To make it more convenient for the public, companies, and organizations to make payments to the National Treasury and to simplify the administrative procedures, the National Treasury Administration initiated in June 2013 a measure to process non-tax remittances to the National Treasury, speed up the collection of funds into the National Treasury, and improve the efficiency of government financial management. The measure is described below.
1. Payments can be made at any financial institution that remit funds. With locations throughout the nation, it is quite convenient for those making payments.
2. The service charge for remitting funds is generally NT$30 per transaction, but it can range from NT$10 to NT$100 per transaction.
3. Through the end of July 2022, 272,311 remittances totaling about NT$767.1 billion have been made, yielding the following benefits.
(1)It makes it easy for firms and people to go to a nearby financial institution to remit their payments.
(2)Online account reconciliation simplifies accounting treatment at agencies and meets the energy conservation and carbon reduction policy.
(3)It shortens the time and procedures of remittances to the National Treasury, resulting in a reduction of interest burdens of about NT$57 million for the National Treasury.