Information from the Tax Department said that on November 28, Vietnam and Angola signed a Minutes of negotiation for Round 1 of the Agreement on avoiding double taxation. This is the result after 3 days of active work, from November 25 to 27 in Hanoi.
Within the framework of negotiations, the two sides reviewed all provisions of the draft Tax Agreement, discussed in depth the technical contents, approaches to international tax policies, as well as necessary issues to ensure that the Agreement when signed will be consistent with international practices and compatible with the laws of each country.
All provisions in the draft Agreement have been discussed by the two delegations, with many contents reaching high consensus. Regarding some unresolved issues, the two sides agreed to continue to include in the squares for further study and will continue to discuss in the next round of negotiations.
Speaking at the closing session, Deputy Director of the Vietnam Tax Department Dang Ngoc Minh, Head of the Vietnamese negotiation delegation, highly appreciated the goodwill and close cooperation of the Angola delegation. He emphasized that the results of the first round of negotiations have created an important foundation to promote the progress of the Agreement, contributing to the completion of the tax legal framework between the two countries, thereby supporting the promotion of bilateral trade and investment in the coming time.
During the three working days, the two delegations demonstrated a very professional, receptive and responsible spirit of cooperation. I highly appreciate the careful preparation and active participation of the Angola delegation in each discussion session - Deputy Director Dang Ngoc Minh emphasized.
Representing the Angola side, Ms. Faustina Marisa Cardoso Neto - Head of the Angola negotiation delegation, expressed her appreciation for the careful preparation and effective cooperation from Vietnam. She affirmed that Angola considers the signing of the double tax avoidance agreement with Vietnam an important step to facilitate businesses of the two countries, promote economic cohesion and improve tax management efficiency.
The results of this round of negotiations not only demonstrate the common determination to strengthen economic and tax cooperation between Vietnam and Angola, but also contribute to the completion of Vietnam's bilateral tax agreement network, in line with the requirements of extensive international integration.
