E-payments account for 95 percent of tax revenue

Wednesday, Sep 26, 2018 13:37

As many as 22 banks now provide 24/7 e-tax payment schemes. — Photo vietbao.vn

Total import-export tax revenue collected through e-payments reached VND191.15 trillion (US$9.2 billion), accounting for 95 per cent of the total tax revenue to the State budget, from January 1, 2018 to September 5, 2018.

The number was reported by the Viet Nam’s government portal (VGP).

As many as 22 banks now provide 24/7 e-tax payment facilities.

The system can be used anytime, anywhere, which help save time and costs for enterprises and ensure immediate goods clearance. Customs authorities are offering support for enterprises to make these transfers and minimise errors.

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

Firms only need a certificate of authority (CA) to transfer money and authorise their banks to pay taxes through their accounts without fees. — VNS

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