{"id":3858,"date":"2026-09-17T14:25:24","date_gmt":"2026-09-17T07:25:24","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=3858"},"modified":"2026-09-17T14:26:56","modified_gmt":"2026-09-17T07:26:56","slug":"chi-phi-lai-vay-vuot-30-ebitda","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/","title":{"rendered":"\u6839\u636e\u7b2c255\/2026\u53f7\u6cd5\u4ee4\uff0c\u5982\u4f55\u5904\u7406\u8d85\u8fc730% EBITDA\u7684\u8d37\u6b3e\u5229\u606f\u652f\u51fa"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-giao-dich-lien-ket\/\">\u5229\u606f\u8d39\u7528<\/a><\/span><\/strong> \u8d85\u8fc730%\u7684EBITDA\u4ecd\u7136\u662f\u8ba9\u8bb8\u591a\u8d22\u52a1\u603b\u76d1\u548cCFO\u6700\u611f\u68d8\u624b\u7684\u95ee\u9898\uff0c\u5f53 <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-255-2026-ND-CP-quan-ly-thue-giao-dich-lien-ket-cua-doanh-nghiep-co-quan-he-lien-ket-713416.aspx\" rel=\"nofollow noopener\" target=\"_blank\">\u7b2c255\/2026\/ND-CP\u53f7\u6cd5\u4ee4<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u81ea2026\u5e747\u67081\u65e5\u8d77\u6b63\u5f0f\u53d6\u4ee3\u7b2c132\/2020\/N\u0110-CP\u53f7\u4ee4\u548c\u7b2c20\/2025\/N\u0110-CP\u53f7\u4ee4\uff0c\u5e76\u81ea2026\u5e74\u5ea6\u4f01\u4e1a\u6240\u5f97\u7a0e\u8ba1\u7a0e\u671f\u8d77\u7acb\u5373\u751f\u6548\u3002 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ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Vi_du_minh_hoa_tinh_chi_phi_lai_vay_vuot_30_EBITDA\" >\u5173\u4e8e\u8ba1\u7b97\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u793a\u4f8b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Truong_hop_EBITDA_am_hoac_bang_khong\" >EBITDA\u4e3a\u8d1f\u503c\u6216\u4e3a\u96f6\u7684\u60c5\u51b5<\/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\/chi-phi-lai-vay-vuot-30-ebitda\/#Diem_moi_cua_Nghi_dinh_2552026ND-CP_tac_dong_den_chi_phi_lai_vay_vuot_30_EBITDA\" >\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7684\u65b0\u89c4\u5b9a\u5bf9\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u4ea7\u751f\u7684\u5f71\u54cd<\/a><ul class='ez-toc-list-level-3' 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ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Rui_ro_va_hau_qua_khi_khong_xu_ly_dung_phan_vuot_nguong_30_EBITDA\" >\u672a\u6b63\u786e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u90e8\u5206\u6240\u5e26\u6765\u7684\u98ce\u9669\u53ca\u540e\u679c<\/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\/chi-phi-lai-vay-vuot-30-ebitda\/#Ho_so_chung_minh_va_ke_khai_chi_phi_lai_vay_vuot_30_EBITDA\" >\u8bc1\u660e\u6587\u4ef6\u53ca\u7533\u62a5\u6750\u6599\uff1a\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u90e8\u5206<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Giai_phap_dai_han_giam_ap_luc_phan_chi_phi_lai_vay_vuot_nguong\" 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href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Vay_ngan_hang_thuong_mai_co_lam_phat_sinh_chi_phi_lai_vay_vuot_30_EBITDA_khong\" >\u4ece\u5546\u4e1a\u94f6\u884c\u501f\u6b3e\u662f\u5426\u4f1a\u5bfc\u81f4\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Nghi_dinh_2552026ND-CP_ap_dung_tu_ky_tinh_thue_nao\" >\u7b2c 255\/2026\/ND-CP \u53f7\u6cd5\u4ee4\u9002\u7528\u4e8e\u54ea\u4e2a\u7eb3\u7a0e\u671f\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Doanh_nghiep_dang_chuyen_tiep_chi_phi_lai_vay_theo_Nghi_dinh_202025ND-CP_co_bi_gian_doan_khi_Nghi_dinh_255_co_hieu_luc_khong\" >\u4f01\u4e1a\u76ee\u524d\u6b63\u5728\u6839\u636e\u7b2c20\/2025\/N\u0110-CP\u53f7\u6cd5\u4ee4\u8f6c\u5ac1\u8d37\u6b3e\u5229\u606f\u8d39\u7528\uff0c\u5f53\u7b2c255\u53f7\u6cd5\u4ee4\u751f\u6548\u65f6\uff0c\u8fd9\u4e00\u505a\u6cd5\u662f\u5426\u4f1a\u4e2d\u65ad\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#Lai_chenh_lech_ty_gia_co_duoc_tru_khi_tinh_chi_phi_lai_vay_thuan_khong\" >\u8ba1\u7b97\u51c0\u5229\u606f\u652f\u51fa\u65f6\uff0c\u6c47\u7387\u6536\u76ca\u53ef\u4ee5\u6263\u9664\u5417\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-vuot-30-ebitda\/#EBITDA_am_thi_phan_chi_phi_vuot_nguong_30_EBITDA_xu_ly_the_nao\" >\u5982\u679cEBITDA\u4e3a\u8d1f\u503c\uff0c\u8d85\u51fa30% EBITDA\u9608\u503c\u7684\u90e8\u5206\u5e94\u5982\u4f55\u5904\u7406\uff1f<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_chi_phi_lai_vay_vuot_30_EBITDA_la_bai_toan_nong_cua_ky_quyet_toan_2026\"><\/span><b>\u4e3a\u4f55\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\uff0c\u6210\u4e3a2026\u5e74\u51b3\u7b97\u671f\u7684\u70ed\u70b9\u95ee\u9898\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\uff0c\u662f\u6307\u5173\u8054\u4ea4\u6613\u4f01\u4e1a\u7684\u51c0\u5229\u606f\u652f\u51fa\uff08\u5373\u5f53\u671f\u4ea7\u751f\u7684\u5229\u606f\u652f\u51fa\u6263\u9664\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u540e\u7684\u91d1\u989d\uff09\u8d85\u8fc7\u8be5\u4f01\u4e1a30%\u7a0e\u524dEBITDA\u7684\u90e8\u5206\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8be5\u8d85\u989d\u90e8\u5206\u5728\u786e\u5b9a\u4f01\u4e1a\u6240\u5f97\u7a0e\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\u4e0d\u8ba1\u5165\u53ef\u6263\u9664\u8d39\u7528\uff0c\u4f46\u5e94\u4e88\u4ee5\u8bb0\u5f55\uff0c\u4ee5\u4fbf\u5728\u4e0d\u8d85\u8fc75\u5e74\u7684\u671f\u9650\u5185\u7ed3\u8f6c\u81f3\u540e\u7eed\u7eb3\u7a0e\u671f\u95f4\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c255\/2026\/N\u0110-CP\u53f7\u653f\u5e9c\u4ee4\u7531\u653f\u5e9c\u4e8e2026\u5e746\u670830\u65e5\u9881\u5e03\uff0c\u51714\u7ae024\u6761\uff0c \u81ea2026\u5e747\u67081\u65e5\u8d77\u751f\u6548\uff0c\u5e76\u81ea2026\u5e74\u5ea6\u4f01\u4e1a\u6240\u5f97\u7a0e\u8ba1\u7a0e\u671f\u8d77\u9002\u7528\uff0c\u540c\u65f6\u53d6\u4ee3\u7b2c132\/2020\/N\u0110-CP\u53f7\u548c\u7b2c20\/2025\/N\u0110-CP\u53f7\u6cd5\u4ee4\u3002 \u9700\u8981\u7acb\u5373\u6ce8\u610f\u7684\u662f <\/span><b>30% EBITDA\u7684\u63a7\u5236\u9608\u503c\u4fdd\u6301\u4e0d\u53d8<\/b><span style=\"font-weight: 400;\"> \u4f46\u5173\u8054\u5173\u7cfb\u7684\u8bc6\u522b\u8303\u56f4\u5f97\u5230\u4e86\u8fdb\u4e00\u6b65\u660e\u786e\u548c\u6269\u5c55\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u82e5\u4e0d\u5904\u7406\u8d85\u8fc7EBITDA\u9608\u503c\u7684\u5229\u606f\u652f\u51fa\uff0c\u5c06\u5bfc\u81f4\u4e09\u9879\u660e\u663e\u7684\u8d22\u52a1\u540e\u679c\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7531\u4e8e\u8d85\u51fa\u9650\u989d\u4e14\u88ab\u5254\u9664\u7684\u8d39\u7528\u5bfc\u81f4\u5e94\u7a0e\u6536\u5165\u589e\u52a0\uff0c\u56e0\u6b64\u88ab\u8ffd\u7f34\u4f01\u4e1a\u6240\u5f97\u7a0e\uff1b;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6ede\u7eb3\u91d1\u81ea\u5e94\u7f34\u7eb3\u7a0e\u6b3e\u4e4b\u65e5\u8d77\u7d2f\u8ba1\u8ba1\u7b97\uff0c\u8fd9\u610f\u5473\u7740\u53d1\u73b0\u9519\u8bef\u8d8a\u665a\uff0c\u635f\u5931\u5c31\u8d8a\u5927\uff1b;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5e76\u4e27\u5931\u4e86\u8f6c\u4f1a\u6743\u3002.