Library

Dispatch 17164/BTC-TCT on taxation the loan interest

Profit from lending activities of organizations and individuals which are not credit institutions will not have to pay VAT.

That is the guidance of the Ministry of Finance in Dispatch 17164/BTC-TCT issued on December 11th 2012.

Accordingly, the Ministry has identified the above lending activities are credit services.

This service is one of the subjects that are exempt from tax under the provisions in Paragraph 8, Article 5 of the Law on value added tax.

Dispatch takes effect from the date of issuance.

Tuan Nguyen

Recent Posts

Arbitration in Vietnam: 7 Realities Foreign Companies Must Get Right

Foreign companies doing business in Vietnam increasingly use arbitration to resolve commercial disputes outside the…

2 days ago

4 Legal Problems with Digital Products in an MLM Model in Vietnam

Many businesses today do sell only products. They may also include digital content, app access,…

2 weeks ago

7 Risk Signs in an MLM Model in Vietnam That Businesses Should Review

For a long time, many businesses have thought that the main legal challenge in multi…

2 weeks ago

What Decree 137/2026 on Multi Level Marketing Regulation in Vietnam Means for MLM Businesses

Vietnam has issued Decree 137/2026 on multi level marketing, effective from July 1, 2026. This…

2 weeks ago

Contract Disputes in Vietnam: 8 Business Risks Foreign Companies Must Control

Foreign companies often believe they have a strong case against a Vietnamese counter-party. Yet they…

2 weeks ago

Buy Property in Vietnam as a Foreigner: 7 Legal Mistakes That Buyers Must Avoid

Quick Reference to Buy Property in Vietnam Foreign individuals permitted to enter Vietnam may buy…

3 weeks ago

This website uses cookies.