95% OF TAX REVENUE COLLECTED THROUGH E-TAX PAYMENT

From January 1, 2018 to September 5, 2018, the total import-export tax revenue through e-tax payment of the customs sector reached VND191,145 billion, accounting for 95% of the total revenue to the State budget.

The tax payment through banks has brought a number of benefits for tax payers over the recent months.

As many as 22 banks have provided their 24/7 e-tax payment scheme.

The e-tax payment would facilitate tax payment anywhere, anytime, reduce time and ensure immediate goods clearance. The customs authority will directly support enterprises to make payment documents from the original data and minimize errors in money transfer procedures.

This could help shorten time to complete customs procedures for import-export activities to the average level of ASEAN-4 countries following the Government’s instructions.

Firms only need certificate authority (CA) to transfer money and authorize banks to pay taxes through their accounts without fees.

To be qualified to provide the service, banks are required to upgrade their e-payment portal.

Source: VGP