DZIT shifts to more efficient revenue collection methods

DZIT shifts to more efficient revenue collection methods
Updated 05 September 2014

DZIT shifts to more efficient revenue collection methods

DZIT shifts to more efficient revenue collection methods

The Department of Zakat and Income Tax (DZIT) has announced the transformation of its revenue collection with SAP, a German multinational software corporation that makes software to manage business operations, in order to make revenue collection faster, efficient and accurate.
The announcement to this effect was made after a joint meeting in Riyadh on Thursday evening.
Commenting on the development, Ahmed Al-Faifi, managing director of SAP, Saudi Arabia said after the meeting: “By gathering and analyzing a large amount of data from a variety of sources, the Department of Zakat and Income Tax can match and mine the data to find irregularities and potential fraud, which would in turn increase government revenue.”
“The SAP platform will also enhance citizen services by supporting the online and mobile expansion of the Department of Zakat and Income Tax,” he added.
Furthermore, supporting the Kingdom’s rapid economic growth, SAP and systems integrator Invenio are providing the Zakat and Income tax department with the integrated business software platform to make revenue collection fast and efficient.
According to a SAP statement, the DZIT will deploy the SAP fraud management and SAP public sector revenue management solutions, powered by the SAP HANA platform, in May 2015.
According to SAP, it has deployed these solutions in more than 70 countries around the world and localized them to the Kingdom aiming to achieve the aims and objective.
Notably, Saudi Arabia, a member of the G20’s leading economies, is rapidly developing its knowledge-based economy with the DZIT collecting SR20 billion in revenue in the first half of 2014.