On the morning of October 1st, at the headquarters of the General Department of Taxation, Director General Mai Xuan Thanh received and worked with Mr. Kang Sung Pal, Deputy Director General of the National Tax Service of South Korea. The working session focused on strengthening cooperation in the field of taxation to promote economic relations between the two countries.

A deep cooperative relationship 

Director General Mai Xuan Thanh expressed his delight at the development of the cooperative relationship between the two tax agencies. He emphasized the importance of cooperation in the field of taxation to facilitate business activities for enterprises of the two countries. 

Deputy Director General Kang Sung Pal also shared a similar view. He said that with the goal of raising bilateral trade turnover to 150 billion USD by 2030, cooperation between the two tax agencies is extremely necessary.

Exchange on specific cooperation issues 

At the working session, the two sides had in-depth discussions on issues such as: 

• MAP/APA agreement: The two sides have highly appreciated the effectiveness of this agreement and agreed to continue promoting the resolution of information exchange requests. 
• APA: The parties discussed the implementation status of the APA agreement and agreed to strengthen cooperation to resolve arising issues. 
• Experience sharing: The two sides shared experiences in tax administration, administrative procedure reform, and the application of information technology in tax management. 

Towards the future 

Both sides agreed to continue strengthening cooperation in the coming time, specifically: 

• Organizing regular working sessions: To exchange information, share experiences, and resolve arising issues. 
• Strengthening cooperation in the field of training: Organizing training courses to enhance the capacity of officials from both tax agencies. 
• Expanding the scope of cooperation: Exploring new areas of cooperation such as e-tax, e-invoices, and electronic payments.

Conclusion 

• The working session between the Vietnam General Department of Taxation and the National Tax Service of South Korea has been a great success, opening up new prospects for tax cooperation between the two countries. Strengthening cooperation in the field of taxation will contribute to creating a favorable business environment, attracting investment, and promoting the economic development of both nations.