The General Department of Taxation, under the direction of Director Mai Xuan Thanh, held a bilateral meeting with the Australian Taxation Authority on August 2, the morning of the delegation's working visit to Australia. The meeting covered a wide range of topics, including experience managing object classification, experience with organizational models, and a particular emphasis on risk management.
Along with Mr. Nguyen Bang Thang, Director of the Large Enterprise Tax Department and Director of the Tax Department of Hanoi, Ho Chi Minh City, and Ha Tinh, the Vietnamese side of the meeting was also attended by Mr. Doan Xuan Toan, Chief of Office, and Ms. Tran Thi Thanh Binh, Director of the International Cooperation Department.
Deputy Director General Kirsten Fish, who oversees construction and law enforcement, as well as representatives from several Australian Taxation Department units, were present on the department's side. During the meeting, Director General Mai Xuan Thanh conveyed his sincere appreciation for Ms. Kirsten Fish's cordial welcome and the Australian Taxation Department.
Since the two nations established diplomatic relations in 1973, bilateral relations between Australia and Vietnam have a long history and have evolved quickly, according to Director General Mai Xuan Thanh. Memorandum of Understanding on financial cooperation between Vietnamese Minister of Finance Ho Duc Phoc and Australian Treasurer Josh Frydenberg, valid from November 19, 2021 to December 25, 2025. This is a noteworthy occasion that is crucial to planning and putting into action the two Ministries' collaborative efforts.
The governments of Vietnam and Australia have signed an agreement to prevent double taxation and stop tax evasion by enterprises involved in tax evasion, as part of their collaboration in the field of taxes. income-related tax imposed on April 13, 1992. By preventing double taxation, this agreement has improved commerce and investment between the two nations. It also lays the groundwork for the development of a more robust and closely coordinated bilateral cooperation between the two tax authorities.
Ms. Kirsten Fish, Deputy Director General in charge of Construction and Law Enforcement, and representatives of the Australian Taxation Department's units welcomed the group on behalf of the Australian Taxation Department at the meeting. She also congratulated Director General Mai Xuan Thanh and the Delegation on their worthwhile discussions, expressing her hope that the two parties would keep enhancing their collaboration and sharing knowledge and insights regarding their respective tax systems.
The majority of tax administration procedures, according to Ms. Kirsten Fish, are executed using a cutting-edge, customized information technology system. To handle groups of companies and persons at risk, the tax authority will, nevertheless, concentrate on human resources and create a comprehensive database specifically for these groups. to fulfill managerial objectives. Australian tax authorities are always highly praised for their organization and risk system management because of the aforementioned model and management technique. The General Department of Taxation in Australia is open to discussing professional matters with the General Department of Taxation in Vietnam in greater detail. This is regarded as one of the initiatives to encourage two-way interaction between the two parties.
Translator: Thúy Nga
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