Headlines 08/01/2014 08:39 SA

Instructions on avoiding double taxation on incomes

Minh Tùng

From February 06, 2014, many instructions on the implementation of Double Taxation Agreements and prevention fiscal evasion with respect to taxes on income and property will apply.
- If a person has a regular residence in Vietnam but is present in Vietnam for fewer than 183 days in the fiscal year without being able to prove himself a resident of a particular country, that person shall be deemed a resident of Vietnam.

- When a resident of a contracting State derives an income from the use or lease of real estate in Vietnam, a tax on such income shall be paid in Vietnam.

- When a resident receives a dividend on which income tax, by Vietnam’s law, is not levied or is levied at a lower rate than that prescribed in the Agreement, Vietnam’s law shall apply.

Other significant instructions are provided in the Circular No. 205/2013/TT-BTC .
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