Official Letter No. 195/CCTKV13-QLDN3, dated 25 March 2025, regarding the determination of related-party relationships and deductible interest expenses

Based on the above provisions, as of 2024, if the total loans carried over from 2023 and the additional loans in 2024 equal at least 10% of the owner's capital contribution as stipulated in Clause 2, Article 5 of Decree No. 132/2020/ND-CP, the company is considered to have a related-party relationship with the owner. The determination of the total deductible interest expenses when calculating taxable corporate income for businesses with related-party transactions shall be carried out in accordance with the provisions of Clause 3, Article 16 of Decree No.132/2020/ND-CP.

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