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VN-Cambodia agreement on double taxation avoidance ratified

The Government has ratified the agreement on double taxation avoidance and income tax evasion prevention between Vietnam and Cambodia.
VN-Cambodia agreement on double taxation avoidance ratified ảnh 1Illustrative image (Source: Internet)


Hanoi (VNA) – The Government has ratified the agreement on double taxationavoidance and income tax evasion prevention between Vietnam and Cambodia.

The Government assigned the Ministry of Finance to coordinate with relevantministries and agencies of Vietnam and Cambodia in implementing the agreement.

The agreement was officially signed on the occasion of the 6th Greater MekongSub-region Summit (GMS) and the 10th Cambodia-Laos-Vietnam Development TriangleArea Summit in Hanoi in late March.

The economic and trade ties between Vietnam and Cambodia have grown in recentyears, with two-way trade hitting 3.8 billion USD in 2017, up 30 percent overthe previous year.

Vietnam is home to 190 investment projects in Cambodia, with a total registeredinvestment of 2.89 billion USD, mainly in agriculture and forestry. As of March20, 2018, Cambodia has 19 projects with a total investment capital of 64.9million USD, ranking 56th among 126 countries and territories investing inVietnam.-VNA

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#Greater Mekong Sub-region Summit#Vietnamplus#Vietnam News Agency#two-way trade#10th Cambodia-Laos-Vietnam Development Triangle Area Summit#agreement on double taxation avoidance#income tax evasion prevention
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