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Vietnam and RoK discuss tax policy
More than 118 businesses from the Republic of Korea attended a dialogue on Vietnam’s tax and customs policies on October 1.
The dialogue was organised by the Vietnamese Ministry of Finance (MoF) and the RoK Small-and Medium-Sized Enterprises’ Association on the occasion of a Vietnamese delegation’s visit to the RoK.
The Vietnamese delegation briefed the audience on Vietnam’s tax and customs policies, incentives, corporate taxes, added value taxes and new regulations on customs procedures.
Deputy Minister of Finance, Do Hoang Anh Tuan, said that tax incentives and relevant policies are of interest to Korean businesses.
More than 70 percent of RoK businesses investing in Vietnam are small and medium sized so they face difficulties accesing policies and dealing with procedures and tax incentives.
The MoF and the General Department of Taxation planned to work with relevant RoK authorities to facilitate businesses easier operations in Vietnam. Vietnamese authorities will also help remove obstacles through the RoK Businesses Association and the Chamber of Commerce and Industry in Vietnam.
Mr Tuan said that this is the first time such dialogue between the two countries.
vovnews
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