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8fd9\u79cd\u635f\u5931\u867d\u7136\u9690\u853d\uff0c\u5374\u662f\u6700\u5927\u7684\u2014\u2014\u7531\u4e8e\u4f01\u4e1a\u672a\u5728\u8d26\u7c3f\u4e2d\u8bb0\u5f55\u8d85\u51fa\u9650\u989d\u7684\u90e8\u5206\uff0c\u56e0\u6b64\u5728\u540e\u7eed\u671f\u95f4\u4fbf\u65e0\u6cd5\u8bc1\u660e\u5176\u4f7f\u7528\u6743\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Can_cu_phap_ly_xac_dinh_chi_phi_lai_vay_vuot_30_EBITDA_theo_Nghi_dinh_2552026ND-CP\"><\/span><b>\u6839\u636e\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\uff0c\u786e\u5b9a\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u6cd5\u5f8b\u4f9d\u636e<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5157\" aria-describedby=\"caption-attachment-5157\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5157\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP.jpg\" alt=\"C\u0103n c\u1ee9 ph\u00e1p l\u00fd x\u00e1c \u0111\u1ecbnh chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA theo Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Can-cu-phap-ly-xac-dinh-chi-phi-lai-vay-vuot-30-EBITDA-theo-Nghi-dinh-255_2026_ND-CP-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5157\" class=\"wp-caption-text\">\u6839\u636e\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\uff0c\u786e\u5b9a\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u6cd5\u5f8b\u4f9d\u636e<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5173\u4e8e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u76f8\u5173\u89c4\u5b9a\uff0c\u5168\u90e8\u8f7d\u4e8e\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7b2c16\u6761\u7b2c3\u6b3e\uff0c\u8be5\u6761\u6b3e\u5c5e\u4e8e\u7b2c\u4e09\u7ae0\u201c\u5173\u4e8e\u786e\u5b9a\u5173\u8054\u4ea4\u6613\u4f01\u4e1a\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u7684\u76f8\u5173\u8d39\u7528\u201d\u7684\u90e8\u5206\u3002 \u8d22\u52a1\u603b\u76d1\u9700\u51c6\u786e\u638c\u63e1\u8be5\u6b3e\u4e2d\u7684a\u3001b\u3001c\u4e09\u70b9\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cong_thuc_goc_tai_diem_a_khoan_3_Dieu_16\"><\/span><b>\u7b2c16\u6761\u7b2c3\u6b3ea\u9879\u4e2d\u7684\u539f\u59cb\u516c\u5f0f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c16\u6761\u7b2c3\u6b3ea\u9879\u7684\u89c4\u5b9a\uff1a<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u5728\u786e\u5b9a\u4f01\u4e1a\u6240\u5f97\u7a0e\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\uff0c\u6263\u9664\u7eb3\u7a0e\u4eba\u671f\u95f4\u53d1\u751f\u7684\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u540e\u7684\u603b\u5229\u606f\u652f\u51fa\u53ef\u4ee5\u6263\u9664\uff0c\u4f46\u524d\u63d0\u662f\u8be5\u5229\u606f\u652f\u51fa\u4e0d\u5f97\u8d85\u8fc7\u7eb3\u7a0e\u4eba\u671f\u95f4\u7ecf\u8425\u6d3b\u52a8\u51c0\u5229\u6da6\u603b\u989d\u52a0\u4e0a\u6263\u9664\u671f\u95f4\u53d1\u751f\u7684\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u540e\u7684\u5229\u606f\u652f\u51fa\u52a0\u4e0a\u7eb3\u7a0e\u4eba\u671f\u95f4\u53d1\u751f\u7684\u6298\u65e7\u8d39\u7528\u3002.<\/span><\/i><\/p><\/blockquote>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Quyen_chuyen_tiep_05_nam_tai_diem_b_khoan_3_Dieu_16\"><\/span><b>\u7b2c16\u6761\u7b2c3\u6b3e\u7b2cb\u9879\u89c4\u5b9a\u76845\u5e74\u8fc7\u6e21\u671f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u300a\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u300b\u89c4\u5b9a\u7684\u8fc7\u6e21\u673a\u5236\uff1a<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u6839\u636e\u672c\u6761\u6b3e(a)\u9879\u89c4\u5b9a\u4e0d\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\uff0c\u5728\u786e\u5b9a\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u603b\u989d\u65f6\uff0c\u5e94\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u7eb3\u7a0e\u671f\uff0c\u4f46\u524d\u63d0\u662f\u4e0b\u4e00\u7eb3\u7a0e\u671f\u53d1\u751f\u7684\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u603b\u989d\u4f4e\u4e8e\u672c\u6761\u6b3e(a)\u9879\u89c4\u5b9a\u7684\u91d1\u989d\u3002\u5229\u606f\u652f\u51fa\u7684\u7ed3\u8f6c\u671f\u9650\u4e0d\u5f97\u8d85\u8fc7\u81ea\u4e0d\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u53d1\u751f\u5e74\u5ea6\u7684\u6b21\u5e74\u8d77\u4e94\u5e74\u3002.<\/span><\/i><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><b>\u91cd\u8981\u63d0\u793a\uff1a<\/b><span style=\"font-weight: 400;\"> \u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u8d39\u7528\u5e76\u975e\u5b8c\u5168\u88ab\u62b5\u6263\uff0c\u800c\u662f\u88ab\u6682\u7f13\u5904\u7406\uff0c\u7b49\u5f85\u572830% EBITDA\u5c1a\u6709\u5269\u4f59\u7a7a\u95f4\u7684\u7eb3\u7a0e\u671f\u8fdb\u884c\u62b5\u6263\u3002\u4ec5\u53ef\u5728\u5229\u606f\u8d39\u7528\u53ef\u62b5\u6263\u7684\u7eb3\u7a0e\u671f\u8fdb\u884c\u8f6c\u5165\u3002 <\/span><b>\u964d\u4f4e<\/b><span style=\"font-weight: 400;\"> \u95e8\u69db\u548c\u8ba1\u7b97\u671f\u9650 <\/span><b>\u6301\u7eed\u5730<\/b><span style=\"font-weight: 400;\"> \u81ea\u53d1\u751f\u5e74\u5ea6\u7684\u6b21\u5e74\u8d77\uff0c\u4e0d\u8d85\u8fc75\u5e74\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cac_truong_hop_loai_tru_tai_diem_c_khoan_3_Dieu_16\"><\/span><b>\u7b2c16\u6761\u7b2c3\u6b3ec\u9879\u89c4\u5b9a\u7684\u9664\u5916\u60c5\u5f62<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8be5\u9650\u5236\u89c4\u5b9a\u4e0d\u9002\u7528\u4e8e\u4ee5\u4e0b\u8d37\u6b3e\uff1a\u6839\u636e\u300a\u4fe1\u8d37\u673a\u6784\u6cd5\u300b\u8bbe\u7acb\u7684\u4fe1\u8d37\u673a\u6784\u4f5c\u4e3a\u7eb3\u7a0e\u4eba\u7684\u8d37\u6b3e\uff1b\u6839\u636e\u300a\u4fdd\u9669\u7ecf\u8425\u6cd5\u300b\u8bbe\u7acb\u7684\u4fdd\u9669\u7ecf\u8425\u673a\u6784\u4f5c\u4e3a\u7eb3\u7a0e\u4eba\u7684\u8d37\u6b3e\uff1b \u5b98\u65b9\u53d1\u5c55\u63f4\u52a9\uff08ODA\uff09\u8d37\u6b3e\u3001\u653f\u5e9c\u901a\u8fc7\u5bf9\u5916\u501f\u6b3e\u65b9\u5f0f\u5411\u4f01\u4e1a\u8f6c\u8d37\u7684\u4f18\u60e0\u8d37\u6b3e\uff1b \u7528\u4e8e\u5b9e\u65bd\u56fd\u5bb6\u76ee\u6807\u8ba1\u5212\uff08\u65b0\u519c\u6751\u5efa\u8bbe\u3001\u53ef\u6301\u7eed\u51cf\u8d2b\u8ba1\u5212\uff09\u7684\u8d37\u6b3e\uff1b\u4ee5\u53ca\u7528\u4e8e\u6295\u8d44\u5b9e\u65bd\u56fd\u5bb6\u793e\u4f1a\u798f\u5229\u653f\u7b56\u7684\u76f8\u5173\u8ba1\u5212\u548c\u9879\u76ee\u7684\u8d37\u6b3e\uff08\u5b89\u7f6e\u623f\u3001\u5de5\u4eba\u4f4f\u623f\u3001\u5b66\u751f\u5bbf\u820d\u3001\u4fdd\u969c\u6027\u4f4f\u623f\uff09\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8fd9\u662f\u6839\u636e\u2026\u2026\u89c4\u5b9a\u7684\u4f8b\u5916\u60c5\u51b5 <\/span><b>\u4e3b\u4f53\u4e0e\u8d44\u91d1\u6765\u6e90<\/b><span style=\"font-weight: 