The material for this article is taken from the October 2011 issue of Vietnam Briefing Magazine entitled “Vietnam`s International Taxation Agreements,” available for PDF download in asia Briefing Bookstore. In this issue, we insert Vietnam`s free trade agreements and the importance of avoiding double taxation for Vietnam`s investments. The provisions of this paragraph do not affect the corporation`s taxation on the profits on which the dividends are paid. Access to a library of resources from Vietnam`s current trade agreements, including DBAs and bilateral investment agreements, is available here. It is therefore extremely interesting for foreign investors to be aware of the existing double taxation prevention agreements (DBAA) between Vietnam and different countries, as well as the implementation of these agreements. These contracts effectively eliminate double taxation by imposing exemptions or reducing taxes liability in Vietnam. At the time of the signing of the agreement between the Government of Canada and the Government of the Socialist Republic of Vietnam to avoid double taxation and prevent income tax evasion, the signatories agreed that the following provisions are an integral part of the convention. For more information or to contact the company, please email firstname.lastname@example.org, see www.dezshira.com or download the company brochure. IN THE PERSPECTIVE to reach an agreement to avoid double taxation and avoid income tax evasion, May 16 – With respect to international trade, each country`s tax systems often put global investors in an unfavourable position to deal with redundant income taxes, i.e. double taxes.
For example, a company may be taxed in its country of residence and in countries where it generates income through foreign investment in the provision of goods and services. Personal income Residents of countries with a DTAA with Vietnam who earn income in Vietnam are required to pay income taxes in accordance with Vietnamese income tax legislation. However, these residents may be exempt from taxation if they meet all the following conditions: Income from technical services Vietnam may tax income from dividends, interest and royalties from technical services.