Digital system for revenue, public funds collection rolled out

dubai — The UAE Ministry of Finance has announced the launch of a digital system for the collection of revenue and public funds. This is in line with the ministry’s efforts to adopt digital solutions and to develop processes to collect national debt in accordance with international best practices, said a statement issued on Thursday.

The system is based on the provisions of Federal Decree No.15 of 2018 on the collection of revenues and public fund, and Ministerial Resolution to establish a relevant organisational unit.

Under-secretary Younis Haji Al Khoori pointed out that the launch of the system is a step towards automating government financial work in accordance with the highest global standards.

The system lays out the framework that guarantees the rights of government entities and supports the federal revenue management governance in accordance with the procedures and laws of the federal government, he noted.

“The Ministry of Finance strives to use digital solutions that raise business efficiency and reduce potential human errors. The aim is to improve the collection of government revenue in line with UAE Vision 2021,” he added. —