ILOILO — For the first time in Western Visayas, taxpayers here will soon have the option of paying online to avoid the inconvenience of paying real property taxes the traditional way.
Using the ePayment Portal of the Landbank of the Philippines, taxpayers will have the optimal, alternate and automated electronic payment channel in paying their taxes come May 2016.
It developed following the signing of the memorandum of agreement between the two parties for the electronic bills payment project earlier this month.
Landbank’s ePP is an internet-based payment channel designed to accept payments of real property taxes and other fees from taxpayers of Iloilo.
It aims to decrease the direct and indirect costs associated with physical cash handling and increase the immediate accountability and tracking of financial flows.
It is also seen as the solution in de-clogging the traffic at Provincial Treasurer’s Office and in minimizing its operational costs.
The system will give taxpayers the electronic banking service experience of simply logging in to https://epaymentportal.landbank.com for safer and speedy delivery of funds.
“Because of this, taxpayers from Carles don’t need to travel 135 kilometers to reach the city. All they need to do soon is to pay online,” said Governor Arthur Defensor Sr.
The governor stressed that this innovation will go a long way in improving the services and tax collection efficiency of the provincial government.
The new system is putting actions to the governor’s mantra “reform and change”, added Provincial Administrator Raul Banias, since transactions will be much easier and transparent once it is implemented.
The ePP facility allows users to inquire in real-time and download reports of successful payment transactions.
PTO is now moving into cash-less system where taxpayers do not have to carry around with them their money, according to Provincial Treasurer Dr. Melba Sullivan.
Maximizing the use of available technology to provide taxpayers quality service 24/7 is a testament of good governance “and assurance that their money is safe with us,” she said.
Only the taxpayers with existing ATM savings account, Landbank Visa debit cards, current account with ATM access, institutional cardless ATM account (savings account) and institutional cardless checking ATM account can access the system.
It will also be open soon to Landbank cash cards holders, BancNet-member banks and to those with Visa credit card and Mastercard.
Landbank is the fourth biggest bank in the Philippines with an asset of over a trillion pesos.
It has 351 branches, 1,328 automated teller machines and over five million cardholders nationwide.JAN