Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.
ARTICLE 2
Taxes Covered
(1) This Agreement shall apply to taxes on income imposed by each Contracting State, irrespective of the manner in which they are levied.
(2) There shall be regarded as taxes on income all taxes imposed on total income, or on elements of income, including taxes on gains from the alienation of movable or immovable property.
(3) The existing taxes to which the Agreement shall apply are:
- (a) in Vietnam:
- (i) the personal income tax; and
- (ii) the business income tax;
- (hereinafter referred to as "Vietnamese tax");
- (b) in Ireland:
- (i) the income tax;
- (ii) the corporation tax; and
- (iii) the capital gains tax;
- (hereinafter referred to as "Irish tax").
(4) The Agreement shall also apply to any identical or substantially similar taxes which are imposed after the date of signature of this Agreement in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of significant changes made to their taxation laws.