Officials from Tanzania and Vietnam met to further negotiations on establishing an income tax treaty on 3 December 2024.
Negotiations first began in 2016. If an agreement is reached, it will be a first between the two nations.
The treaty will have to be signed and ratified before it can enter into force.
A tax treaty is a bilateral accord between two countries designed to address the double taxation of passive and active income for their respective citizens. These treaties typically specify the amount of tax that each country can levy on a taxpayer’s income, capital, estate, or wealth.
