Source: VTB
VTB has started issuing electronic tax guarantees to clients from large corporate business.
This service allows VTB corporate clients to significantly speed up the submission of documents to the Federal Tax Service and also the reimbursement of taxes paid. VTB has previously launched a service for issuing electronic bank guarantees to customers of medium and small businesses.
The electronic tax guarantee is signed with an enhanced qualified electronic signature and transmitted to the client via the VTB Business Online Remote Banking System for further transmission through electronic document management channels to the tax authorities.
Vadim Kulik, Deputy President and Chairman of the Management Board of VTB, said:
"VTB's priority in implementing this technological transformation is to create the most convenient and secure services for our customers. One of the most important tasks for us is to create digital solutions that speed up routine processes and allocate time to solving strategic tasks for corporate clients. The service for issuing electronic bank guarantees to clients from large corporate businesses is another step in this direction. The service’s digital solutions not only allow customers to speed up the refund of taxes paid but also brings the security of the process to a new level by increasing the system’s reliability.”
Konstantin Savelyev, Head of the Documentary Business Department for Transactional Business, Senior Vice President of VTB Bank, said:
"Our bank's priority is to develop digital processes and reduce paper document flow, so the launch of electronic tax guarantees is another new digital solution that will be in demand among our large business customers. We plan to scale up the digitalization of projects and fully transfer the documentary business to the digital space.”
VTB continues to actively develop digital services for documentary operations: in December, VTB Bank was the first in Russia to issue a digital bank guarantee in the mode of commercial operation of the Russian blockchain platform Masterchain - the first certified blockchain platform that uses cryptographic information protection tools.