Egypt calls on IBM, SAP to automate tax system – ITP.net

  • Date: 09-Mar-2022
  • Source: ITP
  • Sector:Economy
  • Country:Egypt
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Egypt calls on IBM, SAP to automate tax system – ITP.net

IBM and SAP have signed on to automate the Egyptian tax system in collaboration with the country’s finance ministry as the North African country works on its digital transformation strategy.

IBM Consulting, in collaboration with its strategic partner SAP, is providing an integrated solution that is based on the SAP Tax and Revenue Management for Public Sector package. The package is designed to equip the Ministry of Finance with a comprehensive business operations automation platform to help streamline and automate its business processes into intelligent workflows, enhance collaboration and elevate its citizen experiences. The system was successfully piloted with 10 tax offices in Greater Cairo and will continue to expand across Egypt later this year.

Taxes represent more than 75 percent of Egypt’s general state revenues, and the Egyptian Ministry of Finance kicked off a comprehensive national project for the automation and digitalisation of the Egyptian Tax Authority processes and procedures to integrate the informal economy into the formal economy, enhance governance over tax return, list the tax community more accurately, and expand the tax base, to lay the foundations for tax justice, and fair competition in markets.