Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, and Mr Vuong Dinh Hue, Minister of Finance for Vietnam signed a Second Protocol today to amend the existing Singapore-Vietnam Avoidance of Double Taxation Agreement (DTA).

The amendments include, among others, revisions to the Permanent Establishment, Dividends, Interest and Capital Gains Articles. The revised DTA also includes the internationally agreed Standard for exchange of information. The changes are expected to enhance trade and investment flows and elevate the level of tax cooperation between Singapore and Vietnam.

The full text of the Protocol is available here. It will enter into force after ratification by both countries.