This Decision approves the Agreement between the Government of Vietnam and the Government of Sri Lanka on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income. The Agreement was signed on October 26, 2005, in Hanoi.
Key points
- The Government of Vietnam and the Government of Sri Lanka have signed the Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income.
🌐 Social impact of this document
- Positive impact: Helps reduce double taxation, strengthens international cooperation in combating tax evasion, creates a favorable investment environment.
- Negative impact: May cause difficulties for businesses in complying with new regulations on the avoidance of double taxation.
❓ Frequently asked questions
To which types of taxes does this Agreement apply?
The Agreement applies to taxes on income, including corporate income tax and personal income tax.
When does the Agreement come into effect?
The date of entry into force of the Agreement will be announced after the Ministry of Foreign Affairs completes the necessary diplomatic procedures regarding its approval, registration, and notification to relevant agencies in our country.
Who are the signatories to the Agreement?
The signatories to the Agreement are the Government of the Socialist Republic of Vietnam and the Government of the Democratic Socialist Republic of Sri Lanka.
Which authority implements the approval of this Agreement?
The approval of the Agreement is implemented by the Prime Minister through Decision No. 152/2006/QĐ-TTg.
What responsibilities does the Ministry of Foreign Affairs have in implementing this Agreement?
The Ministry of Foreign Affairs is responsible for completing the necessary diplomatic procedures regarding the approval, registration, and notification to relevant agencies in our country of the date of entry into force of the Agreement.
Full text
STATE
Pursuant to …;
Approving the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Democratic Socialist Republic of Sri Lanka on
Avoiding Double Taxation and Preventing Fiscal Evasion with Respect to Taxes on Income
Pursuant to the Law on the Ratification, Accession, and Implementation of International Treaties of the Socialist Republic of Vietnam dated June 14, 2005; Considering the proposal of the Minister of Finance.
______________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Approves the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Democratic Socialist Republic of Sri Lanka on Avoiding Double Taxation and Preventing Fiscal Evasion with Respect to Taxes on Income signed in Hanoi (Vietnam) on October 26, 2005.
The Ministry of Foreign Affairs shall handle diplomatic procedures for the approval, registration, and notification to relevant agencies of the date when the above Agreement comes into effect./.
Pursuant to …;
Article 1. Approve the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Democratic Socialist Republic of Sri Lanka on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income signed in Hanoi (Vietnam) on October 26, 2005.
Article 2. The Ministry of Foreign Affairs shall handle external procedures for approval, registration, and notification to relevant agencies in our country regarding the date the Agreement above comes into effect./.
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: