Double Tax Agreement Thailand Vietnam


The CTF, which applied conditions to a foreign lender, is 5%. Interest on loans prior to 1999 may be exempt from CTF. Offshore loans granted by certain public or parapublic institutions may benefit from an exemption from FCT interest if a double taxation agreement (DBA) or intergovernmental agreement (IGA) applies. 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. Agreement between the Government of the Russian Federation and the Government of the Republic of Albania to avoid double taxation on income and capital taxes If there is a direct conflict between national tax laws and tax rules in a DBAA, those of the DBAA will prevail. However, national tax legislation prevails when the tax obligations contained in the DBAA do not exist in Vietnam or when the tax rates of the agreement are higher than national rates. For example, if a signatory country has the right to impose a tax that does not recognize Vietnam, then Vietnamese tax laws apply. For more information or to contact the company, please email, see or download the company brochure.

With regard to taxes paid in Vietnam, the double taxation contract between Vietnam and Thailand provides for the facilitation of double taxation by tax abatement on the amount of income compensation paid to Vietnam (the amount of credit granted is however limited to the amount of Thai income tax payable). 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. May 16 – In international trade, the tax systems of individual countries often place global investors at a disadvantage to expect redundant taxes on their income, 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. Previous article – Vietnam provides regulatory updates on foreign retailers . . . The above-mentioned FCT rates may be influenced by a relevant DBA. .

Effective date: January 1, 2004 (Russia); July 1, 2004 (Australia) Foreign contractors may request that the Vietnamese accounting system be acquired in Derasten. If the accounting documents are reasonable, the foreign contractor pays CIT on actual profits, but otherwise on the basis of a performance-based profit. . . . Investors whose PEs are authorized to trade in Vietnam are subject to Vietnam`s corporate tax laws.

Comments are closed.