VN, Israel sign double taxation avoidance agreement
Vietnam and Israel have officially
signed an agreement on double taxation avoidance and contraband
prevention targeting taxes levied on earnings and properties.
Vietnam and Israel have officially
signed an agreement on double taxation avoidance and contraband
prevention targeting taxes levied on earnings and properties.
At the signing ceremony on Aug. 4 in Hanoi, Vietnamese Deputy Minister of Finance Tran Xuan Ha and Israeli ambassador to Vietnam Ephraim Ben Matityau concurred that the agreement would create a legal environment for taxation to help investors extend their business activities and investment operations so as to bolster the two countries’ cooperation in trade and investment.
According to figures from the Ministry of Industry and Trade, Vietnam and Israel’s two way trade reached 163 million USD last year. Vietnam has exported shoes, clothes, and agricultural products to Israel and imported hi-tech equipment, chemicals and fertilisers from the country.
Israeli companies have invested in some construction projects in Vietnam such as the Hanoi-based Landmark and the Ho Chi Minh City-based Capital Fund buildings.
Israel currently ranks 60th among 85 countries and territories investing in Vietnam with eight projects and a total in registered capital of nearly 12 million USD./.
At the signing ceremony on Aug. 4 in Hanoi, Vietnamese Deputy Minister of Finance Tran Xuan Ha and Israeli ambassador to Vietnam Ephraim Ben Matityau concurred that the agreement would create a legal environment for taxation to help investors extend their business activities and investment operations so as to bolster the two countries’ cooperation in trade and investment.
According to figures from the Ministry of Industry and Trade, Vietnam and Israel’s two way trade reached 163 million USD last year. Vietnam has exported shoes, clothes, and agricultural products to Israel and imported hi-tech equipment, chemicals and fertilisers from the country.
Israeli companies have invested in some construction projects in Vietnam such as the Hanoi-based Landmark and the Ho Chi Minh City-based Capital Fund buildings.
Israel currently ranks 60th among 85 countries and territories investing in Vietnam with eight projects and a total in registered capital of nearly 12 million USD./.
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