제목 없음
The Tax Sparing Credit provision under Article 23 of the Korea-Vietnam Tax Treaty extends for 10 years
The National Tax Service of Korea collected tax-related difficulties and suggestions from Korean companies as to doing their businesses in Vietnam, on the occasion of the Commissioner level meeting between Korea and Vietnam, which was held in Hanoi October 2004.
Among the suggestions, with respect to the tax sparing credit provision under Article 23 which is stated to apply up to 2004, some Korean companies in Vietnam have had the hope for the extension of the credit.
National Tax Service conveyed the suggestion to the Ministry of Finance and Economy, and the delegations from Korea and Vietnam agreed to extend the tax sparing credit provision under Article 23 for another 10 years commencing the 1st January 2005 in Hanoi on January 28th, 2005.
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Division.
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