November 26, 2015
Ministry of Finance
Notes exchanged with Viet Nam concerning a financial institution exempted from tax on Interest under Tax Agreement
[Provisional translation]
1. On November 26 (Thu.), the Government of Japan and the Government of the Socialist Republic of Viet Nam exchanged notes and agreed that the Nippon Export and Investment Insurance (hereinafter referred to as “NEXI”) shall be regarded as a financial institution referred to in paragraph 4 of Article 11 of the Agreement between the Government of Japan and the Government of the Socialist Republic of Viet Nam for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income which signed at Hanoi on October 24, 1995 and entered into force on December 31, 1995.
2. In consequence, interest arising in Viet Nam and derived by NEXI or by any resident of Japan with respect to debt-claims insured by the NEXI shall be exempt from tax on interest in Viet Nam on and after today.
[References]
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