The Business Management Department of the Chengdu Branch of the People's Bank of China has achieved a digital RMB tax payment of over 100 million yuan

This article is reposted from: People's Daily - Sichuan Channel

Ms. Li, the flexible employment insured, was instructed to use digital RMB to complete the payment of pension and medical social insurance fees in May through mobile banking. Provided by Jianyang Huayuan Street Branch of China Construction Bank

It is really convenient to pay taxes and fees through digital RMB, allowing us to fully experience the convenient tax experience brought about by financial and technological changes. Recently, a technology company in Chengdu paid employee social security for one transaction, 173100 yuan, and taxes for six transactions, 2.5741 million yuan through digital RMB.

In Jianyang, the relevant person in charge of Jianyang Huayuan Street Sub branch of China Construction Bank guided Ms. Li, the flexible employment insured, to complete the payment of pension and medical social insurance fees in May by using digital RMB through mobile banking. Digital RMB retail payment has received high praise from customers for its security, convenience, and efficiency. The person in charge stated that the next step will continue to optimize the functions related to digital currency in areas such as non-tax collection, subsidy distribution, and treasury tax refunds, in order to make more valuable exploration and practice for the organic combination of digital RMB and treasury services.

These cases of using digital RMB are only a microcosm of promoting the digital RMB tax payment and return business. Since the beginning of this year, the Business Management Department of the Chengdu Branch of the People's Bank of China has fully played the fundamental role of digital RMB in efficiently serving economic development, improving public services, optimizing business environment, and other aspects. On the basis of the "pilot first" initiative in 2022 to achieve the application of digital RMB treasury business in the entire Sichuan province, it has done a comprehensive promotion work. From January to April this year, it organized the promotion of digital RMB in Chengdu Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of China China Construction Bank and Postal Savings Bank institutions have achieved a total of 111 million yuan in digital RMB tax payment, social security fees, union funds, and remote tax payments.

It is reported that the implementation of digital RMB tax payment business is a beneficial innovation in the field of national treasury, further promoting the application of digital RMB in the provision of public services and enhancing the convenience of tax handling. In order to promote the payment of taxes and fees in digital RMB, the Business Management Department of the Chengdu Branch of the People's Bank of China will organically combine "benefits to the people, safety, and timeliness", establish a working mechanism of "treasury, tax, and bank" multi-party participation and coordination in collaboration with tax and commercial banks, conduct multiple in-depth research and organize meetings, and work hard in organizational management, institutional norms, fund security, and efficient and controllable processes, working in full cooperation with tax authorities, Continuously refine systems and plans, optimize business processes, and ensure timely and accurate payment of taxes and fees in digital RMB into the national treasury. Under the work concept of "pilot first and breakthrough item by item", the Business Management Department of the Chengdu Branch of the People's Bank of China has organized 13 branches within its jurisdiction to collaborate with local tax bureaus to guide banking institutions in continuously optimizing and transforming the system. Currently, the digital RMB tax payment business has been fully covered in the Chengdu area.

Next, we will summarize our experience and practices, closely follow the development needs of the digital economy, adhere to the principle of voluntary choice by taxpayers whether to use digital RMB for payment and return of funds, organize more business channels in Chengdu Bank, steadily promote business application scenarios such as digital RMB payment of taxes and fees, and return of funds, promote the safe, orderly, and innovative development of new businesses, focus on meeting the diverse service needs of the people, and further assist Chengdu Optimize the international business environment The relevant person in charge of the Business Management Department of the Chengdu Branch of the People's Bank of China said. (Guo Ying, Liao Xinyu)