Lat­vian companies in Viet­nam to be pro­vided with sta­ble tax pay­ment regime

Baltic News Network - - News -

Lat­vian busi­nesses work­ing in Viet­nam are to be pro­vided with a sta­ble tax-pay­ment regime that will not be sub­ject to amend­ments of Viet­nam’s reg­u­la­tions.

This is pro­vided by Lat­vian Saeima’s con­cep­tu­ally sup­ported leg­isla­tive draft, with which it is planned to rat­ify Lat­vian-Viet­namese agree­ment on preven­tion of dou­ble tax­a­tion of PIT, as con­firmed by Saeima’s press-ser­vice.

The goal of the agree­ment is pre­vent­ing tax avoid­ance as well. This doc­u­ment will form the foun­da­tion for co­op­er­a­tion and reg­u­lar ex­change of in­for­ma­tion be­tween Lat­vian and Viet­namese tax ad­min­is­tra­tions.

Un­til now ex­change of in­for­ma­tion has been dif­fi­cult due to different tax reg­u­la­tions in the two coun­tries.

Fol­low­ing the rat­i­fi­ca­tion of the agree­ment will en­sure more sta­ble tax regimes in both coun­tries when it comes to cor­po­rate in­come, div­i­dends, in­ter­est, roy­al­ties and pay­ment for tech­ni­cal ser­vices.


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