AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF BELARUS AND GOVERNMENT OF THE SOCIALIST REPUBLIC OF VIETNAM

of April 24, 1997

About avoidance of double taxation and prevention of tax avoidance concerning taxes on the income and the capital (property)

Government of the Republic of Belarus and Government of the Socialist Republic of Vietnam,

wishing to sign the Agreement on avoidance of double taxation and prevention of tax avoidance concerning taxes on the income and the capital (property),

agreed as follows:

Article 1. Persons to whom the Agreement is applied

This agreement is applied to persons which are residents of one or both Contracting States.

Article 2. Taxes to which the Agreement extends

1. This agreement is applied to the taxes on the income and the capital (property) levied on behalf of the Contracting State or its regional authorities irrespective of method of their collection.

2. All taxes levied from the total amount of the income, total amount of the capital (property) or from elements of the income or the capital (property) including taxes on the income from property acquisition, taxes on the total amount of the salary paid by the companies and also the capital gain taxes (property) are considered as taxes on the income and the capital (property).

3. The existing taxes to which this agreement extends are:

a) in Belarus:

(i) tax on the income and profit of the companies, associations and organizations;

(ii) the income tax from citizens, and

(iii) real estate tax

(further the referred to as "Belarusian tax");

b) in Vietnam:

(i) individual income tax;

(ii) income tax;

(iii) tax on the translated profit

(further the referred to as "Vietnamese tax").

4. This agreement extends also to any identical or in essence similar taxes which are levied after signature date of this agreement in addition to the existing taxes, or instead of them. Competent authorities of Contracting States notify each other on any considerable changes made to their tax legislation.

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