Agent Products
(I) Collection of Non-tax Revenues of Treasury
1. Product Definition
It means that the Bank, as an agent bank, collects non-tax revenues of treasury to meet social public needs or quasi public needs.
2. Product Features
◆The non-tax revenues of treasury is collected by governments, state organs, public institution, social groups acting government roles with government power, government reputation, state resources, state assets or via the provision of specific public service or quasi public service.
◆It provides inter-bank internet payment platform via electronic channel, e.g. internet.
3. Target Customers
Financial customers at various levels.
(II) Agency Centralized Payment of Treasury for Financial Department
1. Product Definition
It means that based on single account system of treasury and supported by sound financial payment information system and inter-bank real time settlement system, budget organizations pay the payee via single account system of treasury according to specified purpose.
2. Product Features
◆The Bank can conduct agency centralized payment of treasury for financial department at various levels, including central, provincial, municipal and country level;
◆When budget organizations need to purchase goods or make the payment for labor service, such budget organizations submit application for approval by the centralized payment department of treasury.
3. Target Customers
Financial customers at various levels
(III) Transverse Networking of Tax, Treasury and Bank
1. Product Definition
It means that based on PBC’s treasury information processing system, the Bank conducts instant transfer of tax revenue, declaration and contribution at bank end, batch transfer of tax revenue at definite time and electronic account check by using IT and internet technology.
2. Product Features
◆Accelerate the time for tax collection, transform the traditional delivery model of tax receipt, and realize instant deduction and collection of tax amount.
◆Improve tax department’s work efficiency on processing declaration and contribution of tax and the accuracy of relevant data, and lower the collection cost for tax department.
◆Facilitate taxpayers to pay tax nearby
3. Target Customers
Tax departments at various levels
(IV) Agent Collection and Payment of Social Security Fund
1. Product Definition
As authorized by social security agencies, the Bank conducts agency collection and payment of social security fund (including pension fund, basic medical insurance, work injury insurance fund, unemployment insurance fund and maternity insurance) by utilizing the Bank’s settlement facilities.
2. Product Features
◆Help social security agencies to improve efficiency and lower cost in collection.
◆Facilitate insured organizations/individuals to pay social security fee.
◆Help social security agencies to pay pensions regularly.
3. Target Customers
Financial and social security administration departments and agencies at various levels, and insured organizations and individuals.
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