DongA Bank Collects Tax for Customs Authorities
On March 20, 2015, the General Department of Customs and DongA Bank signed an agreement to which the lender will collect State budget and guarantee tax for exports and imports. DongA is the 19th bank to join this programme.
Speaking at the signing ceremony, Nguyen Duong Thai, Deputy General Director of General Department of Customs, stressed that the coordination in collecting State budgets and guaranteeing taxes between banks and the General Department of Customs has been highly appreciated by businesses for its convenience. Particularly, the introduction of Circular 126/2014/TT-BTC on regulations on a number of procedures on tax declaration and payment, late payment, penalty and other charges on exports and imports, which provides conditions, documents and procedures for credit institutions to coordinate with customs authorities to collect State budgets, is seen as a legal basis for coordination in collecting State budgets at commercial banks to reduce the time for tax payment for enterprises.
He said the coordination has benefited many sides, including the State, customs authorities, banks and businesses. Therefore, the Ministry of Finance and the General Department of Customs highly value this coordination for State budget collection.
State budget collection via banks accounts for up to 59 percent of total budget revenue collected by the customs sector. The joining of DongA Bank is expected to boost up the rate.
Le Hien
Vietnamese
