|National Tax Service (NTS) Commissioner Kim Dae-ji, right, poses for a photo with his Danish counterpart, Merete Agergaard. Courtesy of National Tax Service|
By Lee Kyung-min
National Tax Service (NTS) Commissioner Kim Dae-ji agreed to share experience and knowledge in advancing electronic tax administration and crack down on overseas tax evasion with his Hungarian and Danish counterparts in a recent weeklong trip to Europe, the tax agency said Wednesday.
The tax agency head also met with Alix Perrignon de Troyes, executive secretary of the Intra-European Organization of Tax Administrations (IOTA), in Budapest, Sept. 14.
Kim held a meeting with his Danish counterpart, Merete Agergaard, from Sept 9 to 10, the first time for the two countries' top tax administrators to hold a bilateral meeting.
The two discussed tax policies on welfare, including ways to strengthen the public trust in administrative procedures. The government's role in helping the public see how fairly tax revenue is collected for transparent use of public resources was among areas both were interested in, the tax agency said.
Effective fiscal spending and the government's control of information on individuals' income and assets were closely related to how Denmark was able to remain a top welfare country, a key takeaway for Korea where welfare demand is soaring amid the COVID-19 pandemic, compounded by a fast-aging society.
|National Tax Service (NTS) Commissioner Kim Dae-ji, right, signs a copy of a memorandum with his Hungarian counterpart, Vagujhelyi Ferenc. Courtesy of National Tax Service|
Kim signed a memorandum of understanding (MOU) with his Hungarian counterpart, Vagujhelyi Ferenc, to increase cooperation in exchanges of personnel, electronic tax administration, employee training, streamlining tax filings, artificial intelligence-driven taxation and policy incentives to exemplary taxpayers.
The MOU was the first signed between the two countries.
|National Tax Service (NTS) Commissioner Kim Dae-ji, right, poses for a photo with Alix Perrignon de Troyes, Executive Secretary of the Intra-European Organization of Tax Administrations. Courtesy of National Tax Service|
Kim met with the IOTA executive secretary and pledged that Korea would continue efforts to tackle international taxation issues amid the rise of the digital economy.