Deputy Prime Minister Pham Binh Minh has signed a decision approving the project on reviewing and evaluating the effectiveness of double taxation avoidance agreements, their impacts on Vietnam’s tax policy space and adjustment orientations. The project aims to perfect the policy on negotiating and signing agreements on double taxation avoidance in accordance with Vietnam’s economic development trend, approach international advanced standards and harmonize with international commitments so as to ensure synchronization, consistency, publicity and transparency.

The strategy of negotiating double taxation avoidance agreements in Vietnam’s current economic integration process aims at not only attracting foreign direct investment, but also encouraging and supporting Vietnamese businesses to invest abroad, bringing maximum benefits to Vietnam in the division of taxation rights between Vietnam and signatories of agreements.

The project evaluates the effectiveness of Vietnam’s agreement negotiations and all double taxation avoidance deals that Vietnam has signed since 1992, and proposes a new negotiation strategy consistent with the actual situation and international practices.

Source: VOV5