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Monday, 24 June 2024 15:38

Modernised IRD and Revenue Authority to change fiscal landscape Featured

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The Inland Revenue Department (IRD) is currently undergoing a modernisation process to support recent tax policy reforms moving towards the automation of its core activities in a bid to improve efficiency, transparency and financial flexibility, Finance Ministry sources said.

The online portal is being upgraded to simplify individual income tax filing and accelerate outreach to re-register VAT taxpayers who dropped out and finalise improvements of the Random Access Management Information System (RAMIS) soon.

RAMIS will be used to support the assessment of 2022/23 income tax returns and to administer and assess the Social Security Contribution Levy (SSCL) by end June 2024, with a view to reducing interactions between taxpayers and tax officials, a senior IRD official said.

“We will more broadly ensure that processing tax collections is only carried out through RAMIS (as of June 2024),” he added.

The ministry has developed a medium-term IRD modernisation strategy and Implementation Plan with IMF assistance and will have it fully documented and endorsed for implementation soon.

 

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