400;\">, \uff0c\u8fd9\u5e76\u975e\u4f01\u4e1a\u53ef\u4ee5\u968f\u610f\u51b3\u5b9a\u7684\u4f8b\u5916\u60c5\u51b5\u3002\u4e00\u5bb6\u666e\u901a\u8d38\u6613\u4f01\u4e1a\u82e5\u4ece\u94f6\u884c\u501f\u6b3e\uff0c\u5f53\u8be5\u7b14\u8d37\u6b3e\u6839\u636e\u7b2c5\u6761\u6784\u6210\u5173\u8054\u5173\u7cfb\u65f6\uff0c\u4ecd\u987b\u5904\u7406\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ai_thuoc_dien_kiem_soat_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u54ea\u4e9b\u4f01\u4e1a\u5c5e\u4e8e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u76d1\u7ba1\u8303\u56f4<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">30% EBITDA\u95e8\u69db\u4ec5\u9002\u7528\u4e8e\u4f01\u4e1a <\/span><b>\u5b58\u5728\u5173\u8054\u5173\u7cfb\u5e76\u53d1\u751f\u5173\u8054\u4ea4\u6613<\/b><span style=\"font-weight: 400;\"> \u5728\u672c\u671f\u5185\u3002\u300a255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u300b\u7b2c5\u6761\u5217\u4e3e\u4e86\u5173\u8054\u65b9\u7684\u60c5\u5f62\uff0c\u5176\u4e2d\u4e0e\u501f\u6b3e\u6d3b\u52a8\u76f4\u63a5\u76f8\u5173\u7684\u6807\u51c6\u5305\u62ec\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e24\u5bb6\u4f01\u4e1a\u4e4b\u95f4\u76f4\u63a5\u6216\u95f4\u63a5\u6301\u80a1\u6bd4\u4f8b\u5747\u8fbe\u523025%\u53ca\u4ee5\u4e0a\uff0c\u6216\u8005\u5747\u7531\u540c\u4e00\u7b2c\u4e09\u65b9\u6301\u670925%\u53ca\u4ee5\u4e0a\u80a1\u4efd\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u56e0\u62c5\u4fdd\u6216\u4efb\u4f55\u5f62\u5f0f\u7684\u8d37\u6b3e\uff08\u5305\u62ec\u4ee5\u5173\u8054\u65b9\u8d44\u91d1\u4f5c\u4e3a\u62c5\u4fdd\u7684\u7b2c\u4e09\u65b9\u8d37\u6b3e\uff09\u800c\u4ea7\u751f\u7684\u5173\u7cfb\uff0c\u5f53\u672a\u507f\u8fd8\u503a\u52a1\u603b\u989d\u540c\u65f6\u8fbe\u5230\u4ee5\u4e0b\u4e24\u4e2a\u95e8\u69db\u65f6\uff1a \u81f3\u5c11\u8fbe\u5230\u501f\u6b3e\u4f01\u4e1a\u6240\u6709\u8005\u51fa\u8d44\u989d\u768425%\uff0c\u4e14\u5360\u501f\u6b3e\u4f01\u4e1a\u4e2d\u957f\u671f\u503a\u52a1\u603b\u4f59\u989d\u768450%\u4ee5\u4e0a\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u56e0\u501f\u6b3e\u3001\u653e\u8d37\u3001\u501f\u7528\u3001\u51fa\u501f\u7b49\u4ea4\u6613\u800c\u4ea7\u751f\u7684\u4e0e\u4f01\u4e1a\u7ecf\u8425\u8005\u3001\u63a7\u5236\u4eba\u6216\u4e0e\u5176\u6709\u4eb2\u5c5e\u5173\u7cfb\u7684\u4e2a\u4eba\u4e4b\u95f4\u7684\u5173\u7cfb\uff0c\u4e14\u6d89\u53ca\u76f8\u5e94\u7684\u51fa\u8d44\u989d\u95e8\u69db\u3002.<\/span><\/li>\n<\/ul>\n<blockquote><p><b>\u53c2\u89c1\uff1a<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/moi-quan-he-lien-ket-theo-nghi-dinh-255\/\">\u6839\u636e\u7b2c255\u53f7\u6cd5\u4ee4\u89c4\u5b9a\u7684\u5173\u8054\u5173\u7cfb\u3002.<\/a><\/span><\/strong><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8be5\u6cd5\u4ee4\u7ee7\u7eed\u89c4\u5b9a\u4e86\u4e00\u9879\u91cd\u8981\u4f8b\u5916\uff1a\u4fe1\u8d37\u673a\u6784\u63d0\u4f9b\u8d37\u6b3e\u6216\u62c5\u4fdd\uff0c\u4f46 <\/span><b>\u4e0d\u76f4\u63a5\u6216\u95f4\u63a5\u53c2\u4e0e\u7ecf\u8425\u3001\u63a7\u5236\u3001\u51fa\u8d44\u6216\u6295\u8d44<\/b><span style=\"font-weight: 400;\"> \u5bf9\u4e8e\u501f\u6b3e\u4f01\u4e1a\u6216\u88ab\u62c5\u4fdd\u4f01\u4e1a\u800c\u8a00\uff0c\u4ec5\u8be5\u7b14\u8d37\u6b3e\u672c\u8eab\u5e76\u4e0d\u6784\u6210\u5173\u8054\u5173\u7cfb\u3002\u8fd9\u4e00\u70b9\u4e3a\u7eaf\u7cb9\u5411\u94f6\u884c\u501f\u6b3e\u7684\u4f01\u4e1a\u7fa4\u4f53\u63d0\u4f9b\u4e86\u660e\u786e\u6307\u5f15\uff0c\u4f46\u9700\u63d0\u4f9b\u8bc1\u660e\u6587\u4ef6\uff0c\u5e76\u975e\u9ed8\u8ba4\u6210\u7acb\u3002 \u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u8fd8\u65b0\u589e\u4e86\u4e00\u9879\u4f8b\u5916\u89c4\u5b9a\uff1a \u5982\u679c\u503a\u6743\u4eba\u6216\u62c5\u4fdd\u65b9\u662f\u56fd\u5bb6\u6301\u6709100%\u6ce8\u518c\u8d44\u672c\u3001\u4e14\u5177\u6709\u503a\u52a1\u8d2d\u4e70\u3001\u51fa\u552e\u548c\u5904\u7f6e\u804c\u80fd\u7684\u673a\u6784\uff0c\u53ea\u8981\u5176\u672a\u53c2\u4e0e\u503a\u52a1\u4f01\u4e1a\u6216\u88ab\u62c5\u4fdd\u4f01\u4e1a\u7684\u7ecf\u8425\u7ba1\u7406\u3001\u63a7\u5236\u3001\u51fa\u8d44\u6216\u6295\u8d44\uff0c\u5219\u4e0d\u88ab\u81ea\u52a8\u89c6\u4e3a\u5173\u8054\u65b9\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Hieu_dung_ba_cau_phan_truoc_khi_xu_ly_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u5728\u5904\u7406\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u8d39\u7528\u4e4b\u524d\uff0c\u5e94\u6b63\u786e\u7406\u89e3\u8fd9\u4e09\u4e2a\u7ec4\u6210\u90e8\u5206<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5155\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA.jpg\" alt=\"Hi\u1ec3u \u0111\u00fang ba c\u1ea5u ph\u1ea7n tr\u01b0\u1edbc khi x\u1eed l\u00fd chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Hieu-dung-ba-cau-phan-truoc-khi-xu-ly-chi-phi-lai-vay-vuot-30-EBITDA-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u786e\u5b9a\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u6807\u51c6\u516c\u5f0f\u5305\u62ec\u4ee5\u4e0b\u56db\u4e2a\u8fde\u7eed\u6b65\u9aa4\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa = \u672c\u671f\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa \u2013 \uff08\u672c\u671f\u53d1\u751f\u7684\u5b58\u6b3e\u5229\u606f + \u8d37\u6b3e\u5229\u606f\u652f\u51fa\uff09<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u6b64\u65f6\uff0c\u7a0e\u524d\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u7684\u8ba1\u7b97\u65b9\u6cd5\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;\">\u5e94\u7a0e EBITDA = \u51c0\u8425\u4e1a\u5229\u6da6 + \u51c0\u5229\u606f\u652f\u51fa + \u672c\u671f\u53d1\u751f\u7684\u6298\u65e7\u8d39\u7528<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u514d\u7a0e\u989d\u7684\u786e\u5b9a\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u6263\u9664\u95e8\u69db = 30% x \u5e94\u7a0e EBITDA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8d85\u51fa\u90e8\u5206\u7684\u5229\u606f\u652f\u51fa\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;\">\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u8d39\u7528\u90e8\u5206\u88ab\u5254\u9664 = \u51c0\u5229\u606f\u8d39\u7528 \u2013 \u53ef\u6263\u9664\u9650\u989d\uff08\u82e5\u7ed3\u679c\u4e3a\u6b63\uff09<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ba_cau_phan_can_tach_bach_truoc_khi_tinh\"><\/span><b>\u8ba1\u7b97\u524d\u9700\u533a\u5206\u5f00\u7684\u4e09\u4e2a\u90e8\u5206<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5177\u4f53\u6765\u8bf4\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u4ec5\u6309\u5f53\u671f\u4ea7\u751f\u7684\u90e8\u5206\u8ba1\u7b97\uff1a <\/b><span style=\"font-weight: 400;\">\u4e0a\u4e00\u671f\u95f4\u7684\u9884\u6536\u5229\u606f\u6216\u4e0b\u4e00\u671f\u95f4\u7684\u9884\u6536\u5229\u606f\uff0c\u5fc5\u987b\u5728\u76f8\u5e94\u671f\u95f4\u8fdb\u884c\u8c03\u6574\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u4ec5\u5bf9\u6536\u5165\u7684\u672c\u8d28\u90e8\u5206\u8fdb\u884c\u62b5\u6263\uff1a <\/b><span style=\"font-weight: 400;\">\u94f6\u884c\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u4e1a\u52a1\u5229\u606f\u53ef\u62b5\u6263\u501f\u6b3e\u5229\u606f\u8d39\u7528\u3002\u91d1\u878d\u6536\u5165\u4e2d\u7684\u5176\u4ed6\u9879\u76ee\uff0c\u5982\u6c47\u5151\u6536\u76ca\u3001\u80a1\u606f\u3001\u6536\u5230\u7684\u4ed8\u6b3e\u6298\u6263\u7b49 <\/span><b>\u4e0d\u662f<\/b><span style=\"font-weight: 400;\"> \u6839\u636e\u7b2c16\u6761\u7b2c3\u6b3e\u7b2ca\u9879\u7684\u5b57\u9762\u89c4\u5b9a\uff0c\u5c5e\u4e8e\u62b5\u9500\u8303\u56f4\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5f53\u51c0\u5229\u606f\u8d39\u7528\u4e3a\u8d1f\u503c\u65f6\uff0c\u4e0d\u4ea7\u751f\u5904\u7406\u4e49\u52a1\uff1a <\/b><span style=\"font-weight: 400;\">\u5982\u679c\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u4e4b\u548c\u5927\u4e8e\u5229\u606f\u652f\u51fa\uff0c\u4f01\u4e1a\u867d\u65e0\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\uff0c\u4f46\u4ecd\u987b\u5982\u5b9e\u7533\u62a5\uff0c\u4ee5\u4fbf\u5728\u9700\u8981\u65f6\u8fdb\u884c\u8bf4\u660e\u3002.