A team from Invenio’s SAP Tax and Revenue Management specialists were appointed to support MIRA with implementing the new solution. Invenio offered significant expertise in delivering high-performance Tax and Revenue Management (SAP TRM) platform that enables the Maldivian tax authority to manage multiple tax types in one integrated system.
In addition, Maldivian taxpayers can now access the SAP Taxpayer Online Services (TPOS) portal to register and submit tax returns for the Business Profit and Goods and Services tax types.
The second implementation phase was commenced in July 2013 with another successful go-live on New Year’s Eve 2014. The goal was to widen the taxation base and the tax processing functionalities of the system, adding more tax types to the SAP environment.
The object-based taxes for tourism land rent, agricultural lease rent, company fees and motor vehicles are running now in parallel with the business profit tax and goods and services taxes, which were implemented in the first phase.
The activities of the second phase comprised data cleansing and migration of ten of thousands of master data records, instalment plans and open items from several legacy systems. Mass billing was performed across all tax types and periods in early January. Additional interfaces were deployed within the production environment to interconnect with the Police Department and the Maldivian Transport Authority.
The earlier implementation of Taxpayer Online Services (TPOS) in March 2013 completes the full picture and successful road map of available SAP products and online services in production within one tax authority. With the smooth go-live of these additional taxes, rents and fees, the most important revenue streams are successfully processed with SAP Tax and Revenue Management (TRM) solutions now.
The SAP system operations at MIRA have strengthened the revenue collection capability and capacity, and Invenio is very proud that the deployed solutions are further supporting the Government’s targets of fiscal consolidation and effective revenue increases for 2014 and in the upcoming years.