21 August, 2016
The Ministry of Finance has issued Circular 84/2016/TT-BTC (“Circular 84”) providing guidance on procedures on making payment to the State Budget for tax liability and domestic revenue (excluding revenues from import and export); for which Circular 84 takes effect from 2nd August 2016 onwards.
Grant Thornton Vietnam would like to draw your attention to several important contents as follows for your reference:
In order to assist the taxpayer in preparing the payment slip to State Budget quickly, accurately, and securely during the process of electronic tax payments via the web portal of the General Department of Taxation, Circular No.84/2016/TT-BTC has provided detailed guidance on the preparation of payment slip to State Budget (Form No. C1-02/NS attached together with Circular No.84/2016/TT-BTC) for both cases, the tax payer making payment directly to the State Budget as well as for the representative making payment on behalf of the tax payer to the State Budget under the declaration of 8 groups of information:
- (1) Information on currency for tax payments
- (2) Information on taxpayer and representative
- (3) Information on commercial bank/State Treasury and account making tax payments
- (4) Information on kind of State Budget account
- (5) Information on State Treasury’s account
- (6) Information on payment under written instruction issued by competent authorities.
- (7) Information on names of tax collection agency
- (8) Information on payment description to State Budget
In order to complete payment slip: Taxpayers sign and send the payment slip to State Budget via the electronic tax payments system.
Furthermore, Circular 84 provides detailed guidance on following situations:
Providing guidance on the implementation of electronic tax payments via electronic tax payment service provided by banks (Article 8) Providing detailed guidance on making tax payment vouchers at the transaction counter of banks coordinating collection, banks authorized to collect on behalf of the State Treasury agency (Article 9) Amending and supplementing regulations on handling errors, inspection and adjustment on tax collection information (Article 17). In which, Ministry of Finance requires to use form C1-07/NS in the event if taxpayers and other organizations investigate, request adjustment tax collection information with local Tax Departments and State Treasury.
