The official letter no. 1932/TCT-CS dated 11 june 2013 of gdt in guidance of FCT for foreign organizations’ loan interests
The official letter No. 1932/TCT-CS states that:
If an enterprise has a loan agreement with a foreign bank and the determination of interest payment of the loan contract is complied with regulations of Law, the paid loan interests are not subject to VAT but subject to CIT under regulations of Circular No. 60/2012/TT-BTC.
If the enterprise has declared, paid VAT on behalf of the foreign bank for the loan interests, the enterprise will be deducted and refunded the paid amount or minus the payable tax amount in the next tax payment.
