CASTRIES, St Lucia -- The OECS Secretariat is to present the official project launch for the regional tax e-filing system financed under OECS electronic government for regional integration project (EGRIP) on Monday in Rodney Bay, St Lucia.
The overall development objective of EGRIP is to promote the efficiency, quality, and transparency of public services in the beneficiary countries, through the delivery of regionally integrated e-government applications that take advantage of economies of scale.
The front end tax e-filing system has been designed to enable electronic registration; filing of declarations and returns; electronic payments of taxes; interfacing in principle, with any underlying core tax administration system; and allowing for integration with the banking system for payments and refunds, including payments through a future regional payments gateway.
Hence the front end tax e-filing system is also anticipated to help member states boost investment and reduce expenditure.
The developers of the new system will facilitate a five-day inception workshop for major stakeholders involved in tax administration including permanent secretaries, tax comptrollers and information technology staff.
The governments of Dominica, Grenada, Saint Lucia and St Vincent and the Grenadines have each received soft loan financing in an amount equivalent to US$2.4 million, from the World Bank, for implementation of EGRIP. The loans are provided under a special facility of the concessional lending arm of the World Bank, the International Development Association (IDA).