The income and capital tax treaty between San Marino and Vietnam entered into force on 13 January 2016. The treaty, signed 14 February 2013, is the first of its kind between the two countries. Taxes Covered The treaty covers San Marino general income tax on individuals and on bodies corporate and proprietorships. It covers Vietnamese personal income tax, business income tax, and capital tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services in a Contracting State through employees or other engaged personnel if the activities continue for the...