Kim Chang-gi, Commissioner of the National Tax Service, Discusses 'Tax Administration Issues and Strengthening Cooperation' with India

The heads of the National Tax Service (NTS) of Korea and India met to discuss current tax administration issues and ways to strengthen cooperation between the two countries.

On the 22nd, the NTS announced that the 8th Korea-India National Tax Service Heads Meeting was held on the 21st in New Delhi, India.

An NTS official stated, "At this meeting, the heads of the two countries' tax authorities discussed each other's national tax administration trends and the tax authorities' responses to changes in the tax environment," adding, "The two tax authorities promised to create a tax environment that reduces tax uncertainties for companies and allows them to focus on business activities through active tax support for companies operating abroad."

Kim Chang-ki, Commissioner of the National Tax Service (left), is taking a commemorative photo with Sanjay Malhotra, Commissioner of the Indian National Tax Service, in New Delhi, India, on the 21st.

At this meeting, the two heads agreed that enhancing taxpayer services and reducing the risk of tax evasion amid the changing tax environment would be the way to increase taxpayer trust.

The Korean NTS introduced recent policies aimed at improving taxpayer convenience and supporting the livelihood economy, such as the Pre-Fill Service and customized guidance on Earned Income Tax Credit and Child Tax Credit. They also shared experiences of digital transformation in national tax administration using the latest technologies, including user-customized portals, artificial intelligence (AI) tax assistants, and chatbot consultation services.

Furthermore, the two heads agreed that actively resolving the burden of double taxation on taxpayers is important to expand investment and trade.

In particular, Commissioner Kim requested significant interest and support from the Indian National Tax Service to resolve the tax difficulties faced by Korean companies operating in India.

Meanwhile, on the same day, Commissioner Kim held the 'Tax Administration Meeting for Korean Companies in India' to listen to the tax difficulties and suggestions of Korean companies operating in India and related organizations, promising to convey these to the Indian National Tax Service.

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