Vietnam Customs Trialling Electronic Tax Payment System

by Mary Swire, Tax-News.com, Hong Kong

24 October 2017

The Vietnam Customs Department announced on October 18 that it had established an e-payment and collection system.

The Customs authority explained that the aim of the system being piloted this month in coordination with various commercial banks in the country is to simplify administrative procedures and reduce clearance times.

Under the scheme, enterprises are able to access records relating to tax debts via the Customs e-payment portal and request that Customs seek payment from a bank using supplied bank account details.

The following banks are participating in the pilot: the Bank for Investment and Development of Vietnam (BIDV), the Military Commercial Bank (MBBank), the Vietnam Technological and Commercial Bank (Techcombank), the Commercial Bank for Foreign Trade of Vietnam (Vietcombank), and the Vietnam Commercial Bank for Industry and Trade (Vietinbank).

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