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.
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The Government assigned the Ministry of Finance to coordinate with relevant ministries and agencies of Vietnam and Cambodia in implementing the agreement.
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| Illustrative image. (Photo: VNA) |
The agreement was officially signed on the occasion of the 6th Greater Mekong Sub-region Summit (GMS) and the 10th Cambodia-Laos-Vietnam Development Triangle Area Summit in Ha Noi in late March.
The economic and trade ties between Vietnam and Cambodia have grown in recent years, with two-way trade hitting 3.8 billion USD in 2017, up 30 percent over the previous year.
Vietnam is home to 190 investment projects in Cambodia, with a total registered investment of 2.89 billion USD, mainly in agriculture and forestry. As of March 20, 2018, Cambodia has 19 projects with a total investment capital of 64.9 million USD, ranking 56th among 126 countries and territories investing in Vietnam.
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(Source: VNA)
