To determine the taxable profit beginning with the fiscal year 2010, interest rate for foreign currency loans is 6%. This percentage limitation applies only to non-bank loans interest denominated in foreign currency. Prior to this change, the interest rate was 8%.
Important! If you have already calculated and recorded non-bank interest rates for loans received in 2010, you have to reconsider the deductible interest registered.
Thus, the difference of 2% should be considered additional indeductible expense in calculating the taxes since the first quarter of 2010.
© 2024 Contexpert Consulting SRL. All rights reserved.
For comments and / or suggestions please visit our Contactpage.