VN-Iran double tax avoidance Agreement signed

Source: Pano feed

VGP – The Government has approved a double tax avoidance Agreement with Iran. The Ministry of Foreign Affairs is assigned to complete diplomatic procedures as regulated and announce the Agreement’s date of validity.

As of July 15, 2014, Viet Nam inked double tax avoidance agreements with 69 countries and territories around the world.

Accordingly, residents of contracting nations are taxed at a reduced rate or are exempt from Vietnamese taxes on income or gains they receive from Vietnamese sources.

These reduced rates and exemptions vary among countries and specific items of income. Meanwhile, Vietnamese residents or citizens are taxed at a lower rate or are exempt from foreign taxes on income or gains they receive from foreign countries.

The treaties also form legal frameworks facilitating cooperation among taxation agencies of contracting countries to prevent tax evasion.

By Thuy Dung

Đăng ký: VietNam News