Fiji Time: 6:38 AM on Wednesday 18 October

Fiji Times Logo

/ Front page / Business

Bid to transform tax payment system

Pfip
Saturday, August 12, 2017

The Solomon Islands Inland Revenue Division (IRD) announced plans to modernise the Government's revenue management system, vastly transforming the tax and payment landscape in the Solomon Islands.

As a direct outcome of this modernisation project, an estimated 123,800 wage and salary employees, 200 corporate taxpayers and 3684 small businesses will be able to undertake tax-related transactions with the Solomon Islands Government in a timely and efficient manner.

The project, funded through the support of the Pacific Financial Inclusion Programme (PFIP), will result in end-to-end automation of the receipt, assessment, payment and reimbursement of all tax types involving both, corporate and individual clients of the IRD.

PFIP provided a grant of $US454,200 ($F916,817) and will create the linkages to the client, which either do not exist, or do not exist in a structured manner.

These key linkages are between the taxpayer and the IRD but also critically between the taxpayer and the formal financial system/ formal financial service providers.

Permanent secretary of the Ministry of Finance and Treasury Harry Kuma said the modernised system worked towards the Solomon Islands commitment under the Better Than Cash Alliance (BTCA) to use electronic payment channels.

"Given that 60 per cent of Government's revenue comes from the IRD, the modernised revenue management system will enable Government to drive greater efficiency, reach and provide quality services to the public."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62160.6026
JPY 56.274453.2744
GBP 0.37320.3652
EUR 0.42070.4087
NZD 0.69850.6655
AUD 0.63540.6104
USD 0.49810.4811

from

$0.00

Exchange Rate updated on 17th, October, 2017

Today's Most Read Stories

  1. Man allegedly hit by bulldozer blade, dead
  2. Faith, a true survivor against all odds
  3. Bati visits Ra villages
  4. 11 vye for Miss Fiji crown
  5. Fiji Airways to ground aircraft until cleared to fly
  6. 'Let's bring it to life'
  7. Full force for polls
  8. Affordable housing
  9. NCDs' shocking stats
  10. Health audit

Top Stories this Week

  1. 30 officers dismissed from force Friday (13 Oct)
  2. Final in mind Monday (16 Oct)
  3. Man allegedly hit by bulldozer blade, dead Tuesday (17 Oct)
  4. 'Hell on Earth' Thursday (12 Oct)
  5. Cyclones predicted to hit Fiji Wednesday (11 Oct)
  6. $8m drugs seized Friday (13 Oct)
  7. Villagers pass around eTransport card Monday (16 Oct)
  8. Plans for Bati Sunday (15 Oct)
  9. Unsolved mystery of MV Joyita Sunday (15 Oct)
  10. Fijian overstayers Thursday (12 Oct)