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhung_sai_sot_thuong_gap_khi_tinh_EBITDA_thue\"><\/span><b>\u8ba1\u7b97\u7a0e\u524d\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u65f6\u5e38\u89c1\u7684\u9519\u8bef<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8bb8\u591a\u9996\u5e2d\u8d22\u52a1\u5b98\u4e60\u60ef\u4e8e\u5c06EBITDA\u7528\u4e8e\u7ba1\u7406\uff0c\u7136\u540e\u76f4\u63a5\u5957\u7528\u5230\u7a0e\u52a1\u8ba1\u7b97\u516c\u5f0f\u4e2d\u3002\u8fd9\u79cd\u505a\u6cd5\u901a\u5e38\u4f1a\u5bfc\u81f4\u7ed3\u679c\u51fa\u73b0\u504f\u5dee\uff0c\u539f\u56e0\u6709\u4e8c\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7a0e\u524d\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u6765\u6e90\u4e8e <\/span><b>\u7ecf\u8425\u6d3b\u52a8\u4ea7\u751f\u7684\u51c0\u5229\u6da6<\/b><span style=\"font-weight: 400;\">: \u8be5\u6307\u6807\u5df2\u5305\u542b\u8425\u4e1a\u6536\u5165\u548c\u8d22\u52a1\u8d39\u7528\uff0c\u4f46 <\/span><b>\u5c1a\u672a\u5305\u62ec<\/b><span style=\"font-weight: 400;\"> \u5176\u4ed6\u6536\u5165\u548c\u5176\u4ed6\u8d39\u7528\uff1b;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b64\u5916\uff0c\u8ba1\u5165\u5206\u6bcd\u7684\u5229\u606f\u90e8\u5206\u5fc5\u987b\u662f\u8d37\u6b3e\u5229\u606f <\/span><b>\u7eaf\u7684<\/b><span style=\"font-weight: 400;\">, \uff0c\u800c\u4e0d\u662f\u603b\u5229\u606f\u3002.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4ec5\u5c31\u5176\u4ed6\u6536\u5165\u5dee\u5f02\u800c\u8a00\uff0c\u4f8b\u5982\u56fa\u5b9a\u8d44\u4ea7\u5904\u7f6e\u6536\u76ca\u7684\u51e0\u5341\u4ebf\u8d8a\u5357\u76fe\uff0c\u5c31\u8db3\u4ee5\u5bfc\u81f4\u4e24\u4e2aEBITDA\u6570\u503c\u51fa\u73b0\u5de8\u5927\u504f\u5dee\uff0c\u4ece\u800c\u98a0\u8986\u201c\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u201d\u8fd9\u4e00\u7ed3\u8bba\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e3a\u907f\u514d\u53ef\u80fd\u53d1\u751f\u7684\u9057\u61be\u98ce\u9669\uff0c\u4f01\u4e1a\u53ef\u53c2\u8003<\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/dich-vu-tu-van-giao-dich-lien-ket\/\"> <b>\u5173\u8054\u65b9\u4ea4\u6613\u54a8\u8be2\u670d\u52a1<\/b><\/a><\/span><span style=\"font-weight: 400;\"> \u8bf7\u8054\u7cfb\u50cf\u201c\u56db\u5927\u201d\uff08Big4\uff09\u3001MAN\uff08Master Accountant Network\uff09\u8fd9\u6837\u4e13\u4e1a\u3001\u4fe1\u8a89\u826f\u597d\u4e14\u7ecf\u9a8c\u4e30\u5bcc\u7684\u673a\u6784\uff0c\u4ee5\u4fbf\u5c3d\u65e9\u83b7\u5f97\u652f\u6301\u3002.\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Quy_trinh_5_buoc_xu_ly_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u5904\u7406\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u76845\u6b65\u6d41\u7a0b<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4ee5\u4e0b\u662f\u5904\u7406\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u6d41\u7a0b\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u6b65\u9aa4 1 \u2013 \u786e\u5b9a\u9002\u7528\u8d44\u683c\uff1a <\/b><span style=\"font-weight: 400;\">\u5ba1\u67e5\u6240\u6709\u6743\u7ed3\u6784\u3001\u8d37\u6b3e\u5408\u540c\u3001\u62c5\u4fdd\u51fd\u4ee5\u53ca\u4e0e\u7ba1\u7406\u5c42\u4e2a\u4eba\u4e4b\u95f4\u7684\u501f\u8d37\u5173\u7cfb\uff0c\u4ee5\u786e\u5b9a\u8be5\u4f01\u4e1a\u662f\u5426\u5c5e\u4e8e\u7b2c5\u6761\u7684\u9002\u7528\u8303\u56f4\uff0c\u5e76\u5c06\u7ed3\u8bba\u4ee5\u4e66\u9762\u5f62\u5f0f\u8bb0\u5f55\u5e76\u9644\u4e0a\u76f8\u5173\u8bc1\u636e\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u6b65\u9aa4 2 \u2013 \u63d0\u53d6\u8d22\u52a1\u6570\u636e\u3002.<\/b><span style=\"font-weight: 400;\"> \u6309\u6bcf\u4efd\u5408\u540c\u7f16\u5236\u8be6\u7ec6\u7684\u501f\u6b3e\u5229\u606f\u8d39\u7528\u660e\u7ec6\u8868\uff0c\u5206\u522b\u5217\u793a\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\uff0c\u5e76\u5254\u9664\u5df2\u8d44\u672c\u5316\u81f3\u5728\u5efa\u8d44\u4ea7\u4e2d\u7684\u501f\u6b3e\u5229\u606f\u90e8\u5206\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u6b65\u9aa43\u2014\u2014\u8ba1\u7b97\u7a0e\u524d\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\uff0c\u786e\u5b9a30%\u9608\u503c\u53ca\u8d85\u989d\u90e8\u5206 <\/b><span style=\"font-weight: 400;\">\u6b63\u786e\u5e94\u7528 <\/span><a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-ebitda\/\"><span style=\"font-weight: 400;\">EBITDA \u8ba1\u7b97\u516c\u5f0f <\/span><\/a><span style=\"font-weight: 400;\">\u5728\u7b2c16\u6761\u7b2c3\u6b3e\u7b2ca\u9879\u4e2d\uff0c\u9644\u4e0a\u53c2\u8003\u7ecf\u5ba1\u8ba1\u8d22\u52a1\u62a5\u8868\u4e2d\u5404\u9879\u6307\u6807\u7684\u8ba1\u7b97\u8868\uff1b\u5728\u7eb3\u7a0e\u7533\u62a5\u8868\u4e2d\uff0c\u5c06\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u8d39\u7528\u8ba1\u5165\u201c\u589e\u52a0\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u7684\u8c03\u6574\u9879\u76ee\u201d\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7b2c4\u6b65\u2014\u2014\u5f00\u8bbe\u8f6c\u8d26\u767b\u8bb0\u7c3f\uff1a <\/b><span style=\"font-weight: 400;\">\u4e3a\u6bcf\u4e2a\u53d1\u751f\u5e74\u5ea6\u5206\u522b\u5efa\u7acb\u8ddf\u8e2a\u8868\uff0c\u660e\u786e\u8bb0\u8f7d\u91d1\u989d\u3001\u53d1\u751f\u5e74\u5ea6\u3001\u7ed3\u8f6c\u622a\u6b62\u5e74\u5ea6\u4ee5\u53ca\u5404\u671f\u95f4\u5df2\u4f7f\u7528\u7684\u91d1\u989d\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7b2c5\u6b65\u2014\u2014\u5b8c\u5584\u6750\u6599\u5e76\u586b\u5199\u7533\u62a5\u8868\uff1a <\/b><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u9644\u5e26\u53d1\u5e03\u7684\u9644\u5f55I\u7533\u62a5\u5229\u606f\u652f\u51fa\u6bd4\u4f8b\uff0c\u968f\u4f01\u4e1a\u6240\u5f97\u7a0e\u51b3\u7b97\u7533\u62a5\u8868\u4e00\u5e76\u63d0\u4ea4\uff1b\u540c\u65f6\uff0c\u82e5\u4e0d\u5c5e\u4e8e\u514d\u4e8e\u7f16\u5236\u7684\u60c5\u5f62\uff0c\u5e94\u5b8c\u5584\u5173\u8054\u4ea4\u6613\u5b9a\u4ef7\u6587\u4ef6\u3002.