Argentina, China sign draft agreement on tax information exchange

14:09, April 17, 2010      

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Argentina and China on Friday signed a draft agreement on tax information exchange so as to make bilateral trade operations run smoothly, according to a visiting Chinese taxation official.

Wang Kang, deputy director of China's State Administration of Taxation, said the draft agreement was signed by him and Argentine Director of Federal Administration and Public Revenues Ricardo Echegaray.

"Relations between the tax administrations of the two countries are good," Wang said, recalling that the General Tax Direction of Argentina sent a group of experts to China to help China's tax reform as early as 1994.

Wang said China has also signed similar agreements with 95 other countries.

According to Echegaray, the Argentine and Chinese governments will analyze and endorse the draft agreement soon, then the two sides will sign the final agreement on tax information exchange.

The Argentine official said tax information exchange will help deepen growing bilateral trade between the two countries.

"For China, the agreement will help Chinese authorities to know the exact spending of Chinese companies in Argentina, and for Argentina it will help the Argentine government know the real flux of money as well as the profits gained by local exporters," he said.

Source: Xinhua

(Editor:黄硕)

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