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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Illustrative image (Source: Internet)
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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 Hanoi in late March.
The economic and trade ties between Vietnam and Cambodia have grown in recent years, with two-way trade hitting US$3.8 billion in 2017, up 30% over the previous year.
Vietnam is home to 190 investment projects in Cambodia, with a total registered investment of US$2.89 billion, mainly in agriculture and forestry. As of March 20, 2018, Cambodia has 19 projects with a total investment capital of US$64.9 million, ranking 56th among 126 countries and territories investing in Vietnam.
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