On 20 June 2018, the Latvian Parliament (Saeima) approved for ratification the pending income tax treaty with Vietnam. The treaty, signed 19 October 2017, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Latvian enterprise income tax and personal income tax and covers Vietnam personal income tax and business income tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes se…