What is Core Banking? How to determine đá bóng trực tiếp deposit date through Core Banking for imports and exports in Vietnam?

What is Core Banking?

Pursuant to Clause 6, Article 2 ofCircular 184/2015/TT-BTC, Core Banking is explained as follows:

Definitions

In this Circular, đá bóng trực tiếp following terms are understood as follows:

...

4. “Customs electronic portal”: is an integrated portal between information systems, applications, and services related to customs operations.

5. “National single-window customs mechanism” is an integrated system that allows:

a) Parties involved in export and import activities to submit or send standardized information and documents to a single receiving point;

b) State agencies to process data, information, and make decisions based on a system of unified and synchronized procedures and processes; to make decisions and send these decisions to đá bóng trực tiếp system for agreed provision and exchange of information between state agencies;

c) đá bóng trực tiếp customs authority to make đá bóng trực tiếp final decision on đá bóng trực tiếp clearance and release of export, import, transit goods, or transportation means based on đá bóng trực tiếp decisions of related state agencies promptly as per public service provision regulations.

6. “Core Banking”: is a system software of core banking, basic business modules of banks such as deposits, loans, customers..., an integrated software system for managing information, assets, transactions, risk management, etc. in đá bóng trực tiếp banking system, being đá bóng trực tiếp nucleus of đá bóng trực tiếp entire information system of a banking network.

7. “Centralized tax accounting system”: is a management application program for tax accounting and other revenue related to export and import goods of đá bóng trực tiếp customs authority (hereinafter referred to as đá bóng trực tiếp CTAS).

Core Banking is defined as a system software of core banking, comprising fundamental business modules of banks such as deposits, loans, customers..., an integrated software system that encapsulates IT applications in managing information, assets, transactions, and risk management, thereby forming đá bóng trực tiếp nucleus of đá bóng trực tiếp entire information system within a banking network.

What is Core Banking? How to determine đá bóng trực tiếp deposit date through Core Banking for imports and exports in Vietnam? (Image from đá bóng trực tiếp Internet)

How to determine đá bóng trực tiếp deposit date through Core Banking for imports and exports in Vietnam?

According to Article 4 ofCircular 184/2015/TT-BTCwhich regulates đá bóng trực tiếp determination of đá bóng trực tiếp tax payment date for imports and exports as follows:

Determination of tax payment date

1. For tax payment through electronic transactions: it is đá bóng trực tiếp date when taxpayers carry out a transaction deducting from their account at đá bóng trực tiếp bank to make đá bóng trực tiếp payment, and đá bóng trực tiếp Core Banking system confirms successful payment transaction.

2. For tax payment transactions at đá bóng trực tiếp counter: đá bóng trực tiếp tax payment date is determined as đá bóng trực tiếp date when đá bóng trực tiếp State Treasury or bank confirms đá bóng trực tiếp payment on đá bóng trực tiếp taxpayer's payment slip.

Thus, when taxpayers make payments at đá bóng trực tiếp bank, đá bóng trực tiếp tax payment date is đá bóng trực tiếp date on which they perform đá bóng trực tiếp transaction to deduct from their account to make đá bóng trực tiếp payment, and it is confirmed by đá bóng trực tiếp Core Banking system that đá bóng trực tiếp transaction has been successful.

Is it mandatory for banks participating in tax collection coordination to have a Core Banking system in Vietnam?

According to provisions in Clause 9, Article 2 ofCircular 134/2015/TT-BTC, đá bóng trực tiếp tax-collecting coordination bank, or fully termed “Bank cooperating with customs in tax collection,” is a bank that has signed a Cooperation Agreement with đá bóng trực tiếp General Department of Customs on coordinating đá bóng trực tiếp collection of tax payments and electronic tax guarantees.

Based on Article 6 ofCircular 134/2015/TT-BTCwhich states:

Conditions for banks participating in tax collection coordination

đá bóng trực tiếp bank must fully meet đá bóng trực tiếp following conditions:

1. Have implemented đá bóng trực tiếp Core Banking system.

2. đá bóng trực tiếp bank's IT system meets đá bóng trực tiếp requirement to connect and exchange information 24/7 with đá bóng trực tiếp customs electronic payment gateway, ensuring đá bóng trực tiếp safety and security of IT systems.

3. đá bóng trực tiếp bank's IT system has đá bóng trực tiếp function of tax payment collection at đá bóng trực tiếp counter and through electronic transaction channels.

4. Committed to having full equipment, technical infrastructure, and human resources; strictly complying with principles, processes, and responsibilities to meet đá bóng trực tiếp requirements of organizing tax payment collection coordination and electronic tax guarantee. Where đá bóng trực tiếp bank has specific conditions and has not met đá bóng trực tiếp condition in Clause 4 of this Article, đá bóng trực tiếp General Department of Customs will submit a document to đá bóng trực tiếp Ministry of Finance for each specific case based on ensuring safety, security, fairness, and efficiency.

Thus, a bank that coordinates tax collection with đá bóng trực tiếp customs authority is a bank that has signed a Cooperation Agreement with đá bóng trực tiếp General Department of Customs on coordinating đá bóng trực tiếp collection of tax payments, and electronic tax guarantees.

đá bóng trực tiếp first condition for đá bóng trực tiếp bank to participate in tax collection coordination is that đá bóng trực tiếp bank has implemented đá bóng trực tiếp Core Banking system and satisfies đá bóng trực tiếp remaining conditions such as:

- đá bóng trực tiếp bank's IT system meets đá bóng trực tiếp requirement to connect and exchange information 24/7 with đá bóng trực tiếp customs electronic payment gateway, ensuring đá bóng trực tiếp safety and security of IT systems.

- đá bóng trực tiếp bank's IT system has đá bóng trực tiếp function of collecting tax payments at đá bóng trực tiếp counter and through electronic transaction channels.

- Committed to having complete equipment, technical infrastructure, and human resources; strictly following principles, processes, and responsibilities to meet đá bóng trực tiếp requirements of organizing tax payment collection coordination and electronic tax guarantee. If a bank has specific conditions and has not fully met this condition, đá bóng trực tiếp General Department of Customs will issue a document to đá bóng trực tiếp Ministry of Finance to handle each specific case, ensuring safety, security, fairness, and efficiency.