
In this issue:
Decree No. 68/2020 amending and supplementing the method of determining deductible interest expenses in cases enterprises engaged in transfer pricing
- Raising the threshold to control interest expense to 30%;
- Changing the way of determining deductible interest expenses;
- Allowing the transfer of non-deductible interest expenses to the following tax period;
- Allowing determination of deducted interest expenses and submit additional CIT declarations for FY2017 and 2018 according to the amended content.
The tax office is competent to make a record of violations of accounting regulations
- The tax authority has the authority to check and make a record of violations against regulations on accounting;
- However, the tax authority has no authority to sanction but will forward the minutes to other competent authorities to issue a sanctioning decision.
Anti-epidemic Covid-19 expenses
- Are expenses of company such as purchasing masks, hand sanitizer, testing for infectious diseases and paying isolation expenses for employees considered as reasonable expenses when calculating CIT?
- Are the expenses mentioned above subject to PIT?
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