The General Department of Customs (GDC) announced another four banks that qualify to provide its 24/7 e-tax payment scheme, raising the total to 22 banks.

The four banks are Shinhan Vietnam, PG Bank, SHB and HSBC Vietnam. They will implement the service from September 20.

GDC expects the participation of more banks in the scheme will better support and reduce costs for taxpayers.

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 authorise 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. — VNS