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Vietnam proactively adapts to globalization and digitalization in tax administration at the 53rd SGATAR annual Summit

On October 29th, 2024, in South Korea, General Director of the General Department of Taxation of Vietnam, Mai Xuan Thanh, delivered an important speech at the 53rd Annual Summit. He shared Vietnam’s remarkable achievements in tax administration and affirmed Vietnam’s proactive role in adapting to globalization and digitalization trends.
 

The annual SGATAR Summit is a significant forum for tax authorities from member countries to share experiences, discuss common challenges, and seek solutions to tax administration issues. This year, the summit focused on key topics such as: tax dispute prevention and resolution, digital transformation in tax administration, and updates on tax reforms in various countries.

Vietnam’s Active Contribution to the SGATAR Community

At the summit, General Director Mai Xuan Thanh highlighted Vietnam’s active contributions to the SGATAR community. Vietnam has proactively shared experiences, participated in collaborative activities, and contributed to the development of common standards in tax administration.

Vietnam’s Outstanding Achievements

General Director Mai Xuan Thanh also introduced Vietnam’s outstanding achievements in tax administration, including:

  • Administrative procedure reform: Vietnam has simplified administrative procedures, enhanced the application of information technology in tax administration, reducing time and costs for taxpayers.
  • Development of electronic invoices: The nationwide implementation of electronic invoices has enhanced transparency, prevented tax evasion, and created a favorable environment for businesses.
  • Application of information technology: Vietnam has developed and applied numerous information technology applications such as eTax Mobile and the electronic portal for foreign suppliers, enabling taxpayers to perform tax procedures quickly and conveniently.
  • Tax policy reform: Vietnam has implemented numerous tax policy reforms to create a favorable business environment, attract investment, and support business development.

Challenges and Solutions

However, Vietnam, like other SGATAR member countries, still faces numerous challenges, especially in the context of increasing globalization and digitalization. Issues such as tax disputes, transfer pricing, tax evasion, and tax fraud remain issues that need to be addressed.

To address these challenges, delegates at the summit focused on discussing and sharing experiences on solutions such as:

  • Enhancing the capacity of tax officials: Training and developing tax officials to equip them with the knowledge and skills to respond to changes in the business environment.
  • Improving information systems: Building and perfecting information systems to collect, process, and analyze data for tax administration.
  • Strengthening international cooperation: Strengthening cooperation with SGATAR member countries and international organizations to share experiences and jointly address common challenges.

Conclusion

The 53rd Annual SGATAR Summit has created an important forum for member countries to share experiences, learn from each other, and seek solutions to common challenges in tax administration. Vietnam’s active participation has affirmed the country’s increasingly important role in the SGATAR community.