A lot of new things in payment of tax refunds
(Thomson Reuters ONE) -
Tax refunds will be paid into bank accounts on Thursday, 5 December. The related
money transactions will be executed according to the SEPA standards for the
first time, which is why the amounts will not be in bank accounts immediately
after the midnight as in prior years.
What is also new is that this will be the first time that Pohjola Bank acts as
the intermediary of tax refunds which are paid on a centralised basis through a
single bank to other banks.
Around 3.3 million people will receive tax refunds totalling some 2.3 billion
euros.
Tax refunds were previously entered in bank accounts immediately after the
midnight but now within the SEPA environment they will be entered during that
day as any other payments.
Payees who have not informed the Finnish Tax Administration of their account
numbers will receive their refunds in the form of money orders that will be sent
a total of around 50,000 payees. Customers of all banks may cash in their
refunds at any OP-Pohjola Group member cooperative bank branch from 12-14
December.
Following a competitive tendering procedure, Pohjola won a seven-year contract
in autumn 2011 to act as the intermediary of government payments. This
cooperation will begin on1 December.
For more information, please contact: OP-Pohjola Newsroom, tel. 050 523 9904
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group's mission
is to promote the sustainable prosperity, well-being and security of its owner-
members, customers and operating regions through its local presence. Its
objective is to offer the best and most versatile package of loyal customer
benefits on the market. OP-Pohjola Group consists of some 200 Group member
cooperative banks and the Group's central institution OP-Pohjola Group Central
Cooperative with its subsidiaries and closely related companies, the largest of
which is the listed company Pohjola Bank plc. The Group has a staff of over
13,000. OP-Pohjola Group posted earnings before tax of EUR 518 million in 2011
and had total assets of EUR 92 billion on 31 December 2011. The Group has over
four million customers.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1660001]
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 206099
Anzahl Zeichen: 2997
contact information:
Town:
POHJOLA
Kategorie:
Business News
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