Ability to pay taxes online a boon for Vietnam’s import-export businesses

Update: 08:07 | 09/06/2019

Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department. 

Switching to online payment has reduced work for customs officers and helped businesses save time and cost.

According to the State Bank of Vietnam, promoting online payment for public services is one of the goals of the Government.

pay taxes online, Vietnam, import-export businesses, time and cost saving, online payment, public services, non-cash payment

Around 99 percent of import and export tax payments in Ho Chi Minh City are made online.

Le Thanh Minh, an employee of a transportation company, said import and export procedures at customs offices have become easier and faster than before thanks to non-cash payment.

Previously enterprises had to pay the tax at the Treasury or a bank, take the payment receipt to customs authorities and wait.

Now, after the money goes to the Treasury, the goods are automatically cleared.

In the past, it would take businesses two or three days to complete the tax payment. The process could stretch even further since banks do not work on weekends and holidays, but now it only takes a few seconds, Minh said.

Nguyen Quoc Toan from the customs department’s import-export taxation office told Tuoi Tre (Youth) newspaper that online tax collection enables customs to reduce human resources and simplifies the payment process.

Businesses have their goods cleared quickly after paying, and no longer face a situation where they pay the tax but customs does not receive information about it.

The ease of payment has made the business community happy, Toan said.

Another department official said the new payment method prevents errors and ensures immediate cargo clearance.

Its aim is to move towards e-governance and non-cash transactions, he added.

Asked why 1 percent continue to pay the import tax in cash, the department said these are usually individuals who transport goods through non-commercial means, referring to tourists and other travellers.

They pay duties when they bring goods from foreign countries whose value reaches the taxable threshold, he added.

Vietnam takes lead in global mobile payment growth
The growth of the number of people making mobile payments in stores in Vietnam is at the fastest, according to the Global Consumer Insights Survey 2019 by PwC.
 
Government intensifies support for non-cash payment methods
The Government has issued measures to boost non-cash payment methods in the country this year.
 
Experts discuss modern medical payments in Vietnam
Domestic and international experts gathered at a workshop held by the Ministry of Health and the World Bank in Hanoi on October 9, to discuss measures to boost diagnosis-related group (DRG) payments in Vietnam.
 
Non-cash payments encouraged
(BGO) - Giang living at Nguyen Khuyen street, Xuong Giang ward, Bac Giang city, Bac Giang province often uses card payment as shopping. She uses card payment for purchasing stuff like television or clothes and even for taxi fees. She said, “It is very convenient to use card payment especially when going business or traveling that helps to ease worry about losing cash”. 
 
E-payments boom in Vietnam as customers seek safer options
The country's e-payments grew 22 percent to $6.14 billion in 2017.
 

Source: VNS/VNA

 
Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: