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. 4. The competent authorities of the contracting states may communicate directly with each other in order to reach an agreement in accordance with the above clauses. 2. The competent authority endeavours to resolve the matter by mutual agreement with the competent authority of the other contracting State where the objection appears to be well founded and is unable to find an appropriate solution to resolve the matter by mutual agreement with the competent authority of the other contracting State, in order to avoid taxation that is not in accordance with the agreement. Any agreement reached will be implemented in the domestic law of the States Parties, regardless of the time frame. (b) in the event that one or more agreements to avoid double taxation are signed after 30.07.1992 between Vietnam and one or more European Economic Community (EEC) states, involve one or more provisions similar or identical to those covered in Article 24 of the organisation for economic co-operation and development (OECD) tax treaty sample. , Vietnam accepts the most appropriate treatment by applying one or more such automatic provisions to citizens, businesses or residents, such as citizens, businesses or residents of that Member State.
3. The competent authorities of the contracting states work together to resolve by mutual agreement any difficulty or doubt as to the application of the Convention. They can also agree on the elimination of double taxation in cases under the convention. Access to a library of resources from Vietnam`s current trade agreements, including DBAs and bilateral investment agreements, is available here. 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. 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. 1.
This agreement may also be applied to extend to the necessary supplements the overseas territories and other territorial units of the French Republic collecting taxes bearing trademarks similar to those in force in this agreement. The implementation of this enlargement will come into force from the date of a general agreement reached between the two States through the exchange of diplomatic notes or other procedures in accordance with the constitutional provisions of the two States. The agreement also provides that, as far as possible, the necessary changes to the agreement and the conditions for implementing the agreement apply in the overseas territories and other territorial units in which the agreement applies with enlargement. Agreements between Vietnam and Spain aimed at avoiding double taxation and preventing income tax evasion.