Dili, 12 April, 2017- The Fiscal Reform Commission and Customs Authority in collaboration with BNU Timor (Caixa Geral de Depósitos, S. A. – Permanent Representation) signed today the Cooperation Protocol on Electronic Payment System, in particular, Point of Sale Payment (POS) for the Customs Authority. The electronic payment will start at the Dili airport and the Customs Authority Central Office from 1 May 2018. Implementation at Batugade and Suai Border Post will be announced thereafter.
The Director General Customs Authority, Jose Fatima Abilio said:
“We are committed to building a modern and transparent customs administration. The technical experience and products provided by BNU will assist Customs in removing cash as a form to pay customs duties and fees. This is a significant step in achieving the custom reform objective and supports the implementation of the principle of legality.”
The Deputy Director of BNU Timor, Carolina Garcia da Silva Letra expressed “BNU’s pleasure to pioneer electronic payment system to collect revenue for the government and offered total cooperation to implement the protocol.”
This marks another milestone in the fiscal reform program to implement the Customs Code and improve the Customs Authority capacity to collect revenue, reduce the time to process imports and exports and facilitate trade in a secure and transparent manner.
The Fiscal Reform Coordinator, Fernanda Borges reinforced:
“That automation of payments in customs is necessary to increase efficiency in the collection of revenue, provide certainty to the importer and public that the revenue collected is for the State and facilitate trade to diversify and grow the economy.”
The Ministry of Planning and Finance through the Fiscal Reform Commission will continue to work with the Central Bank to create the capability to access other electronic payment facilities and involve other banks in the near future.
For further information, please contact: Cecilia Tilman Gonçalves, Fiscal Reform Commission,
on +670 7727 6436, email@example.com