24/7 e-tax payments and customs clearance begin

15:50 | 03/11/2017 Finance - Banking

The General Department of Customs (GDC) has approved a project on 24/7 e-tax payments through authorised banks and 24/7 customs clearance which will take effect from November this year.

Luu Manh Tuong, director of the GDC's Import-Export Duty Department, announced the information at the GDC's press brief held in Hanoi on October 31.

Tuong noted that the tax payments made through banks signing collection agreements with the GDC has yet to serve cut off time payments or payments on holidays and at the weekend, adding that the new project will create the maximum favourable conditions for enterprises to make payments at anytime and anywhere.

In addition, under the project, goods will be quickly cleared after tax payments which will help to reduce the customs clearance time for import-export goods, in line with the average level of ASEAN 4 countries.

Tuong stated that the project on 24/7 e-tax payments and customs clearance will allow enterprises to pay tax and others fees through commercial banks signing collection agreements with the GDC at the 24/7 Electronic Customs Payment Portal.

Five commercial banks were selected to pilot the project starting from November, including Vietcombank, VietinBank, BIDV, MB and Techcombank.

According to the Import-Export Duty Department, e-tax payments through credit institutions, particularly the 36 commercial banks that have signed collection agreements with the GDC in the past, have paid off, contributing to facilitating tax payers.

The rate of e-payments through these banks and the State Treasury in 2016 accounted for approximately 90% of the total budget revenue of the customs sector.

Theo NDO