u5546\u4e1a\u6027\u201d\u7684\u5173\u6ce8\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u672c\u5730\u6587\u4ef6\uff1a\u5fc5\u987b\u89e3\u91ca\u501f\u6b3e\u76ee\u7684\u4ee5\u53ca\u4ece\u5173\u8054\u65b9\u501f\u6b3e\u800c\u4e0d\u662f\u4ece\u5916\u90e8\u6765\u6e90\u501f\u6b3e\u7684\u7ecf\u6d4e\u53ef\u884c\u6027\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6587\u4ef6\u4fdd\u5b58\uff1a\u4fdd\u7559\u8fc7\u53bb\u4e94\u5e74\u7684\u6240\u6709\u7eb3\u7a0e\u7533\u62a5\u8868\u53ca\u76f8\u5173\u65b9\u9644\u4ef6\u3002\u8fd9\u662f\u8bc1\u660e\u5229\u606f\u8d39\u7528\u7ed3\u8f6c\u660e\u7ec6\u8868\u4e2d\u4f59\u989d\u7684\u552f\u4e00\u8bc1\u636e\u3002.<\/span><\/li>\n<\/ul>\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;\">\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u8ba1\u5212\u5e76\u975e\u4ec5\u4ec5\u662f\u5173\u8054\u65b9\u4ea4\u6613\u9644\u5f55\u4e2d\u7684\u4e00\u4e2a\u6280\u672f\u6307\u6807\uff0c\u800c\u662f\u76f4\u63a5\u5f71\u54cd\u516c\u53f8\u672a\u6765\u4e94\u5e74\u7eb3\u7a0e\u4e49\u52a1\u548c\u73b0\u91d1\u6d41\u7684\u5173\u952e\u56e0\u7d20\u3002\u6b63\u786e\u7406\u89e3301(t)\u6761\u6b3e\u4e0b\u7684\u201c3T EBITDA\u201d\u539f\u5219\uff0c\u51c6\u786e\u8fd0\u7528\u5148\u8fdb\u5148\u51fa\u6cd5\uff08FIFO\uff09\uff0c\u5e76\u5bc6\u5207\u5173\u6ce8\u7ed3\u8f6c\u622a\u6b62\u65e5\u671f\uff0c\u5c06\u6709\u52a9\u4e8e\u4f01\u4e1a\u907f\u514d\u4e27\u5931\u6cd5\u5b9a\u62b5\u6263\u6743\uff0c\u5c24\u5176\u662f\u57282026\u5e74\u5230\u671f\u7684\u5229\u606f\u652f\u51fa\u65b9\u9762\u3002.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u9274\u4e8e\u5173\u8054\u65b9\u4ea4\u6613\u7a0e\u52a1\u5ba1\u8ba1\u65e5\u76ca\u589e\u591a\uff0c\u4e3b\u52a8\u53ca\u65e9\u5ba1\u67e5\u59cb\u7ec8\u6bd4\u5728\u7a0e\u52a1\u7ed3\u7b97\u65f6\u88ab\u52a8\u5e94\u5bf9\u66f4\u4e3a\u5b89\u5168\u6709\u6548\u3002\u5982\u679c\u60a8\u7684\u4f01\u4e1a\u5b58\u5728\u672a\u7ed3\u5229\u606f\u652f\u51fa\u4f59\u989d\u6216\u4e0d\u786e\u5b9a\u5982\u4f55\u8ba1\u7b97\u5e94\u7a0e EBITDA\uff0c\u90a3\u4e48\u73b0\u5728\u6b63\u662f\u7a0e\u52a1\u7ed3\u7b97\u524d\u8fdb\u884c\u5168\u9762\u5ba1\u8ba1\u7684\u6700\u4f73\u65f6\u673a\uff0c\u4ee5\u786e\u4fdd\u7a0e\u52a1\u5408\u89c4\u5e76\u6700\u5927\u9650\u5ea6\u964d\u4f4e\u672a\u6765\u98ce\u9669\u3002.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u7acb\u5373\u8054\u7cfb MAN \u2013 Master Accountant Network\uff0c\u83b7\u53d6\u8be6\u7ec6\u5efa\u8bae\u548c\u652f\u6301\uff01<\/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>","protected":false},"excerpt":{"rendered":"<p>L\u1ed9 tr\u00ecnh chuy\u1ec3n ti\u1ebfp chi ph\u00ed l\u00e3i vay n\u0103m 2026 \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m trong qu\u1ea3n tr\u1ecb thu\u1ebf TNDN c\u1ee7a c\u00e1c doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft. V\u1edbi s\u1ef1 ti\u1ebfp n\u1ed1i khung ph\u00e1p l\u00fd t\u1eeb Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP v\u00e0 s\u1eeda \u0111\u1ed5i, b\u1ed5 sung t\u1ea1i Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP, quy \u0111\u1ecbnh tr\u1ea7n l\u00e3i vay 30% [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2988","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\/2988","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=2988"}],"version-history":[{"count":1,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2988\/revisions"}],"predecessor-version":[{"id":2992,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2988\/revisions\/2992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media\/2989"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media?parent=2988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/categories?post=2988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/tags?post=2988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}