Vietnam, Israel Sign Double Taxation Avoidance Agreement

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Aug. 6 -The Vietnamese and Israeli government have signed an agreement to avoid double taxation charges.

Tran Xuan Ha, Deputy Minister of Finance, told the People the agreement would create a clear and stable legal environment for taxation to help facilitate investors’ business in the two countries.

Last year, bilateral trade amounted to US$163 million. Vietnam sells shoes, clothes, and agricultural products to the Israeli market while importing high-tech equipment, chemicals and fertilizers from the country as well.

Ha added that the agreement would contribute to the development of trade and investment between Vietnam and Israel.