Krungthai Bank to transfer tax refunds via Prompt Pay
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Krungthai Bank has announced it is now fully ready to utilize the National E-Payment system ‘Prompt Pay’ and will starting January 4, 2017 use it to transfer senior citizen and disability stipends as well as tax refunds for the public.
Vice President for Business Finances at Krungthai Bank Songpol Cheewpanyaroj has announced that from January 4 2017 onward, Krungthai, as the bank tasked by the Revenue Department with forwarding tax refunds to citizens signed on to the Prompt Pay system, will begin doling out the funds through the e-payment method. He noted that citizen can continue to register for the system between January 1 and March 31 so that they may use it to receive their refund.
In February, the bank will also be using Prompt Pay to distribute government stipends to the elderly and disabled and urged those eligible for the assistance to register for Prompt Pay soon.
At present, over 2.2 million citizens are in the Prompt Pay system, which was already used to disperse low-income earner aid to some 300,000 people.
Questions & Answers
Q.Which specific payments will Krungthai Bank be distributing via Prompt Pay?
Which specific payments will Krungthai Bank be distributing via Prompt Pay?
Krungthai Bank will use Prompt Pay to transfer senior citizen and disability stipends, as well as tax refunds for the public. It will also distribute government stipends to the elderly and disabled through the system.
Q.When will Krungthai Bank start using Prompt Pay for tax refunds?
When will Krungthai Bank start using Prompt Pay for tax refunds?
Krungthai Bank will begin doling out tax refunds through Prompt Pay from January 4, 2017. This is when the bank, tasked by the Revenue Department, will start forwarding funds to citizens signed onto the system.
Q.Who is currently able to receive funds through the Prompt Pay system?
Who is currently able to receive funds through the Prompt Pay system?
The Prompt Pay system has already been used to disburse low-income earner aid to approximately 300,000 people. At present, over 2.2 million citizens are registered within the system.
Q.What is the deadline for citizens to register for Prompt Pay if they wish to receive their tax refund through it?
What is the deadline for citizens to register for Prompt Pay if they wish to receive their tax refund through it?
Citizens can continue to register for the Prompt Pay system between January 1 and March 31. Registering within this timeframe will allow them to use the system to receive their tax refund.
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