The income tax treaty between Panama and Vietnam entered into force on 14 February 2017. The treaty, signed 30 August 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Panamanian tax on natural persons and tax on legal persons. It covers Vietnamese personal income tax and business income tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise furnishes services in a Contracting State through employees or other engaged personnel for the same or connected project for a period or periods aggregating more than...