Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

International Relations

HOME > International Relations


Macao, Vietnam sign agreement to avoid double taxation, prevent tax evasion

April 17, 2018


Abstract : An agreement was signed between China's Macao Special Administrative Region (SAR) and Vietnam to avoid double taxation as well as prevent tax evasion, according to a press release by the Macao SAR's financial service department on Monday.

税务

MACAO, April 17 (Xinhua) -- An agreement was signed between China's Macao Special Administrative Region (SAR) and Vietnam to avoid double taxation as well as prevent tax evasion, according to a press release by the Macao SAR's financial service department on Monday.

The agreement, signed by Macao SAR Secretary for Economy and Finance Leong Vai Tac and Vietnamese Deputy Finance Minister Do Hoang Anh Tuan, aims at preventing the two governments from simultaneously taxing the same incomes received by residents in the two territories.

Leong said that besides taxation cooperation, the Macao SAR is looking forward to deepening bilateral cooperation with Vietnam in such sectors as trade, tourism and education.

The signing of the agreement was of great importance in increasing fiscal transparency and preventing double taxation, and providing better conditions for developing economic and trade cooperation between the two sides, he added.


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial