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Vietnam Considering Amendments to Interest Deduction Restriction

|Proposed Changes|Vietnam
Vietnam

According to recent reports, the Vietnam Ministry of Finance is considering proposed amendments to the country's interest expense deduction restriction. The restriction, which took effect 1 May 2017, includes that the deduction of interest expense for a particular year may not exceed 20% of EBITDA, which applies for all taxpayers, except those subject to the Law on Credit Institutions and the I…

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