What is the definition of an information exchange portal of bank or intermediary payment service provider (IPSP) in Vietnam?

What is the definition of an information exchange portal of bank or intermediary payment service provider (IPSP) in Vietnam?

According to Clause 11, Article 3 of Circular 19/2021/TT-BTC, the definition of the Information Exchange Gateway of Banks or Intermediary Payment Service Providers is as follows:

Definitions

For the purposes of this Circular, the terms below shall be construed as follows:

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11. “information exchange portal of a bank or IPSP” refers to a system for connection and exchange of electronic information and data between a bank or IPSP with GDT for the purpose of following procedures for e-tax payment and refund and exchanging electronic information about taxpayers under the Law on Tax Administration.

Thus, according to this regulation, “information exchange portal of a bank or IPSP” refers to a system for connection and exchange of electronic information and data between a bank or IPSP with GDT for the purpose of following procedures for e-tax payment and refund and exchanging electronic information about taxpayers.

What is the definition of an information exchange portal of bank or intermediary payment service provider (IPSP) in Vietnam? (Image from the Internet)

Does the taxpayer that pays tax electronically through the e-payment service of a bank in Vietnam have to log into the information exchange portal of such bank?

According to Clause 5, Article 4 of Circular 19/2021/TT-BTC, the regulations are as follows:

Principles of e-tax transactions

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5. Every taxpayer shall prepare and submit e-tax dossiers and e-state budget payment documents by adopting any of the following methods:

a) Prepare an e-tax dossier or e-state budget payment document on the GDT’s web portal/web portal of a competent authority/through a T-VAN service provider:

a.1) The taxpayer shall access the GDT’s web portal/web portal of a competent authority/web portal of a T-VAN service provider and prepare the e-tax dossier or e-state budget payment document on the web portal selected, e-sign and send them to the tax authority.

a.2) The T-VAN service provider shall transfer the e-tax dossier or e-state budget payment document to the GDT’s web portal as prescribed in Point b Clause 1 Article 46 of this Circular.

b) Regarding a tax declaration dossier, the taxpayer is entitled to select the method of preparing the tax declaration dossier with software or a support tool of the tax authority or that of the taxpayer satisfying data format standards of the tax authority; then accesses the web portal selected, e-sign and send the tax declaration dossier to the tax authority.

c) Where the taxpayer pays tax electronically through e-payment service of a bank or IPSP, such taxpayer shall access the information exchange portal of the bank or IPSP and create the state budget payment document under the guidance of the bank or IPSP. The bank or IPSP shall transfer the information about e-tax payment by the taxpayer to the GDT’s web portal as prescribed in Article 21 of this Circular.

Thus, where the taxpayer pays tax electronically through the e-payment service of a bank or IPSP, such taxpayer shall access the information exchange portal of the bank or IPSP and create the state budget payment document under the guidance of the bank or IPSP.

Does the taxpayer that pays tax electronically through the e-transaction channels of a bank in Vietnam have to access the information exchange portal of such bank?

According to Clause 1, Article 21 of Circular 19/2021/TT-BTC, the regulations are as follows:

E-tax payment through e-transaction channels of banks or IPSPs

1. The taxpayer shall enter the information exchange portal of the bank or IPSP; or the GDT’s web portal; or web portal of the competent authority to choose to pay tax through the e-transaction channel of the bank or IPSP and create the state budget payment document using the form given by the bank or IPSP where the taxpayer makes payment to the state budget. Such document must contain all information on the Payment to National Budget (Form No. C1-02/NS enclosed with the Decree No. 11/2020/ND-CP).

If the bank or IPSP provides an e-tax payment service using another e-payment method under regulations of the State Bank of Vietnam and regulations on cooperation in collection of state budget revenues with the tax authority, the bank or IPSP shall create the state budget payment document on behalf of the taxpayer on the basis of the information provided by the tax authority as prescribed in Article 38 hereof.

Thus, the taxpayer that pays tax electronically through the e-transaction channels of a bank in Vietnam has to log into the information exchange portal of such bank to choose a specific transaction channel for tax payment.