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa_tinh_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u5173\u4e8e\u8ba1\u7b97\u8d85\u8fc730%\u7684\u5229\u606f\u8d39\u7528\u53caEBITDA\u7684\u793a\u4f8b<\/b><b>\u4e00\u4e2a<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A\u516c\u53f8\uff08\u751f\u4ea7\u96f6\u90e8\u4ef6\uff0c\u4ece\u6d77\u5916\u6bcd\u516c\u53f8\u501f\u6b3e\uff092026\u7eb3\u7a0e\u671f\u7684\u6570\u636e\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 style=\"text-align: center;\"><b>\u6307\u6807<\/b><\/td>\n<td style=\"text-align: center;\"><b>\u91d1\u989d<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u51c0\u8425\u4e1a\u5229\u6da6<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">500\u4ebf\u8d8a\u5357\u76fe<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u672c\u671f\u95f4\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">450\u4ebf\u8d8a\u5357\u76fe<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u5b58\u6b3e\u5229\u606f + \u8d37\u6b3e\u5229\u606f<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">50\u4ebf\u8d8a\u5357\u76fe<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u672c\u671f\u6298\u65e7\u8d39\u7528<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">100\u4ebf\u8d8a\u5357\u76fe<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><b>\u8ba1\u7b97\u6b65\u9aa4\uff1a<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa = 45 \u2212 5 = 400\u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5e94\u7a0e EBITDA = 50 + 40 + 10 = 1000 \u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6263\u9664\u989d = 30% \u00d7 100 = 300\u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5229\u606f\u652f\u51fa\u8d85\u8fc730% \u6263\u9664\u5229\u606f\u3001\u7a0e\u9879\u3001\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09= 40 \u2212 30 = 10 t\u1ef7 \u0111\u1ed3ng<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A\u516c\u53f8\u57282026\u5e74\u5ea6\u5c06\u5e94\u7a0e\u6536\u5165\u4e0a\u8c03100\u4ebf\u8d8a\u5357\u76fe\uff0c\u540c\u65f6\u5c06\u5176\u8ba1\u5165\u8fc7\u6e21\u6027\u8d26\u76ee\uff0c\u81ea2027\u5e74\u8d77\u8fde\u7eed\u4f7f\u7528\u671f\u9650\u4e0d\u8d85\u8fc75\u5e74\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5047\u8bbe2027\u5e74\u516c\u53f8\u51cf\u5c11\u8d37\u6b3e\u4f59\u989d\uff0c\u51c0\u5229\u606f\u652f\u51fa\u964d\u81f3200\u4ebf\u8d8a\u5357\u76fe\uff0c\u800c30% EBITDA\u9608\u503c\u4e3a280\u4ebf\u8d8a\u5357\u76fe\uff0c\u5c1a\u670980\u4ebf\u8d8a\u5357\u76fe\u7684\u7f13\u51b2\u7a7a\u95f4\u3002 \u516c\u53f8\u5c062026\u5e74\u768480\u4ebf\u8d8a\u5357\u76fe\u7ed3\u8f6c\u81f32027\u5e74\u8fdb\u884c\u62b5\u6263\uff1b\u5269\u4f59\u768420\u4ebf\u8d8a\u5357\u76fe\u5c06\u5728\u5269\u4f59\u671f\u9650\u5185\u7ee7\u7eed\u8ddf\u8e2a\uff0c\u7528\u4e8e\u540e\u7eed\u671f\u95f4\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>\u4e00\u9879\u91cd\u8981\u7684\u4e1a\u52a1\u6ce8\u610f\u4e8b\u9879\uff1a<\/b><span style=\"font-weight: 400;\"> \u9012\u5ef6\u6743\u76ca\u4ec5\u53ef\u5728\u4f01\u4e1a\u8be5\u4f1a\u8ba1\u671f\u95f4\u4f7f\u7528 <\/span><b>\u662f\u5426\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613<\/b><span style=\"font-weight: 400;\">. \u5982\u679c\u67d0\u4e00\u5e74\u4f01\u4e1a\u4e0d\u518d\u53d1\u751f\u5173\u8054\u4ea4\u6613\uff0c\u8be5\u516c\u53f8\u5c31\u4e0d\u5c5e\u4e8e\u7b2c16\u6761\u7b2c3\u6b3e\u7684\u9002\u7528\u8303\u56f4\uff0c\u56e0\u6b64\u6ca1\u6709\u4f9d\u636e\u5c06\u4e0a\u4e00\u671f\u95f4\u7684\u6682\u6302\u5229\u606f\u8d39\u7528\u8ba1\u5165\u6263\u9664\uff1b\u4e0e\u6b64\u540c\u65f6\uff0c5\u5e74\u7684\u8fc7\u6e21\u671f\u65f6\u9650\u4ecd\u5728\u6301\u7eed\u8fd0\u884c\uff0c\u4e0d\u4f1a\u6682\u505c\u3002 \u8fd9\u5c31\u662f\u4f01\u4e1a\u9700\u8981\u5f00\u8bbe\u8ffd\u8e2a\u8d26\u7c3f\uff0c\u660e\u786e\u8bb0\u5f55\u4e0d\u7b26\u5408\u4f7f\u7528\u7ed3\u8f6c\u91d1\u989d\u6761\u4ef6\u7684\u5404\u5e74\u5ea6\u60c5\u51b5\uff08\u5e76\u9644\u4e0a\u539f\u56e0\uff09\uff0c\u4ee5\u4fbf\u5728\u9700\u8981\u65f6\u8fdb\u884c\u8bf4\u660e\u7684\u539f\u56e0\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Truong_hop_EBITDA_am_hoac_bang_khong\"><\/span><b>EBITDA\u4e3a\u8d1f\u503c\u6216\u4e3a\u96f6\u7684\u60c5\u51b5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8fd9\u662f\u4e00\u79cd\u7279\u522b\u5371\u9669\u7684\u60c5\u51b5\u3002\u5f53\u4f01\u4e1a\u51fa\u73b0\u4e8f\u635f\u5bfc\u81f4EBITDA\u4e3a\u8d1f\u503c\u65f6\uff0c30% EBITDA\u7684\u9608\u503c\u5c06\u7b49\u4e8e0\u3002\u6b64\u65f6\uff0c\u4ea7\u751f\u7684100%\u5229\u606f\u652f\u51fa\u5c06\u88ab\u89c6\u4e3a\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u3002 \u5c3d\u7ba1\u8fd9\u4e9b\u8d39\u7528\u53ef\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u5e74\u5ea6\uff0c\u4f46\u672c\u5e74\u5ea6\u7f3a\u4e4f\u53ef\u62b5\u6263\u8d39\u7528\uff0c\u5bfc\u81f4\u7eb3\u7a0e\u7533\u62a5\u8868\u4e0a\u7684\u4e8f\u635f\u989d\u51cf\u5c11\uff0c\u4ece\u800c\u5f71\u54cd\u672a\u6765\u62b5\u6263\u4e8f\u635f\u7684\u80fd\u529b\u3002.\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Diem_moi_cua_Nghi_dinh_2552026ND-CP_tac_dong_den_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7684\u65b0\u89c4\u5b9a\u5bf9\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u4ea7\u751f\u7684\u5f71\u54cd<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5156\" aria-describedby=\"caption-attachment-5156\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5156\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA.jpg\" alt=\"\u0110i\u1ec3m m\u1edbi c\u1ee7a Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/04\/Diem-moi-cua-Nghi-dinh-255_2026_ND-CP-tac-dong-den-chi-phi-lai-vay-vuot-30-EBITDA-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5156\" class=\"wp-caption-text\">\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7684\u65b0\u89c4\u5b9a\u5bf9\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u4ea7\u751f\u7684\u5f71\u54cd<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u6cbf\u88ad\u4e86\u7ecf\u7b2c20\/2025\/N\u0110-CP\u53f7\u6cd5\u4ee4\u4fee\u8ba2\u548c\u8865\u5145\u7684\u7b2c132\/2020\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7684\u5927\u90e8\u5206\u89c4\u5b9a\uff0c \u540c\u65f6\u5bf9\u90e8\u5206\u5185\u5bb9\u8fdb\u884c\u4e86\u8c03\u6574\uff0c\u4ee5\u4e0e\u300a2025\u5e74\u7a0e\u6536\u7ba1\u7406\u6cd5\u300b\u548c\u300a2025\u5e74\u4f01\u4e1a\u6240\u5f97\u7a0e\u6cd5\u300b\u4fdd\u6301\u4e00\u81f4\u3002\u4ee5\u4e0b\u4e09\u9879\u65b0\u89c4\u5b9a\u5c06\u76f4\u63a5\u5f71\u54cd\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u786e\u5b9a\u548c\u5904\u7406\uff1a<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Bo_sung_quan_he_lien_ket_tu_giao_dich_muon_cho_muon\"><\/span><b>\u4ece\u501f\u51fa\u3001\u501f\u5165\u4ea4\u6613\u4e2d\u8865\u5145\u5173\u8054\u5173\u7cfb<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c5\u6761\u7b2c2\u6b3e\u7b2cl\u9879\u8865\u5145\u89c4\u5b9a\u4e86\u4f01\u4e1a\u53d1\u751f\u501f\u6b3e\u3001 \u51fa\u501f\u3001\u501f\u5165\u6216\u51fa\u501f\u81f3\u5c1110%\u7684\u80a1\u4e1c\u51fa\u8d44\u989d\uff0c\u4e14\u8be5\u4ea4\u6613\u53d1\u751f\u65f6\uff0c\u5bf9\u65b9\u4e3a\u4f01\u4e1a\u7ba1\u7406\u6216\u63a7\u5236\u4eba\u5458\uff0c\u6216\u4e0e\u5176\u5b58\u5728\u4eb2\u5c5e\u5173\u7cfb\u7684\u4e2a\u4eba\uff0c\u5219\u88ab\u89c6\u4e3a\u5b58\u5728\u5173\u8054\u5173\u7cfb\u3002 \u8fd9\u76f8\u8f83\u4e8e\u65e7\u7684\u6cd5\u5f8b\u6846\u67b6\u6709\u6240\u6269\u5c55\uff0c\u5bfc\u81f4\u6b64\u524d\u672a\u53d7\u5ba1\u67e5\u7684\u67d0\u4e9b\u5185\u90e8\u8d22\u52a1\u4ea4\u6613\uff0c\u5982\u4eca\u53ef\u80fd\u4f7f\u4f01\u4e1a\u88ab\u7eb3\u5165\u5fc5\u987b\u5904\u7406\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u7684\u8303\u7574\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nguong_Bao_cao_loi_nhuan_lien_quoc_gia_nang_len_750_trieu_Euro\"><\/span><b>\u8de8\u56fd\u5229\u6da6\u62a5\u544a\u95e8\u69db\u4e0a\u8c03\u81f37.5\u4ebf\u6b27\u5143<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7b2c19\u6761\u89c4\u5b9a\uff0c\u89e6\u53d1\u7f16\u5236\u8de8\u56fd\u5229\u6da6\u62a5\u544a\u4e49\u52a1\u7684\u5168\u7403\u5408\u5e76\u6536\u5165\u95e8\u69db\u7edf\u4e00\u8bbe\u5b9a\u4e3a7.5\u4ebf\u6b27\u5143\uff0c\u8fd9\u7b26\u5408\u7ecf\u5408\u7ec4\u7ec7\uff08OECD\uff09\u7684\u5efa\u8bae\u60ef\u4f8b\u3002 \u8fd9\u662f\u8de8\u56fd\u96c6\u56e2\u4f01\u4e1a\u9700\u8981\u4e0e\u5ba1\u67e5\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u5e76\u884c\u6838\u5bf9\u7684\u6570\u636e\uff0c\u56e0\u4e3a\u8fd9\u4e24\u9879\u5185\u5bb9\u5747\u5c5e\u4e8e\u8be5\u6cd5\u4ee4\u7b2c\u4e09\u7ae0\u7684\u8303\u7574\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Dieu_khoan_chuyen_tiep_bao_dam_quyen_loi_doanh_nghiep\"><\/span><b>\u4fdd\u969c\u4f01\u4e1a\u6743\u76ca\u7684\u8fc7\u6e21\u6761\u6b3e<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8be5\u4f01\u4e1a\u76ee\u524d\u5c5e\u4e8e\u53ef\u6309\u4ee5\u4e0b\u89c4\u5b9a\u8f6c\u5ac1\u8d37\u6b3e\u5229\u606f\u8d39\u7528\u7684\u60c5\u51b5\uff1a <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-20-2025-ND-CP-sua-doi-Nghi-dinh-132-2020-ND-%D0%A1%D0%A0-quan-ly-thue-doanh-nghiep-co-giao-dich-lien-ket-642785.aspx\" rel=\"nofollow noopener\" target=\"_blank\">\u7b2c20\/2025\/ND-CP\u53f7\u6cd5\u4ee4\u7b2c3\u6761<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u5c3d\u7ba1\u7b2c132\/2020\/N\u0110-CP\u53f7\u653f\u4ee4\u548c\u7b2c20\/2025\/N\u0110-CP\u53f7\u653f\u4ee4\u5df2\u81ea2026\u5e747\u67081\u65e5\u8d77\u5931\u6548\uff0c\u4f46\u5728\u5269\u4f59\u671f\u95f4\u5185\u4ecd\u5c06\u7ee7\u7eed\u6309\u7167\u8be5\u89c4\u5b9a\u4e88\u4ee5\u8f6c\u4ea4\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8be5\u89c4\u5b9a\u6709\u52a9\u4e8e\u786e\u4fdd\u4f01\u4e1a\u6b64\u524d\u786e\u7acb\u7684\u5229\u606f\u8d39\u7528\u8f6c\u5ac1\u6743\u5229\u4e0d\u53d7\u5f71\u54cd\uff0c\u907f\u514d\u56e0\u6cd5\u5f8b\u6cd5\u89c4\u7684\u53d8\u66f4\u800c\u5bfc\u81f4\u60ac\u800c\u672a\u51b3\u7684\u91d1\u989d\u5b8c\u5168\u5931\u6548\u3002\u8be6\u7ec6\u7684\u5b9e\u65bd\u6307\u5357\u8f7d\u4e8e <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-van-4697-ct-cs\/\">\u5b98\u65b9\u6587\u4ef6 4697\/CT-CS<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u7a0e\u52a1\u673a\u5173\u4e8e2026\u5e747\u67089\u65e5\u53d1\u5e03\u7684\u6587\u4ef6\uff0c\u5176\u4e2d\u4e13\u95e8\u8bbe\u6709\u5173\u4e8e\u5229\u606f\u652f\u51fa\u7684\u7ae0\u8282\u4ee5\u53ca\u8fc7\u6e21\u6027\u6761\u6b3e\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rui_ro_va_hau_qua_khi_khong_xu_ly_dung_phan_vuot_nguong_30_EBITDA\"><\/span><b>\u672a\u6b63\u786e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u90e8\u5206\u6240\u5e26\u6765\u7684\u98ce\u9669\u53ca\u540e\u679c<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5bf9\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u5bbd\u677e\u7ba1\u7406\u5bfc\u81f4\u4e86\u4e09\u5927\u4e3b\u8981\u98ce\u9669\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7b2c\u4e00\uff0c\u786e\u5b9a\u7a0e\u989d\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c\u4f01\u4e1a\u672a\u80fd\u63d0\u4f9b\u5145\u5206\u7684\u6587\u4ef6\u8bc1\u660e\u8d37\u6b3e\u7684\u5408\u7406\u6027\u4ee5\u53ca\u9608\u503c\u7684\u8ba1\u7b97\u65b9\u6cd5\uff0c\u7a0e\u52a1\u673a\u5173\u53ef\u4ee5\u5168\u989d\u9a73\u56de\u76f8\u5173\u7684\u5229\u606f\u652f\u51fa\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5176\u6b21\u662f\u6ede\u7eb3\u91d1\uff1a<\/b><span style=\"font-weight: 400;\"> \u56e0\u5254\u9664\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u800c\u4ea7\u751f\u7684\u8865\u7f34\u6b3e\u9879\uff0c\u5c06\u4ece\u672c\u5e94\u7f34\u7eb3\u4e4b\u65e5\u8d77\u8ba1\u6536\u6ede\u7eb3\u91d1\uff0c\u8fd9\u610f\u5473\u7740\u53d1\u73b0\u9519\u8bef\u8d8a\u665a\uff0c\u76f8\u5173\u6210\u672c\u5c31\u8d8a\u9ad8\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7b2c\u4e09\uff0c\u5728\u5173\u8054\u4ea4\u6613\u5b9a\u4ef7\u62a5\u544a\u4e2d\u4e27\u5931\u53ef\u4fe1\u5ea6\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c\u65e0\u6cd5\u8bf4\u660e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u539f\u56e0\u53ca\u5904\u7406\u65b9\u5f0f\uff0c\u4f01\u4e1a\u5f88\u5bb9\u6613\u5728\u540e\u7eed\u671f\u95f4\u6210\u4e3a\u4f18\u5148\u68c0\u67e5\u7684\u5bf9\u8c61\u3002.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>\u5173\u4e8e\u5176\u6027\u8d28\u7684\u8bf4\u660e\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c\u4e0e\u5173\u8054\u65b9\u4e4b\u95f4\u7684\u501f\u6b3e\u5229\u7387\u4e0d\u7b26\u5408\u72ec\u7acb\u4ea4\u6613\u539f\u5219\uff0c\u7a0e\u52a1\u673a\u5173\u53ef\u4ee5\u5bf9\u5229\u606f\u652f\u51fa\u8fdb\u884c\u8c03\u6574 <\/span><b>\u5728\u2026\u2026\u4e4b\u524d<\/b><span style=\"font-weight: 400;\"> \u8fbe\u523030% EBITDA\u7684\u9608\u503c\u3002\u8fd9\u610f\u5473\u7740\uff0c\u82e5\u5173\u8054\u4ea4\u6613\u5b9a\u4ef7\u8bb0\u5f55\u4e0d\u5145\u5206\uff0c\u5c06\u5bfc\u81f4\u8d85\u8fc730% EBITDA\u7684\u90e8\u5206\u5229\u606f\u8d39\u7528\u88ab\u5927\u5e45\u63a8\u9ad8\uff0c\u8fdc\u8d85\u4f01\u4e1a\u81ea\u884c\u8ba1\u7b97\u7684\u6570\u503c\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ho_so_chung_minh_va_ke_khai_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u8bc1\u660e\u6587\u4ef6\u53ca\u7533\u62a5\u6750\u6599\uff1a\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u90e8\u5206<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u6700\u4f4e\u7533\u8bf7\u6750\u6599\u5305\u62ec\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>30% EBITDA \u9608\u503c\u8ba1\u7b97\u8868<\/b><span style=\"font-weight: 400;\"> \u5305\u542b\u8d22\u52a1\u62a5\u8868\u6307\u6807\u548c\u4f1a\u8ba1\u79d1\u76ee\u7f16\u53f7\u7684\u53c2\u8003\u4fe1\u606f\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u6309\u5404\u5408\u540c\u5206\u7c7b\u7684\u5229\u606f\u8d39\u7528\u660e\u7ec6\u8868<\/b><span