TRIPS provides the complete solution.
It has been designed from the outset to support a totally integrated regime of revenue management and collection - including all direct and indirect taxes, customs duties and licences. It is based on an Oracle database and is available on a variety of platforms. Minimal training is required since the system is very user-friendly and simple to operate via an information screen.
TRIPS brings benefits at all levels.
For governments it leads to increased revenues through improved efficiencies and by reducing the possibility of fraud or non-compliance. It offers economies in administrative costs by eliminating duplication of effort. In addition, it provides an invaluable tool for tracking, modelling and projecting revenue income.
Trade facilitation is vital if a country's economy is to grow. TRIPS is able to support trade facilitation by ensuring that low-risk legitimate transactions are identified as such within the system and are allowed to proceed speedily through controls. To discourage abuse, a random factor ensures that no transaction is entirely free from scrutiny and, of course, all data is available for process clearance audit action as appropriate.
TRIPS is based on the concept of distributed data processing with standard multi-user facilities. It consists of a series of processing modules and report programs to meet the following business requirements:
Taxpayer Identification
The core of the system from which all other modules interface. Provides "unique number" identification of individual and company taxpayers and a database of all registered taxpayers.
Revenue Accounting
Provides all the accounting facilities necessary to manage an integrated revenue system and generates a complete picture of the status of taxpayers accounts across all tax and revenue areas.
Customs Controls
Enables the electronic processing of imports and exports, customs declarations, valuations and controls.
Intelligence and Risk Management
Provides inter-departmental sharing of information and a link between customs and other tax and revenue areas, enabling intelligence gathering , risk identification and targeting of criminal activities.
Audit and Assessment
Supports risk management through visit selection, based on taxpayer profiling. This function also provides for the on-line recording of visits.
Debt Management
Identifies non-compliance and generates automatic revenue recovery measures.
Management Information
Provides a comprehensive set of reports and an enquiries facility that allows management to monitor the proformance of all revenue streams.
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