Online tax registration increases by geometric progression

July 24, 2012 | 09:27

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The number of businesses applying online tax registration has surged sharply by geometric progression, according to the General Department of Taxation under the Ministry of Finance.

As of July, about 130,000 businesses in 50 provinces and cities have applied online tax registration, up 86.6 times against the same period of 2009.

The figure is impressive as 30 per cent of domestic enterprises have involved in online tax registration, said Pham Quang Toan, deputy director general of the IT Department under the General Department of Taxation.

According to Toan, online tax registration has brought back numerous benefits for both businesses and tax agencies, setting a foundation for relevant ministries to speed up digital signature services instead of paper documents.

The General Department of Taxation estimated that online tax registration would cover 150,000 businesses in 2012; 200,000 in 2013 and 80 per cent of businesses in 2015.

In the 2014-2015 period, tax agencies will set up online payment gateways with commercial banks to handle online tax payments and provide querying services via websites and SMS for tax payers.

VGP

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