Uk Vietnam Double Tax Agreement

If, before or after this agreement comes into force, Vietnam enters into agreement with another Member State of the Organisation for Economic Co-operation and Development to avoid double taxation and may, in accordance with the provisions of this Convention, impose royalties levied on Vietnam`s territory, but the tax levied may not exceed a percentage of gross licence charges less than that under Article 12, paragraph 2; Second, if you are considered resident in two or more countries, it is important to understand possible tax breaks through double taxation agreements The Comprehensive Agreement (SI1994/3216) came into force on 15 December 1994 and has effect In the following table, countries that have entered into a double taxation agreement with the United Kingdom (status: 23 October 2018). On the UK government`s website, you will find an updated list of active and historic double taxation conventions. 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. If you use the HMRC intranet, you can view the agreement via the “New Contracts/Protocols in Force” link in the sidebar. On HMRC`s website, the search for “Vietnam contracts in force” will provide a link to the agreement. For more information or to contact the company, please email, see or download the company brochure. The text of the tax treaty may If the above proposals are acceptable to the Government of the United Kingdom of Great Britain and Northern Ireland, I have the honour of proposing that this communication and Your Excellency`s response be regarded as an agreement between the two governments on this issue. (d) if he is a national of the two contracting states or of one of those contracting states, the competent authorities of the contracting states resolve the matter by mutual agreement. This agreement does not affect the tax privileges granted to members of diplomatic or permanent missions or consular missions in accordance with the general rules of international law or the provisions of specific agreements. Each double taxation agreement is different, although many follow very similar guidelines, although the details are different. 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.