Expanded PH-SKorea cooperation eyed
FINANCE Secretary Carlos Dominguez 3rd on Tuesday reaffirmed Manila’s desire to deepen monetary ties with South Korea via adopting virtual era to enhance its tax administration.
In a latest assembly with officers of the Korea International Cooperation Agency (Koica), Dominguez highlighted the East Asian us of a’s efforts in helping the Philippines’ bid to boom using such era via the digital invoicing and receipts gadget of the Bureau of Internal Revenue (BIR).
“We want to specific how appreciative we’re of the help we’re receiving from the [South] Korean human beings via the [South] Korean government. I desire that we are able to amplify our cooperation presently and for the approaching destiny,” Dominguez told the Koica delegation, led with the aid of its chief Lee Mikyung.
“We appreciate your assist inside the digital-enhancement software,” he said.
The Finance chief additionally said the Philippine authorities became planning to start the program with the aid of first imposing that digital invoicing gadget.
“We looked around the arena and we discovered that the pleasant electronic invoicing program is in [South] Korea. We desire to undertake it right here,” he delivered.
For his component, Lee stated for the duration of the assembly that his usa predicted “greater near and deepened cooperation” with the Philippines.
This 12 months marks the 70th anniversary of diplomatic members of the family among the 2 countries.
According to Lee, Seoul has pursued numerous projects on schooling, records and communications technology (ICT), and inclusive improvement, amongst other programs, that the Philippines could faucet to help achieve its purpose of financial inclusion for all Filipinos.
These encompass the Asean Higher Education Initiative, which contain the trade of college college students between South Korea and the Philippines, and South Korea’s distinctly developed ICT programs to help the Philippines in improving transparency in governance and reforming its tax machine.
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