Official letter no. 1270/TCT-TNCN dated april 18th 2013 by gdt guiding on pit for personal loan interest
According to the guidance in the official letter 1270/TCT-TNCN:
From January 01st 2009, interests that the company pays to the individual being the income from capital investment is subject to PIT. The Company will deduct PIT before paying all the interests to the individual
If the Company converts all the interests above into long-term loans, the Company will deduct PIT before converting interest into long term loan.