style=\"font-weight: 400;\">, \uff0c\u9644\u5e26\u8d37\u6b3e\u5408\u540c\u3001\u4ed8\u6b3e\u51ed\u8bc1\u53ca\u94f6\u884c\u51fa\u5177\u7684\u5229\u606f\u786e\u8ba4\u51fd\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u660e\u7ec6\u8868<\/b><span style=\"font-weight: 400;\">, \uff0c\u4e0e\u94f6\u884c\u660e\u7ec6\u8d26\u8fdb\u884c\u6838\u5bf9\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u591a\u5e74\u8f6c\u5b66\u8ffd\u8e2a\u8868<\/b><span style=\"font-weight: 400;\">, \uff0c\u663e\u793a\u671f\u521d\u4f59\u989d\u3001\u53d1\u751f\u989d\u3001\u4f7f\u7528\u989d\u3001\u671f\u672b\u4f59\u989d\u53ca\u5230\u671f\u5e74\u4efd\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u9644\u5f55\u4e00\uff1a\u5229\u606f\u8d39\u7528\u6bd4\u4f8b\u7533\u62a5\u8868<\/b><span style=\"font-weight: 400;\"> \u6309\u7167\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u6240\u9644\u7684\u683c\u5f0f\u586b\u5199\uff0c\u5e76\u4e0e\u51b3\u7b97\u7533\u62a5\u8868\u4e00\u5e76\u63d0\u4ea4\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u8f6c\u8ba9\u5b9a\u4ef7\u88c1\u5b9a\u6863\u6848<\/b><span style=\"font-weight: 400;\"> \uff08\u56fd\u5bb6\u6587\u4ef6\u3001\u5168\u7403\u6587\u4ef6\u3001\u5982\u5c5e\u987b\u7f16\u5236\u8303\u56f4\u7684\u8de8\u56fd\u5229\u6da6\u62a5\u544a\uff09\u6839\u636e\u8be5\u6cd5\u4ee4\u7b2c18\u6761\uff0c\u5176\u4e2d\u9700\u8bc1\u660e\u4e0e\u5173\u8054\u65b9\u4e4b\u95f4\u7684\u501f\u6b3e\u5229\u7387\u7b26\u5408\u72ec\u7acb\u4ea4\u6613\u539f\u5219\u3002 \u4f01\u4e1a\u9700\u6ce8\u610f\uff0c\u6839\u636e\u7a0e\u52a1\u673a\u5173\u7684\u8981\u6c42\u63d0\u4ea4\u6587\u4ef6\u7684\u671f\u9650\u4e0d\u5f97\u8d85\u8fc730\u4e2a\u5de5\u4f5c\u65e5\uff0c\u5982\u6709\u6b63\u5f53\u7406\u7531\uff0c\u53ef\u5ef6\u957f\u4e00\u6b21\uff0c\u5ef6\u957f\u671f\u9650\u4e0d\u5f97\u8d85\u8fc715\u4e2a\u5de5\u4f5c\u65e5\u3002.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Giai_phap_dai_han_giam_ap_luc_phan_chi_phi_lai_vay_vuot_nguong\"><\/span><b>\u7f13\u89e3\u8d37\u6b3e\u5229\u606f\u652f\u51fa\u8d85\u51fa\u9608\u503c\u6240\u5e26\u6765\u538b\u529b\u7684\u957f\u671f\u89e3\u51b3\u65b9\u6848<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5728\u51b3\u7b97\u9636\u6bb5\u5bf9\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u8d39\u7528\u8fdb\u884c\u5904\u7406\uff0c\u53ea\u662f\u6cbb\u6807\u4e4b\u7b56\u3002\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u4f01\u4e1a\u6709\u56db\u79cd\u5408\u6cd5\u7684\u8c03\u6574\u9014\u5f84\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8c03\u6574\u503a\u52a1\u4e0e\u6743\u76ca\u7ed3\u6784\uff1a\u5c06\u90e8\u5206\u5185\u90e8\u501f\u6b3e\u8f6c\u4e3a\u5b9e\u6536\u8d44\u672c\uff0c\u4ee5\u964d\u4f4e\u51c0\u5229\u606f\u652f\u51fa\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u901a\u8fc7\u73b0\u91d1\u6d41\u7ba1\u7406\u6765\u7f13\u89e3\u201c\u65e2\u5927\u989d\u501f\u6b3e\u53c8\u7ef4\u6301\u5927\u989d\u5b58\u6b3e\u4f59\u989d\u201d\u7684\u72b6\u51b5\uff1a\u56e0\u4e3a\u603b\u5229\u606f\u652f\u51fa\u901a\u5e38\u589e\u957f\u901f\u5ea6\u5feb\u4e8e\u53ef\u62b5\u6d88\u7684\u5b58\u6b3e\u5229\u606f\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6839\u636e\u72ec\u7acb\u4ea4\u6613\u539f\u5219\u5ba1\u67e5\u5185\u90e8\u501f\u6b3e\u5229\u7387\uff1a\u65e2\u53ef\u964d\u4f4e\u88ab\u8c03\u6574\u7684\u98ce\u9669\uff0c\u53c8\u80fd\u51cf\u5c11\u8d85\u8fc730% EBITDA\u7684\u90e8\u5206\u501f\u6b3e\u5229\u606f\u652f\u51fa\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6839\u636e\u6295\u8d44\u5468\u671f\u5236\u5b9aEBITDA\u8ba1\u5212\uff1a\u5bf9\u672a\u67655\u5e74\u768430% EBITDA\u9608\u503c\u8fdb\u884c\u6a21\u62df\uff0c\u4ee5\u4f18\u5316\u8d44\u91d1\u62e8\u4ed8\u65f6\u70b9\u53ca\u8fc7\u6e21\u6743\u884c\u4f7f\u65f6\u70b9\u7684\u5b89\u6392\u3002.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>\u603b\u7ed3<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7ef4\u630130% EBITDA\u7684\u95e8\u69db\u4e0d\u53d8\uff0c \u4f46\u6269\u5927\u4e86\u5173\u8054\u5173\u7cfb\u7684\u8ba4\u5b9a\u8303\u56f4\uff0c\u8fd9\u610f\u5473\u7740\u57282026\u5e74\u5ea6\uff0c\u9700\u5904\u7406\u5229\u606f\u8d39\u7528\u8d85\u8fc730% EBITDA\u7684\u4f01\u4e1a\u6570\u91cf\u5f88\u53ef\u80fd\u6bd4\u5f80\u5e74\u66f4\u591a\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u6700\u503c\u5f97\u8bb0\u4f4f\u7684\u4e09\u4ef6\u4e8b\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u53d7\u9650\u5236\u7684\u8d39\u7528\u662f\u6307\u5229\u606f\u8d39\u7528 <\/span><b>\u7eaf\u7684<\/b><span style=\"font-weight: 400;\">;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8d85\u51fa\u9650\u989d\u7684\u90e8\u5206\u5c06\u5728\u8fde\u7eed\u671f\u9650\u5185\u91cd\u65b0\u6302\u5355 <\/span><b>\u4e0d\u8d85\u8fc705\u5e74<\/b><span style=\"font-weight: 400;\">;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u800c\u4e14\uff0c\u8f6c\u4f1a\u6743\u4ec5\u9002\u7528\u4e8e\u4f01\u4e1a\u671f <\/span><b>\u662f\u5426\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613<\/b><span style=\"font-weight: 400;\">, \uff0c\u800c\u4e94\u5e74\u4e4b\u949f\u5374\u6c38\u4e0d\u505c\u606f\u3002.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5982\u679c\u8d35\u516c\u53f82026\u5e74\u5ea6\u7684\u5229\u606f\u8d39\u7528\u7533\u62a5\u6750\u6599\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u4e4b\u5904\u2014\u2014\u65e0\u8bba\u662f\u5173\u8054\u65b9\u8eab\u4efd\u7684\u8ba4\u5b9a\u3001\u5b58\u6b3e\u5229\u606f\u7684\u5206\u79bb\uff0c\u8fd8\u662f\u591a\u5e74\u8fc7\u6e21\u8ddf\u8e2a\u8868\u7684\u7f16\u5236\u2014\u2014\u6211\u4eec\u7684\u5173\u8054\u4ea4\u6613\u4e13\u5bb6\u56e2\u961f\u5c06 <\/span><b>MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/b><span style=\"font-weight: 400;\"> \u5728\u8d26\u7c3f\u88ab\u9501\u5b9a\u524d\uff0c\u968f\u65f6\u51c6\u5907\u4e0e\u4f01\u4e1a\u5171\u540c\u8fdb\u884c\u6838\u67e5\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lien-he\/\">\u8054\u7cfb MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u514d\u8d39\u63d0\u4f9b\u652f\u6301\u548c\u5efa\u8bae\uff01<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5730\u5740\uff1a<\/b><span style=\"font-weight: 400;\"> \u80e1\u5fd7\u660e\u5e02\u65b0\u987a\u533a 43 \u8857 19A \u53f7<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u624b\u673a\/Zalo\uff1a<\/b><span style=\"font-weight: 400;\"> 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7535\u5b50\u90ae\u4ef6\uff1a<\/b><span style=\"font-weight: 400;\"> man@man.net.vn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Google\u5546\u5bb6\u4fe1\u606f\uff1a<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/share.google\/EmihzHg354pCASC9k\" rel=\"nofollow noopener\" target=\"_blank\">\u67e5\u770b MAN \u2013 Master Accountant Network \u7684 Google \u5546\u5bb6\u8d44\u6599\u00a0<\/a><\/span><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>LinkedIn\u521b\u59cb\u4eba\uff1a<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.linkedin.com\/in\/tuy%C3%AAn-l%C3%AA-ho%C3%A0ng-65292aa0\/\" rel=\"nofollow noopener\" target=\"_blank\">\u67e5\u770b\u4e13\u5bb6 Le Hoang Tuyen \u7684 LinkedIn \u4e2a\u4eba\u8d44\u6599\u3002\u00a0<\/a><\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8d1f\u8d23\u5236\u4f5c\u548c\u4e13\u4e1a\u5185\u5bb9\u5ba1\u6838\uff1a\u5148\u751f <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">\u9ece\u9ec4\u5ba3 \u2013 MAN \u2013 \u9ad8\u7ea7\u4f1a\u8ba1\u5e08\u7f51\u7edc\u521b\u59cb\u4eba\u517c\u9996\u5e2d\u6267\u884c\u5b98<\/a><\/span><\/strong><span style=\"font-weight: 400;\">. \u4ed6\u662f\u8d8a\u5357\u6ce8\u518c\u4f1a\u8ba1\u5e08\uff0c\u62e5\u6709\u8d85\u8fc7 30 \u5e74\u7684\u4f1a\u8ba1\u3001\u5ba1\u8ba1\u3001\u7a0e\u52a1\u548c\u516c\u53f8\u6cd5\u5f8b\u54a8\u8be2\u65b9\u9762\u7684\u4e30\u5bcc\u7ecf\u9a8c\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_chi_phi_lai_vay_vuot_30_EBITDA\"><\/span><b>\u5173\u4e8e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u7684\u5e38\u89c1\u95ee\u9898<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doanh_nghiep_khong_co_giao_dich_lien_ket_co_phai_xu_ly_chi_phi_lai_vay_vuot_nguong_EBITDA_khong\"><\/span><b>\u6ca1\u6709\u5173\u8054\u4ea4\u6613\u7684\u4f01\u4e1a\u662f\u5426\u9700\u8981\u5904\u7406\u8d85\u8fc7EBITDA\u9608\u503c\u7684\u5229\u606f\u8d39\u7528\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e0d\u3002\u7b2c16\u6761\u7b2c3\u6b3e\u7b2ca\u9879\u89c4\u5b9a\u7684\u9650\u5236\u4ec5\u9002\u7528\u4e8e\u5728\u8be5\u671f\u95f4\u5185\u5b58\u5728\u5173\u8054\u5173\u7cfb\u5e76\u53d1\u751f\u5173\u8054\u4ea4\u6613\u7684\u7eb3\u7a0e\u4eba\u3002\u4f01\u4e1a\u4ecd\u5e94\u4fdd\u7559\u76f8\u5173\u8bb0\u5f55\uff0c\u4ee5\u8bc1\u660e\u81ea\u8eab\u4e0d\u5c5e\u4e8e\u7b2c5\u6761\u7684\u9002\u7528\u8303\u56f4\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Phan_chi_phi_lai_vay_vuot_30_EBITDA_co_mat_vinh_vien_khong\"><\/span><b>\u8d85\u8fc730% EBITDA\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\u662f\u5426\u4f1a\u9020\u6210\u6c38\u4e45\u6027\u635f\u5931\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5b83\u4e0d\u4f1a\u7acb\u5373\u6d88\u5931\u3002\u6839\u636e\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3eb\u9879\u89c4\u5b9a\uff0c\u5f53\u4e0b\u4e00\u7eb3\u7a0e\u671f\u7684\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u603b\u989d\u4f4e\u4e8e\u89c4\u5b9a\u9650\u989d\u65f6\uff0c\u4e0d\u53ef\u6263\u9664\u90e8\u5206\u53ef\u4ee5\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u7eb3\u7a0e\u671f\uff0c\u7ed3\u8f6c\u671f\u9650\u81ea\u53d1\u751f\u5e74\u5ea6\u7684\u6b21\u5e74\u8d77\u4e0d\u5f97\u8d85\u8fc75\u5e74\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vay_ngan_hang_thuong_mai_co_lam_phat_sinh_chi_phi_lai_vay_vuot_30_EBITDA_khong\"><\/span><b>\u4ece\u5546\u4e1a\u94f6\u884c\u501f\u6b3e\u662f\u5426\u4f1a\u5bfc\u81f4\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u89c6\u5177\u4f53\u60c5\u51b5\u800c\u5b9a\u3002\u5982\u679c\u653e\u8d37\u7684\u4fe1\u8d37\u673a\u6784\u672a\u53c2\u4e0e\u501f\u6b3e\u4f01\u4e1a\u6216\u62c5\u4fdd\u4f01\u4e1a\u7684\u7ecf\u8425\u7ba1\u7406\u3001\u63a7\u5236\u3001\u51fa\u8d44\u6216\u6295\u8d44\uff0c\u5219\u8be5\u7b14\u8d37\u6b3e\u672c\u8eab\u4e0d\u4f1a\u4ea7\u751f\u5173\u8054\u5173\u7cfb\u3002 \u53cd\u4e4b\uff0c\u5f53\u8d37\u6b3e\u91d1\u989d\u540c\u65f6\u8fbe\u523025%\u7684\u51fa\u8d44\u989d\u95e8\u69db\u548c50%\u7684\u4e2d\u957f\u671f\u8d37\u6b3e\u4f59\u989d\u95e8\u69db\uff0c\u4e14\u5b58\u5728\u5176\u4ed6\u5173\u8054\u56e0\u7d20\u65f6\uff0c\u8be5\u4f01\u4e1a\u5373\u5c5e\u4e8e\u9002\u7528\u8303\u56f4\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nghi_dinh_2552026ND-CP_ap_dung_tu_ky_tinh_thue_nao\"><\/span><b>\u7b2c 255\/2026\/ND-CP \u53f7\u6cd5\u4ee4\u9002\u7528\u4e8e\u54ea\u4e2a\u7eb3\u7a0e\u671f\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8be5\u6cd5\u4ee4\u81ea 2026 \u5e74 7 \u6708 1 \u65e5\u8d77\u751f\u6548\uff0c\u5e76\u9002\u7528\u4e8e 2026 \u5e74\u4f01\u4e1a\u6240\u5f97\u7a0e\u5e74\u5ea6\uff0c\u53d6\u4ee3\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u548c\u7b2c 20\/2025\/ND-CP \u53f7\u6cd5\u4ee4\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doanh_nghiep_dang_chuyen_tiep_chi_phi_lai_vay_theo_Nghi_dinh_202025ND-CP_co_bi_gian_doan_khi_Nghi_dinh_255_co_hieu_luc_khong\"><\/span><b>\u4f01\u4e1a\u76ee\u524d\u6b63\u5728\u6839\u636e\u7b2c20\/2025\/N\u0110-CP\u53f7\u6cd5\u4ee4\u8f6c\u5ac1\u8d37\u6b3e\u5229\u606f\u8d39\u7528\uff0c\u5f53\u7b2c255\u53f7\u6cd5\u4ee4\u751f\u6548\u65f6\uff0c\u8fd9\u4e00\u505a\u6cd5\u662f\u5426\u4f1a\u4e2d\u65ad\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e0d\u3002\u5c5e\u4e8e\u7b2c20\/2025\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7b2c3\u6761\u89c4\u5b9a\u8fc7\u6e21\u60c5\u5f62\u7684\u4f01\u4e1a\uff0c\u5728\u5269\u4f59\u8fc7\u6e21\u671f\u5185\u4ecd\u53ef\u6309\u7167\u8be5\u89c4\u5b9a\u7ee7\u7eed\u4eab\u53d7\u8fc7\u6e21\u5f85\u9047\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Lai_chenh_lech_ty_gia_co_duoc_tru_khi_tinh_chi_phi_lai_vay_thuan_khong\"><\/span><b>\u8ba1\u7b97\u51c0\u5229\u606f\u652f\u51fa\u65f6\uff0c\u6c47\u7387\u6536\u76ca\u53ef\u4ee5\u6263\u9664\u5417\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e0d\u3002\u53ea\u6709\u671f\u95f4\u4ea7\u751f\u7684\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u624d\u80fd\u6309\u7167\u7b2c 16 \u6761\u7b2c 3 \u6b3e a \u9879\u7684\u89c4\u5b9a\u8fdb\u884c\u62b5\u9500\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_am_thi_phan_chi_phi_vuot_nguong_30_EBITDA_xu_ly_the_nao\"><\/span><b>\u5982\u679cEBITDA\u4e3a\u8d1f\u503c\uff0c\u8d85\u51fa30% EBITDA\u9608\u503c\u7684\u90e8\u5206\u5e94\u5982\u4f55\u5904\u7406\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5f53\u7a0e\u524d\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u4e3a\u96f6\u6216\u4e3a\u8d1f\u503c\u65f6\uff0c\u6263\u9664\u9650\u989d\u5df2\u65e0\u5269\u4f59\u7a7a\u95f4\uff0c\u5f53\u671f\u5168\u90e8\u51c0\u5229\u606f\u8d39\u7528\u5c06\u88ab\u5254\u9664\uff0c\u5e76\u6839\u636e\u7b2c16\u6761\u7b2c3\u6b3e\u7b2cb\u9879\u7684\u89c4\u5b9a\u8fdb\u884c\u7ed3\u8f6c\u3002.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t 30% EBITDA ti\u1ebfp t\u1ee5c l\u00e0 n\u1ed9i dung khi\u1ebfn nhi\u1ec1u k\u1ebf to\u00e1n tr\u01b0\u1edfng v\u00e0 CFO l\u00fang t\u00fang nh\u1ea5t khi Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP ch\u00ednh th\u1ee9c thay th\u1ebf Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP v\u00e0 Ngh\u1ecb \u0111\u1ecbnh 20\/2025\/N\u0110-CP k\u1ec3 t\u1eeb ng\u00e0y 01\/7\/2026, \u00e1p d\u1ee5ng ngay t\u1eeb k\u1ef3 t\u00ednh thu\u1ebf thu nh\u1eadp doanh nghi\u1ec7p n\u0103m 2026. 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