Viet Nam and Oman signed an agreement on double taxation avoidance and income tax evasion prevention in Ha Noi on April 18.
The agreement was signed by Vietnamese Finance Minister Vu Van Ninh and Omani Economy Minister Ahmed Macki in the witness of Permanent Deputy Prime Minister Nguyen Sinh Hung.
It is the first of its kind between Viet Nam and a Middle Eastern country, said the Finance Ministry.
The signing will create favorable conditions to support stronger economic and investment relations between Viet Nam, Oman and the Middle East region.
It is hopeed to ensure Viet Nam’s preferable tax system for foreign investment.
The agreement follows the recent establishment of a common investment fund of Viet Nam and Oman.
Viet Nam has so far signed double taxation avoidance agreements with 49 countries and territories.
