Global Tax Authorities Visiting Korea to Learn 'K-Electronic Tax Payment' Including Cash Receipts and Year-End Tax Settlement Simplification

National Tax Service, Korea-Hungary National Tax Chiefs Meeting
Tanzania Revenue Authority Visits Korea

Global tax authorities are visiting Korea to learn about world-class electronic tax services such as cash receipts, electronic tax invoices, and simplified year-end tax settlement, as well as advanced scientific taxation including big data analysis. National tax agencies from Southeast Asia, Central Asia, and Latin America, aiming to computerize their tax administration, are visiting Korea to benchmark K-electronic taxation.

On the 25th, the National Tax Service (NTS) announced that it held the 3rd Korea-Hungary National Tax Service Commissioner Meeting in Seoul with Ferenc Baguihegyi, Commissioner of the Hungarian National Tax and Customs Administration.

In 2021, the NTS signed a Memorandum of Understanding (MOU) on mutual cooperation, including big data technology collaboration, with the Hungarian National Tax and Customs Administration at the 2nd Korea-Hungary National Tax Service Commissioner Meeting held in Hungary. Last year, through the Korea-Hungary working-level meeting held in Hungary, the NTS actively promoted and exported advanced electronic taxation by sharing its big data analysis technology.

This 3rd meeting was held at the request of the Hungarian National Tax and Customs Administration, which wanted to receive Korea’s excellent digital taxation experience and know-how.

At the meeting, under the theme of "Accelerating Digital Transformation of the Korean National Tax Service," advanced electronic tax services such as the All-Fill and mobile services, as well as scientific taxation achievements including big data analysis, were intensively discussed. The NTS requested the Hungarian side to provide active tax support and prompt resolution of double taxation issues so that Korean companies operating there can focus solely on their business.

Earlier, in 2020, LG CNS, a leading Korean system integration (SI) company with experience in building national tax computer systems, signed a contract with the Indonesian Directorate General of Taxes to build the Core Tax Administration System (CTAS). This proved the excellence of Korea’s electronic taxation system through its export to Indonesia.

On the 18th, the Tanzania Revenue Authority (TRA) also sent a high-level delegation hoping to cooperate on exporting the national tax computer system with the Korean National Tax Service. The NTS provided detailed training over two days on the construction and operation methods of national tax administration systems such as Hometax. The Tanzanian officials showed great interest in system construction costs and considerations. During a meeting with NTS Commissioner Kim Chang-gi, the Tanzanian delegation expressed deep gratitude for the NTS’s assistance and hoped to sign an MOU soon to expand exchanges.

On the 20th, the NTS held a K-electronic taxation export support meeting for domestic system integration (SI) companies interested in exporting K-electronic taxation.

At the meeting, briefings on the current status of national tax system exports and overseas trends were given, along with explanations of one-stop K-electronic taxation export support services such as issuing recommendation letters under the NTS Commissioner’s name, consulting, education, and manpower support. The meeting also collected industry difficulties and suggestions related to electronic taxation exports.

The NTS designated electronic taxation export support as a key task of the "National Tax Administration Capacity Building Task Force (TF)" and plans to strengthen public-private cooperation for electronic taxation export support by regularly sharing information related to electronic taxation exports with relevant industries.

On the 25th, Kim Chang-gi, Commissioner of the National Tax Service, is taking a commemorative photo with Baguihei Ferenc, Commissioner of the Hungarian National Tax and Customs Administration, at the Korea-Hungary National Tax Service Commissioners' meeting.

This content was produced with the assistance of AI translation services.