The eFPS is the electronic processing and transmission of tax return information, including attachments and taxes due to the government, made over the Internet through BancNet Online.
China Bank serves as an authorized agent bank (AAB) under the umbrella accreditation of BancNet for this program.
China Bank is the first BancNet – member bank to be authorized by the BIR to handle corporate tax payments, using the BancNet Online infrastructure.
Available both for individual and corporate taxpayers, China Bank’s Corporate Tax Payment System allows clients to file and pay more than 20 different taxes online.
Among the documents that can be filed through the eFPS and paid through the China Bank’s Corporate Tax Payment System are income tax returns, value added tax returns, withholding tax returns, and summation of the list of sales and purchases.