Dili, Timor-Leste – The Minister of Finance, Rui Augusto Gomes, accompanied by the Vice-Minister of Finance, Dra. Sara Lobo Brites and the Governor of the Central Bank of Timor-Leste, Abraão de Vasconselos, met on Friday afternoon, March 5, 2021 and officially launched the tax payment via Automated Teller Machine (ATM) P24.
More than seventy people attended the launch event at the Auditorium room, Kay Rala Xanana Gusmão, Ministry of Finance. Attendees ranged from the representatives of the relevant Government line ministries, Commercial Banks, Private Sector, and the relevant management of the Ministry of Finance and the Central Bank of Timor-Leste.
In his remarks, Minister Gomes stated that the launch of the tax payment via ATM P24 was an important milestone for the Tax Authority, Ministry of Finance in the context of fiscal and public financial management reforms. A reform agenda which was initially started off by the V Constitutional Government and the VIII Constitutional Government is fully committed to push this reform agenda.
“This tax payment feature is a way to facilitate the tax payers in fulfilling their fiscal obligations. Going forward, they will be able to pay their taxes via ATM P24 in any commercial bank,” said Minister Gomes, in his remarks. “This will ease-up the congestion within the public administration services, reduce the transaction costs as well as use of the papers. It will also help the Government through the Ministry of Finance to collect the revenue in a fair and transparent manner,” he concluded.
This tax payment feature will complement the e-Services – online platform which was inaugurated by the Vice-Minister of Finance, Dra. Sara Lobo Brites, last year. As of today, around four thousands tax payers have been benefited by this e-Services platform. The creation of these online platforms were under the stewardship of the Vice-Minister of Finance, Dra. Sara Lobo Brites. In the future, P24 will be integrated into the e-Services platform whereby taxpayers can also pay taxes online anywhere and anytime.
On the same occasion, the Governor of the Central Bank of Timor-Leste, Abraão de Vasconcelos stated that the current tax payment services will start with four types of taxes namely, Wages Income Tax, Withholding Tax, Income Tax and Service Tax. Further, the Governor also commented that giving people access to these services is a key strategy of the Central Bank to modernize, strengthen and develop the financial sector to support the economic growth.
The launch event was concluded with the signing of the Memorandum of Understanding (MoU) between the Tax Authority, Customs Authority and the Financial Information Unit. The MoU will facilitate these three Authorities to better coordinate and exchange information in relation to the prevention of any suspicious activities related to the money laundering and other illicit criminal activities.