The Hindu Business Line : TCS gets $11.5-m Uganda deal

Mumbai, June 24 Tata Consultancy Services (TCS) has won an $11.5-million transformational deal to design, install and integrate a tax administration system for the Uganda Revenue Authority (URA).

The new system will manage all domestic taxes and duties for the URA, including income tax, value-added tax, withholding tax and other excise duties, according to a news release issued by TCS here.

The new system is an integrated solution that will help URA scrutinise the tax returns more effectively and improve compliance level by having a single and integrated view of the taxpayer, in addition to increased convenience for taxpayers.

URA has received financial support from the UK, the Netherlands, Belgium and Government of Uganda to fund this project.

“The new integrated system will reduce IT and operational costs and processing cycle times, while improving fiscal transparency and financial accountability,” said Mr N Chandrasekaran, Chief Operating Officer and Executive Director of TCS.

Citizen Portal

Part of the project encompasses a citizen portal which would act as the interface of the URA with its stakeholders and would ensure 24x7 availability.

The TCS scrip was down by 1.61 per cent to close at Rs 843.95 on Tuesday.

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