Official letter no. 14061/CT-TT &HT by binh duong tax department on vat for loan interest for the month may 01 and 02 year 2012
From Jan 2012 to Feb 2012, company had borrowed money from the companies other than a credit institution is not subject to VAT as prescribed at Point a, Clause 8, Section II, part A, Circular 129/2008/TT-BTC dated 26/12/2008 by the Ministry of finance. When paying interest, the company print payment voucher and lender also made receipt voucher, based on the receipt or payment voucher the company accounted deductible expenses if the guarantee specified in Clause 1 and Clause 2.15, 6 123/2012/TT-BTC Circular dated 07.27.2012 by the Ministry of finance.
