Official letter no. 17164/BTC-TCT issued on 11 december 2012 by mof about vat for loan interest of organizations, individuals which are not credit institutions.
Clause 4, Article 3, Chapter I of Decree No. 123/2008/ND-CP dated 8 Dec 2008 by the Government detailing and guiding a number of articles of the Law on Value Added Tax (VAT) in 2008 stipulates that
Services of credit institutions such as loans; discount of transfer instruments and other valuable papers; guarantee; financial leasing and other forms of credit as prescribed by law which are provided by financial and credit institutions in Vietnam are not subject to VAT.
