95 percent of tax revenue collected through e-tax payment
The total import-export tax revenue through e-tax payment of the customs sector reached 191.145 trillion VND , accounting for 95 percent of the total revenue to the State budget, from January 1, 2018 to September 5, 2018.
Hanoi (VNA) - The total import-export tax revenue through e-taxpayment of the customs sector reached 191.145 trillion VND (9.2 billion USD),accounting for 95 percent of the total revenue to the State budget, fromJanuary 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.
The e-tax payment would facilitate tax payment anywhere, anytime, reduce timeand ensure immediate goods clearance. The customs authority will directlysupport enterprises to make payment documents from the original data andminimise errors in money transfer procedures.
This could help shorten time to complete customs procedures for import-exportactivities to the average level of ASEAN-4 countries following the Government’sinstructions.
Firms only need certificate authority (CA) to transfer money and authorizebanks to pay taxes through their accounts without fees.
To be qualified to provide the service, banks are required to upgrade theire-payment portal.-VNA
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The State Bank of Vietnam (SBV) needed to speed up the settlement of non-performing loans (NPLs) to bring down the bad debt ratio of the entire banking system, including both NPLs owned by credit institutions and the Vietnam Asset Management Company (VAMC), to below 3 percent by 2020.
Vietnam needs to create a fairer and more transparent tax environment, said Ambassador of the Republic of Korea (RoK) to Vietnam Kim Do-hyun on September 17.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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