The ministry is moving ahead with presidential mandates to raise the efficiency of public spending and ensure optimal use of state resources, Finance Minister Mohamed Maeet announced on Wednesday.
Digitisation facilitates integration between the tax and customs systems, thus tracking exports and imports more efficiently, starting with entry into the country to the consumer, the minister said.
This, in turn, will lead to better governance of economic activity, reducing the informal economy and increasing goods of local manufacture, the minister added.
This will enable the government to deal with the repercussions of successive global crises, Maeet said.
Meanwhile, the government can expand social protection targeting the most vulnerable, easing the burden due to inflation and improving living standards, Maeet added.
The ministry is unifying the databases of tax and customs payers, and linking the “electronic invoice” system that monitors commercial transactions in real time as well as the unified electronic platform for national trade window that monitors exports and imports in real time as well, he said.
This will help match invoice values with the codes of imported items in order to reducing tax evasion, he added.
As of April 1, traders who do not join the electronic invoice, will be prevented from dealing with the customs authority as importer or exporter, Maeet said.
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