The Ministry of Finance on July 5 organised a dialogue conference with the Republic of Korea (RoK) businesses on tax and customs policies and administrative procedures.

The attendees included Deputy Finance Minister Hoang Anh Tuan, RoK ambassador to Vietnam Ju Dae Joo along with Korean entrepreneurs in HCM City and neighbouring localities.

Representatives from the General Department of Taxation of Vietnam (GDTV) gave a brief introduction of tax policy mechanisms issued since September 2012 and new tax policies to be promulgated in the time to come.

They mentioned solutions to ease business difficulties such as extending the payment of corporate income tax and value added tax and reducing land rental.

They also gave a presentation on the Laws on amendments and supplements to some articles of corporate income tax and tax management which were recently approved by the National Assembly.

 Addressing the conference, Deputy Finance Minister Hoang Anh Tuan pledged efforts to create the best possible conditions for foreign-invested businesses including those from the RoK.

The finance sector will consider proposals from businesses to fine-tune tax and customs policies, Tuan said.

The Korean ambassador praised the Vietnamese Government’s efforts to adopt new tax and customs policies and expressed the hope that the annual dialogue conference will help Korean businesses develop on a firmer foundation.

VOV