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KUWAIT CITY, Nov 6: The Central Agency for Public Tenders (CAPT) has extended for 30 days the period for studying bids for the Ministry of Finance to supply, install and operate the Integrated Tax Management System (ITMS), reports Al-Anba daily quoting sources. Sources said the agency asked the ministry to push the applicants to complete the required documents, indicating seven local companies submitted their bids for the project that will be awarded to the winner upon obtaining approval from the regulatory authorities.
Sources disclosed the ministry aims to introduce the advanced tax system in the country; as the winning bidder is expected to have experience in developing and installing an integrated tax management system in other countries, in addition to consultants with the relevant development and implementation experience. Sources added the ministry is looking for a tax system that is widely applied and known worldwide and proven to be technically successful. Sources also stressed that no program or system developed and built internally will be accepted. Sources explained the integrated tax system will depend on expertise from abroad, as this project is the first of its kind in the country. Sources pointed out the current tax expertise in Kuwait is very poor, so the most appropriate option now is outsourcing.