An innovative tool that allows
automation and improvement
The electronic billing (Tax) Management System“EBM’ is an innovative tool that allows automation and improvement in the flow of information among tax authorities, businesses, and consumers. The system links all stakeholders in the tax system electronically and sends real-time data to the tax authority on all transactions. This eases the payment of tax since the tax burden is already known.
The system also allows the payment of taxes through electronic channels reducing bottlenecks associated with calculations and the payment process. The tax authority receives the information of a commercial operation when an Invoice is issued or modified in real-time and can be transferred or verified by the tax authority directly or through the EBM system, this facilitates the traceability of all transactions.
The EBM system improves the administrative and fiscal control of the taxpaying process by
automatically recording all tax transactions for both the user and the tax authority.
Listed below are some of the
benefits of using the MECTS system
Eliminating bottleneck
Creating transparency
Seamless payments
Fraud reduction
Enhancing audit