Official letter No.2511/TCT-CS dated 06 august 2013 of GDT in guidance of CIT for loan interest of private enterprise
According to official letter No.2511/TCT-CS:
For Limited, JSC, Partnership companies: the registered capital is charter capital; for private enterprise: the registered capital is investment capital.
In case, a private enterprise arises loan interest matched to the lacked registered investment capital, the paid interest will not be included in deductible expense when CIT is determined
If a private enterprise contributes full capital and enterprises borrow the capital for business and production activities as well as have full vouchers as regulations, the paid interest will be included in deductible expense when CIT is determined
