Official letter 1783/CTBNI-TTHT about CIT policy:
Pursuant to the above provisions, in the case in the tax period that the Company generates a revenue from deposit interest lower than the payment of loan interest as prescribed, the Company shall offset the income from deposit interest. With the loan interest payments as prescribed, after clearing, the remaining difference is deducted from the main production and business income when determining taxable income, according to the provisions of Clause 7 Article 7 of Circular No. 78/2014/TT-BTC dated 18 June 2014 of the Ministry of Finance.
In case the Company additionally declares the CIT return, leading to the arising of the CIT amount resulting in the overpaid CIT amount, the Company shall offset or request a refund of the overpaid tax according to the instructions. in Clauses 1 and 2, Article 25 of Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance
