A business has sent a question to the Ministry of Finance, questioning the cost policy for calculating corporate income tax (CIT).
The enterprise mentioned the following case: buying goods and services from a supplier with a value of less than 20 million VND but buying many times in the same day, with a total value of 20 million VND or more and paying in cash, will it be counted as a fee that can be deducted when determining corporate income taxable or not.
In addition, from July 1, 2025, with the regulation of the cost threshold from 5 million VND, businesses will also ask similar questions for multiple purchases per day, with a total value of 5 million VND or more and paid in cash.
Regarding this issue, the Hanoi Tax Department responded based on Article 9 of Law No. 67/2025/QH15 dated June 14, 2025 of the National Assembly (effective from October 1, 2025) regulating the amounts of expenditures that are deductible and not subject to deduction when determining taxable income; Pursuant to Clause 1, Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC (amended and supplemented in Clause 2, Article 6 of Circular No. 119/2014/TT-BTC and Article 1 of Circular No. 151/2014/TT-BTC), regulating the amounts of expenditures that are deductible and not subject to deduction when determining taxable income.
Accordingly, in case the company incurs costs for purchasing goods and services, if this expense has full legal invoices and documents and meets the conditions specified in Article 4 of Circular 96/2015/TT-BTC, it will be included in the fee deducted when determining taxable income.
From October 1, 2025, the determination of deductible and non-deductible expenses when determining corporate income subject to corporate income tax will be implemented according to Article 9 of Law No. 67/2025/QH15.
In other words, if the cost has enough legal invoices and documents, it will be deducted from tax, and from October 1, 2025, it will be applied according to the new law.
In the process of implementing tax policies, if there are still problems, businesses need to base on the guidance document and contact the tax authority directly in charge for specific resolution.
