The Vietnam Export-Import Bank (Eximbank) and the general Department of Customs (GDC) signed an agreement yesterday to cooperate in collecting taxes and customs duties electronically.
Under the agreement, the GDC will be notified as soon as enterprises pay taxes at any Eximbank branch via a data network set up between the bank and the GDC.
This will help enterprises reduce the amount of time spent for clearing goods and fulfilling their tax obligations, and also simplify tax payment procedures.
Eximbank has also pledged to pay customs duties on behalf of exporters and importers if they cannot make their tax payments, a move aimed at reducing time and costs to boost business with foreign partners.
This cooperation between Eximbank and the GDC is expected to contribute significantly to reforming tax procedures and managing funds, in addition to promoting non-cash payments.