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BIR eFPS
The Bureau of Internal Revenue (BIR) has accredited UnionBank as premier provider of corporate e-payments for the Electronic Filing and Payment System (EFPS). With this facility in place, you are now able to e-pay your internal revenue taxes in an on-line and real-time manner.
How Does It Work?
The Corporate e-Payment facility provided to BIR is very simple. All you have to do is log-on to the BIR's eFPS facility, select an internal revenue tax to e-pay and choose UnionBank as your e-payment provider. You will be automatically directed to the Corporate e-Payment facility of UnionBank. In authorizing internal revenue tax payments, you have two options:
1.1st Option: AUTHORIZE NOW - This option allows you to e-pay your internal revenue taxes right away. A real-time acknowledgment number will be immediately generated as proof that your e-payment transaction has been successfully transmitted to BIR.
2.2nd Option: AUTHORIZE ePAYMENT LATER - This option has been introduced by UnionBank in conjunction with BIR's recent ruling called Revenue Regulations 26-2002 or the Mandatory Staggered eFiling of EFPS Taxpayers, which allows you to advance e-file your tax return forms without necessarily e-paying on the same date. This means that you will be able to follow your advance e-file schedule based on your industry grouping and at the same time, give you freedom to e-pay on your preferred date so you can maximize your funds. With this new feature, you can now log-on directly at the UNIONBANK website to authorize your e-payment transactions. A real-time acknowledgment number will be immediately generated as proof that your e-payment transaction has been successfully transmitted to BIR.
FACTORS | UNIONBANK | OTHER COMMERCIAL BANKS | GOVERNMENT BANKS |
Security |
ID & Password Authentication
PKI-Security |
ID & Password Authentication
PKI-Security |
ID & Password Authentication |
Fees & Charges |
NONE, Free of Charge |
One-Time Charge for Security Infrastructure
with a Monthly Maintenance Fee |
NONE |
Transaction Processing |
Real-Time, including real-time update to
BIR on tax payment details |
Real-Time |
Batch Processing (end-of-day) |
Auto-Advice Notification for successful
payments |
Auto-Email and Auto - SMS immediately sent
out to authorizers for successful tax payments |
Auto-Email |
NONE |
Safeguards against Duplicate Payments |
Available |
NONE |
NONE |
Payment Warehousing |
Available including auto-email notification
to authorizers for pending payment/s to BIR |
Available |
NONE |
Interest Earnings |
Available depending on volume of tax payments |
NONE |
NONE |
Auto – Advice Notification for
successful payments |
Auto-Email and Auto SMS |
Auto E-mail |
NONE |
Value - Added Services
- Absolutely FREE - no one-time charges, no monthly fees
- Contingency Measures to Guarantee On-time Payment All the Time
- Real-time, Online - no batch processing unlike other banks
- Real-time Auto-Advice Notification, via e-mail and/or SMS
Security Measures
- Safeguards against erroneous double-payments of same Tax Returns
- Fool-proof Registration that Enforces your Corporate Approval Policies
- Secure, Tried & Tested Internet Financial Transactions
- 256-bit strong Secure Socket Layer (SSL) Encryption
- Verisign® Secure Server to prevent any unwarranted transactions
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