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Vietnam, Turkey ink double tax avoidance agreement

(VOV) – The Ministry of Finance spearheaded negotiations with the Turkish Government during a recent working visit to the Middle Eastern country from July 6-9, and signing  a double tax avoidance agreement.

They also signed agreements providing for cooperation in customs and financial management.

At a working session with Turkey’s Deputy Finance Minister Abdullah Erden Cantimur, Deputy Minister Do Hoang Anh Tuan highlighted Turkey’s impressive economic accomplishments, especially in the field of financial management.

Tuan underscored the fact that the double taxation of profits will help boost the expansion of cooperation between the two nations and reassured his host that Vietnam is a reliable partner.

After signing the agreement, Tuan expressed hope that Turkey will create favourable conditions for the signing of other economic agreements soon. Deputy Minister Tuan also extended an invitation to visit Vietnam on behalf of Vietnam’s Finance Minister Dinh Tien Dung to Turkish Finance Minister Mehmet Simse.

For his part, Finance Minister Cantimur spoke highly of the recent signing of an investment encouragement and protection agreement and a cooperative document bysmall and medium-sized enterprises (SMEs) of both nations.

He affirmed that the signing of the double tax avoidance agreement is of great significance and will bring benefits to businesses of both nations, especially in the context of the rapid development of information technology.

Later, the host and guest officially signed the double tax avoidance agreement it the witness of Vietnamese ambassador to Turkey Nguyen The Cuong and representatives from Ministries of Finance of both nations.


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