Tax Agreement between Vietnam and Malta implemented from 1 January 2017

14:38 | 26/12/2016 Regulations Follow english.haiquanonline.com.vn on

VCN - The General Department of Taxation has sent a Dispatch to Taxation Departments in the provinces and central run cities to announce the effect of the tax agreement between Vietnam and Malta.

	The Customs upgrades the tax accounting system
	Charging for late payment is not the form of administrative sanction
	The Tax sector continues to develop the applications to satisfy the new tax management process

tax agreement between vietnam and malta implemented from 1 january 2017

Vietnam has signed many agreements for the avoidance of double taxation with many countries,

The General Department of Taxation notified Taxation Departments in provinces and tax payers that the Tax Agreement between Vietnam and Malta will be officially applied from 1 January 2017 in the both countries. Thus, the General Department of Taxation reminded the Taxation Departments to deploy in accordance with the provisions on effect to prevent the errors.

It is acknowledged that, the Agreement between the Government of Socialist Republic of Vietnam and Government of Malta for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income signed on 15 July 2016 in Ulanbato. The Agreement took effect from 25 November, 2016

By Thuy Linh/ Huyen Trang

Tags:

tax agreement fiscal evasion double taxation Malta Vietnam dispatch General Department of Taxation

Related News

Vietnam is ready to welcome a new wave of investment in the semiconductor industry

16:08 | 15/05/2024 Headlines

VCN - Deputy Minister of Planning and Investment Tran Duy Dong (Photo) gave an interview to Customs Magazine about Vietnam's preparations to attract FDI into the semiconductor industry.

Opportunities for Vietnam to participate in the global semiconductor industry value chain

11:34 | 15/05/2024 Import-Export

VCN - The global chip race is heating up, and Vietnam has a unique opportunity to assert itself as one of the participants in the semiconductor industry value chain.

Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

14:58 | 10/05/2024 Import-Export

VCN - HCM City led the nation in exports. In order to get this result, in addition to the market's recovery signal, there are also the efforts of businesses to overcome difficulties.

What to do to develop Vietnam's creative economy?

10:06 | 11/05/2024 Headlines

VCN - According to MSc. Nguyen Anh Duong (photo), Director of the Department for General Economic Issues and Integration Studies under the Central Institute for Economic Management (CIEM), to develop the creative economy in Vietnam, it is necessary to first improve the institutional framework and policies to create a legal framework suitable for the development of the creative economy, creative industries and culture, and creative cultural markets.

Latest News

E-commerce frauds require utmost in attention from regulators

20:07 | 18/05/2024 Regulations

Great efforts have been made to combat counterfeit goods and trade fraud products on e-commerce channels as online shopping has become increasingly popular for many people amid booming e-commerce activities.

Is animal feed containing Formic Acid precursors "helpless" in management?

16:09 | 15/05/2024 Regulations

VCN - According to regulations, import activities of precursors must be controlled from raw materials to final products. However, there are some items containing precursors that have management inadequacies and it is not clear which sector is responsible for?

Businesses and people expect VAT cut extension to be approved

17:06 | 13/05/2024 Regulations

People and businesses are looking forward to the Government's proposal on extending VAT reduction in the last six months being considered and approved by the National Assembly.

Proposal to continue reducing VAT by 2% to support people and businesses

08:16 | 12/05/2024 Regulations

In the first 4 months of 2024, Vietnam's economy achieved a higher growth rate than the same period of 2020-2023. However, the difficulties of the economy are still great, the recovery of the business community is still slow. Therefore, the Government has just submitted a proposal to the National Assembly for consideration, allowing to the continued implementation of the policy of reducing the value-added tax (VAT) rate by 2% for a number of groups of goods and services that are being subjected to VAT rate of 10% in the last 6 months of 2024. This is a support policy that is bringing many practical effects to people and businesses.

More News

Research and correct customs supervision processes at international airports

10:05 | 11/05/2024 Regulations

VCN - To continue to improve professional processes related to customs inspection and supervision, General Department of Vietnam Customs has drafted a decision to amend Decision No. 3280/QD-TCHQ dated September 30, 2016 on the inspection and supervision process for luggage of people on exit and entry; customs supervision activities at international airports.

Small, low-value items imported on e-commerce platforms should be taxed

14:43 | 09/05/2024 Regulations

Millions of packages of small, low-value items that are crossing the border into Vietnam daily should be subjected to VAT, special consumption and environmental taxes, according to industry experts and domestic e-commerce sellers.

Customs finds difficulties because there is no e-cigarette management policy

09:56 | 09/05/2024 Regulations

VCN - E-cigarette products are invading and being used more and more commonly in our country, especially among young people, teenagers, and students. Meanwhile, there is currently no management policy for this item, making it difficult for Customs to determine violations and apply sanctions.

Are goods imported on-spot for export production eligible for tax refund?

09:32 | 08/05/2024 Regulations

VCN - That is a problem of the Binh Duong Customs Department related to the process of handling tax refunds for goods imported to produce exported goods and exported by Thai Binh Investment Joint Stock Company.

Risk prevention solutions for export processing and production enterprises

09:12 | 07/05/2024 Regulations

VCN - Identifying common errors to comply with regulations, prevent risks, and limit mistakes arising in preparing final settlement reports is an issue which many export processing and production enterprises concern.

Conditions for price reduction of imported goods

15:38 | 06/05/2024 Regulations

VCN - To meet the price reduction conditions, the documents, sales contracts, and price reduction agreements must state the reason for the price reduction.

Circular 83/2014/TT-BTC will be abolished from June 8

14:29 | 06/05/2024 Regulations

VCN - On April 23, the Minister of Finance issued Circular 25/2024/TT-BTC on abolishing Circular 83/2014/TT-BTC guiding the implementation of Value Added Tax (VAT) under Vietnam's Nomenclature of imports. Accordingly, Circular 83/2014/TT-BTC will be abolished from June 8, 2024.

Proposal to continue reducing VAT by 2% in the last 6 months of 2024

10:35 | 05/05/2024 Regulations

VCN - The Government has just submitted a proposal to the National Assembly to consider and allow the continued implementation of the policy of reducing Value Added Tax (VAT) by 2% for a number of groups of goods and services that are currently subject to a VAT rate of 10% in the last 6 months of 2024 (from July 1, 2024 to December 31, 2024). According to the Government's calculations, applying the policy of reducing the VAT rate by 2% for the last 6 months of 2024 reduces revenue by about 24 trillion VND.

Seafood exporters are worried about some inadequacies from the two new decrees

06:47 | 30/04/2024 Regulations

VCN - From May 2024, two new Government decrees directly related to the enforcement of fisheries laws by seafood exporting enterprises will take effect, but have inadequate contents, makes businesses worried.

Your care

Latest Most read