1. Purpose

The establishment of processing flows for various national and local tax payment forms and automated flow of funds are to lower the burden of tax collection on the counter personnel of commissioned financial institutions and to lower personnel operating costs, to speed up and simplify tax collection and account posting, to greatly save tax collection authorities the cost and time of manual posting, recording, and entering the paperwork, to shorten the time tax collections reach the National Treasury, and to elevate the utilization efficiency of funds at the National (or government) Treasury.

2. Scope

Limited to payment forms for national and local taxes collected at the counters of commissioned financial institutions. Customs duty, taxes levied by the Customs on behalf of the authorities concerned, and tax payment notices for administrative execution are excluded.

3. Effective date: July 1, 2010.

4. Benefits

 (1)  For taxpayers

a. The problem of the flow of funds and the update of information being out of sync is resolved, which prevents taxpayers from being restricted from exiting the Republic of China, paying taxes more than once, and other disputes.

b. Shortens the time that taxpayers have to wait in line in commissioned financial institutions to pay their taxes.

c. Improves the efficiency at the counters of commissioned financial institutions and makes it more convenient for taxpayers to pay their taxes.

 (2) For commissioned financial institutions

a. Enhance the willingness of commissioned financial institutions to collect taxes on behalf of the authorities concerned.

b. Reduces the time and personnel costs of commissioned financial institutions.

c. Lowers the probability of errors from manual operations.

d. Reduces the burdens of tax collection on the staffers of commissioned financial institutions.

 (3) For tax collection authorities

a. Speeds up the operations of tax posting to proper accounts.

b. Saves the tax collection authorities a great deal of time and personnel costs in the posting operations.

c. Simplifies the process flows. Improves administrative efficiency and quality.

d. Ensures that the flow of funds and the update of information are kept in sync to improve the accuracy of tax payment files.

 (4) For the National (or government) Treasury

a. Shortens the time needed for tax collected to reach the National (or government) Treasury. Improves the efficiency of funds utilization.

b. Improves the managerial efficiency of commissioned tax collections for the National (or government) Treasury.