SHB Bank Officially Launches E-Tax Collection Program

Saigon-Hanoi Commercial Joint Stock Bank (SHB) has officially launched the electronic tax collection program for enterprises.

Accordingly, to effectively carry out the electronic tax collection program, the General Department of Vietnam Customs required taxpayers to arrange staff to support them in dealing with their emerging problems. In case of any information technology problems, the General Department requested banks to promptly contact the Customs Information Technology and Statistics Department. In case of any professional problems, they need to contact the Import-Export Tax Department under the General Department for assistance.

SHB became the 7th bank to join the electronic tax collection program for enterprises after VietinBank, TPBank, BIDV, VPBank, Vietcombank and MBBank.

As of December 2020, 44 banks coordinated with the General Department of Customs to collect tax via the electronic medium. Among them, 37 banks joined 24/7 electronic tax payment and customs clearance and seven took part in the electronic tax collection program.

According to the General Department of Customs, the electronic tax collection program for enterprises is a progressive step in upgrading the 24/7 electronic tax payment expansion program, launched by customs authorities from the end of 2017.

To take part in the electronic tax collection program, taxpayers only need to conduct a one-time registration and authorize debt deduction to the bank in service and do not need to take any other action on the system of customs authorities or on the banking system. Tax payment is made automatically.

By Hien Le, Vietnam Business Forum