Utilise technology to implement plan

THE Internal Revenue Commission (IRC) has announced that it would design and set up an online sales registry system for all business to do electronic transactions.
The Taxation Office under IRC will automatically debit 10 per cent GST into a nominated IRC account from every operating account of individual registered companies.
Is the Taxation Office looking at employing Information Technology (IT) companies to develop this system?
For cash transaction, seven days is given for deposits which the aggregated GST is debited to capture all from evading GST, as in the present manual system.
The undersea cable is a new frontier for such a system to be developed to broaden the revenue tax base collection in real time.
It’s good to see the prime minister launching some Information Technology (IT) innovations for entrepreneur startups.
There are many areas to look into to create greater efficiency in any task or service to clients or returns to business.

Laven Gib,
Observer
NCD