Official letter 57306/CTHN-TTHT about tax policy for bank deposit interest:
Pursuant to the above provisions, the CIT law does not stipulate the determination of the income expected to be collected but not actually incurred, which is included in the taxable income in the tax period. In case Sun Asterisk Vietnam Co., Ltd. actually generates income from interest on bank deposits, this income shall be included in the taxable income of the actual tax period where the income is generated according to the guidance in Clause 7 of this Article. 7 Circular No. 78/2014/TT-BTC dated 18/6/2014 of the Ministry of Finance mentioned above.
