95 percent of tax revenue collected through e-tax payment

14:15 | 26/09/2018 Finance - Banking

The total import-export tax revenue through e-tax payment of the customs sector reached 191.145 trillion VND (US$9.2 billion), accounting for 95 percent of the total revenue to the State budget, from January 1, 2018 to September 5, 2018, the Vietnam government portal (VGP) reported.

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

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 minimise 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.

Theo VNA