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Wednesday , August 17 2022

Tax system issue back

This post has been read 21347 times!

KUWAIT CITY, June 22: The issue of the Integrated Tax System (ITAS), which the Ministry of Finance seeks to introduce, has returned to the fore, as the ministry is now required to take its final decision regarding the company that will undertake this important step in the tax sector in the ministry before the date of next July 8, reports Al-Anba daily. The tax sector’s endeavor in the Ministry of Finance to introduce the Integrated Tax Management System (ITAS), comes within the framework of the continuous development processes of the sector, while these systems were specifically identified as helping the Ministry in managing the current tax laws, and any other laws that may be introduced in the future.

In this regard, “al-Anbaa” learned, through its informed sources, that the Ministry of Finance received a single financial offer regarding the practice of supplying, installing and operating the Integrated Tax Management System (ITAS), and that the bid submitted in connection with this practice came at a cost that may reach about 5.5 million dinars. And that the Ministry of Finance has a period that extends until mid- July to study the bid, make appropriate recommendations and take the appropriate decision in this regard.

The tax administration in the Ministry of Finance began ambitious projects years ago to develop its business, which included providing advisory services for the development of tax administration and the selection of a suitable company to provide the integrated tax management system and related services, as well as providing project management, change management and quality assurance services during the development of the Integrated tax administration system in the ministry.

Through these advisory services, the ministry aims to study the current status of taxation procedures, evaluate the current organizational structure, prepare a report based on the current and future situation and provide the necessary recommendations and prepare a future vision for the taxation model, develop the engineering structure for information systems, design future work procedures, and develop the structure including preparing the job description, preparing the request for proposals to select a suitable system and supplier for the development of the integrated tax management system and related electronic services.

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