Threshold on deductible interest expense of enterprises with related party transactions for CIT calculation

On 14 July 2020, the General Department of Taxation issued Official Letter No. 2835/TCT-TTKT guiding the implementation of Decree No. 68/2020/ND-CP ("Decree 68") regarding the application of the threshold on deductible interest expense of enterprises with related party transactions for corporate income tax ("CIT") calculation purpose. Detail as following: