KTFA:

Samson:  Finance Minister: We intend to implement the electronic data system in the Customs Authority

7th November, 2022

Minister of Finance Taif Sami confirmed, on Monday, that the ministry is determined to implement the electronic customs data system (ASYCUDA) in the General Authority of Customs.

The ministry stated in a statement that Mawazine News received a copy of it, that "Sami held an extensive meeting regarding the follow-up to the implementation of the phases of the automation project for the customs and tax sectors, in the presence of the Director-General of the Information Technology Department in the ministry, in addition to the assistant directors-general of the customs and tax authorities."

The Minister of Finance said during the meeting, that "the completion of the automation project will contribute to the development of customs departments and improve their performance, through the adoption of a single window, modernization of collection systems and the provision of a solid database, which in turn will achieve effective management as well as achieving financial sustainability and diversifying the economy in accordance with the principles of integrity, transparency and anti-corruption." 

She added, "The ministry seeks to turn customs departments into important sources to support the state treasury after oil revenues." She indicated, "The ministry is determined to implement the electronic customs data system (ASYCUDA) in the General Customs Authority, as a result of the efforts of meetings and continuous meetings with representatives of the technical and procedural team, the United Nations Conference on Trade and Development in support of the project."   LINK

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Finance: We seek to turn customs departments into important sources to support the state treasury  LINK  

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MilitiaMan:  The timing of this is not a coincidence.

The 2023 budget will have loads of support from the new digital electronic  ASYCUDA tax collection system. The revenues will likely meet or beat the oil income. The support for the economy is going to be massive.

The transparency it will bring will all but eradicate corruption and graft. Notice they have shut down the investment side of things. The Commission Chief resigned? How timely is that..

The ASYCUDA is not just arriving on scene.. No, it has been a work in progress.. In other words, imo they are already up and running and working.

They'll seamlessly adjust to the new international exchange rate imo..  Going from a debt based budget, they are going to an investment supported budget in and with the private sector.

The money flow is going to be massive. The claw back of stolen monies will also be massive as noted by the crime of the century of 3.7 trillion dinars..

 I am surely liking the news we have before us. The investment side of the 2022 budget has yet to be exposed.. Why?

Take a good guess.. It likely has what we are looking for.. imo ~ MM