Egypt partners with IMB, SAP to automate tax system
The Egyptian Finance Ministry has entered into deal with US technology company IBM’s consulting arm and German software firm SAP to automate the country’s tax system, as part of the Egyptian government’s digital transformation strategy.
The two firms will equip Egypt’s finance ministry with a “comprehensive business operations automation platform,” Arab Finance reports.
Ten tax offices in Greater Cairo have already tried the new systems and authorities are expected to expand them to several other offices in the course of the year.
IBM Cloud Pak for Business Automation system will integrate artificial intelligence (AI) in the finance ministry’s tax-relevant processes.
The deal falls in line with Egypt’s plans for automation and digitalization of the Egyptian Tax Authority (ETA).
“The modernization of the current taxation system is also part of the Unified Tax Law and the national vision to maximize public revenues,” Egyptian finance minister Mohamed Maait commented.
Egypt’s general revenues is largely supported by tax returns that account for 75 per cent.