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: the list of countries with which Malaysia has a double taxation agreement (DTT): Vietnam has entered into a significant number of double taxation contracts (“DBA”). These contracts effectively eliminate double taxation by imposing exemptions or reducing taxes liability in Vietnam. Since March 2016, Vietnam has signed double taxation agreements with more than 60 countries, including G8 countries, including France, the United Kingdom, Canada, Germany, Italy and Japan. On 21 August, Turkey and Singapore ratified a bilateral free trade agreement. This agreement covers a large number of… 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. On 10 March 2017, the Singapore government signed an agreement on the exchange of tax information on the OECD model… Access to a library of resources from Vietnam`s current trade agreements, including DBAs and bilateral investment agreements, is available here.

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. If there is a direct conflict between national tax laws and the tax provisions of a DBAA, they will predominate in the DBAA. 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.