In 2014, in accordance with Government Decree No. 218/2013/ND-CP dated December 26, 2013, and Circular No. 78/2014/TT-BTC dated June 18, 2014, of the Ministry of Finance, interest payments on loans used for investment in other businesses were not deductible when determining corporate income tax from business operations during the period. The interest expense payable in 2014 was included in the cost of goods sold when determining corporate income tax from capital transfer activities.
Since 2015, interest payments on loans used for investment in other businesses have been made in accordance with the regulations stipulated in Government Decree No. 12/2015/ND-CP dated February 12, 2015, and Circular No. 96/2015/TT-BTC dated June 22, 2015, of the Ministry of Finance.
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