08:21 | 29/08/2018 VGP – The Government has approved the Agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income between the Governments of Viet Nam and the Macao Special Administrative Region of China. The Government has assigned the Ministry of Finance to host and coordinate with relevant agencies to launch the Agreement. The Ministry of Foreign Affairs is tasked to complete diplomatic procedures, announce and deposit the Agreement as regulated. By Thuy Dung … [Read more...] about Agreement on avoidance of double taxation with Macao ratified
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Government approves double taxation avoidance pact with Macau
Illustrative image (Source: Investopedia) Hanoi (VNA) – The Government has approved an agreement between Vietnam and China’s Macau Special Administrative Region on the avoidance of double taxation and prevention of income tax evasion. The Government assigned the Ministry of Finance to chair and coordinate the two sides’ relevant agencies to implement the pact. The Ministry of Foreign Affairs is thereby responsible for completing external procedures, as well as making announcements of and keeping a legal copyright of the agreement as stipulated. –VNA … [Read more...] about Government approves double taxation avoidance pact with Macau
Brazil, Singapore ink double taxation avoidance deal
Singaporean Minister of Foreign Affairs Vivian Balakrishnan (R) and Brazilian counterpart Aloysio Nunes Ferreira after the signing of the Avoidance of Double Taxation Agreement on May 7, 2018 (Source: www.straitstimes.com) Buenos Aires (VNA) – Brazil and Singapore have signed a double taxation avoidance agreement and are considering the possibility of signing a free trade agreement (FTA) between Singapore and Mercosur, the South America trade bloc. According to a statement released by the Brazilian Ministry of Foreign Affairs on May 8, the agreement was inked by Singaporean Minister of Foreign Affairs Vivian Balakrishnan and his Brazilian counterpart Aloysio Nunes Ferreira. The deal aims to prevent tax evasion and taxes paid twice on the same source of income of people staying in the two countries as well as foster bilateral investment. In a meeting held in Singapore, the foreign ministers underlined the development of bilateral trade cooperation in recent years. They … [Read more...] about Brazil, Singapore ink double taxation avoidance deal
Vietnam, China’s Macau ink double taxation avoidance pact
An agreement was inked between Vietnam and China’s Macau Special Administrative Region (SAR) to avoid double taxation as well as prevent tax evasion, according to a press release by the Macau SAR’s financial service department on April 16. Vietnam and Macau ink agreement to avoid double taxation as well as prevent tax evasion - Photo: Kiplinger The pact was signed by Vietnamese Deputy Minister of Finance Do Hoang Anh Tuan and Macao SAR Secretary for Economy and Finance Leong Vai Tac. It aims at preventing the two governments from simultaneously taxing the same incomes received by residents in the two territories. Theo VNA … [Read more...] about Vietnam, China’s Macau ink double taxation avoidance pact
Double Taxation Avoidance Agreement between Viet Nam and Hong Kong
The seminar was aimed at introducing regulations on the agreement in order to help Vietnamese and Hongkongese enterprises prepare and know clearly about the aforementioned agreement prior to the agreement coming into effect, bringing real benefit to enterprise community in the two sides. The double taxation avoidance agreement and the agreement on preventing taxation evasion with income-related taxes were signed between Viet Nam and the Hong Kong Special Administrative Region on December 16, 2008 in Ha Noi and will come into effect on January 1, 2010. Enterprises and people in the two sides will benefit once the agreements come into effect. Accordingly, if Vietnamese and Hongkongese enterprises and people pay taxes for their incomes and profit that they earned in Viet Nam or Hong Kong to the state budget of Viet Nam or Hong Kong, respectively, tariffs that they must pay to their mother countries will be deducted. The agreement was signed in order to foster the trade and investment … [Read more...] about Double Taxation Avoidance Agreement between Viet Nam and Hong Kong