Can taxes be paid through Internet Banking in Vietnam?

Can taxes be paid through Internet Banking in Vietnam?

Article 56 of the Law on Tax Administration 2019 stipulates the locations and forms of tax payment as follows:

Locations and forms of tax payment

1. Taxpayers shall pay taxes to the state budget according to the following provisions:

a) At the State Treasury;

b) At the tax administration agencies where tax declarations are submitted;

c) Through organizations authorized by tax administration agencies to collect taxes;

d) Through commercial banks, other credit institutions, and service organizations as regulated by law.

Additionally, Clause 1, Article 5 of Circular 328/2016/TT-BTC, amended by Point a, Clause 5, Article 1 of Circular 72/2021/TT-BTC, specifies forms of state budget collection as follows:

Forms of state budget collection

1. Collection by bank transfer:

a) Collection by bank transfer from the account of the state budget payer at commercial banks; the commercial bank debits the payer’s account to the account of the State Treasury for budget collection.

b) Collection by bank transfer from the account of the state budget payer at the State Treasury; the State Treasury debits the payer’s account for budget collection.

c) Collection by electronic methods, including:

- Via the electronic tax payment service on the electronic portal of the tax administration agency (Tax or Customs agency);

- Via the electronic payment services of commercial banks such as ATM, Internet Banking, Mobile banking, POS, or other electronic payment forms of commercial banks;

- Via intermediary payment service providers licensed by the State Bank of Vietnam;

- Via the National Public Service Portal and ministerial or provincial public service portals.

Thus, taxpayers can pay taxes via electronic payment services provided by banks such as ATM, Internet Banking, Mobile Banking, POS, or other bank forms.

What are procedures for paying taxes through Internet Banking in Vietnam?

Based on Point b, Clause 4, Article 4 of Decree 11/2020/ND-CP, the procedure for paying taxes via electronic payment services of banks or intermediary payment service providers, including Internet Banking, is as follows:

- The state budget payer uses the account name and login password provided by the bank or intermediary payment service provider to access the corresponding electronic payment application system of the bank or intermediary payment service provider (such as ATM, Internet Banking, Mobile Banking or other electronic payment methods).

- Then, prepare the state budget payment documents according to the instructions on the electronic payment application system of each bank or intermediary payment service provider.

- The bank or intermediary payment service provider checks the account information on state budget payment documents and the conditions for debiting the account of the state budget payer.

+ If the check is appropriate, carry out the procedure for transferring the full amount, promptly into the account of the State Treasury according to the information recorded on the state budget payment document (transfer deadline as regulated by the Law on Tax Administration);

Simultaneously, send the state budget payment document with the digital signature of the bank or intermediary payment service provider to the state budget payer and inform the successful budget deduction to the tax administration agency and related units (if any).

+ If the check is not appropriate, send a feedback notice with the digital signature of the bank or intermediary payment service provider regarding the unsuccessful state budget payment to the state budget payer via the corresponding electronic payment application system so that the payer can repeat the steps sequentially as mentioned above.

How long is the processing time to confirm state budget payment completion in Vietnam?

According to Clauses 6 and 9, Article 4 of Decree 11/2020/ND-CP:

The processing time for state budget payment by electronic methods:

- No later than 5 minutes from the time the electronic portal of the tax administration agency or the National Public Service Portal or the electronic payment application system of the bank or intermediary payment service provider receives the valid state budget payment document of the payer; additionally, the taxpayer's account has sufficient balance to deduct the budget amount stated on the payment document.

After processing, the payer will receive the State Budget Payment Document (with the digital signature of the bank or intermediary payment service provider) sent to the payer confirming the state budget payment completion.