Vietnam, Palestine sign double tax avoidance agreement

November 07, 2013 | 08:52

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Vietnam and Palestine signed an agreement on double tax avoidance and prevention of tax evasion on income and assets, on November 6, with a view to enhancing trade and investment cooperation.

The signatories to the agreement included Deputy Finance Minister Truong Chi Chung and Palestine Ambassador to Vietnam Saadi M.H.Salama.

Ambassador Chung described the signing as a contribution to boosting bilateral cooperation across a variety of fields. He hoped the newly agreed clear-cut legal taxation system, would improve investment and business between the two countries.

He congratulated both sides on their successful cooperation and hoped that the collaboration between the two governments will continue to grow and flourish in the future.

In response, the Palestinian diplomat highlighted the signing of the agreement as an significant event demonstrating the time-honored friendship between Vietnam and Palestine.

The agreement will provide a firm legal foundation for both nations to foster economic and trade links as well as all-round productive and substantial cooperation, Salama said.

VOV

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