Sogema Technologies wins contract to upgrade the Integrated Tax Management System (SIGTAS) to the government of the Virgin Islands
Sogema Technologies has signed a contract to upgrade the Integrated Tax Administration System (SIGTAS) to the Government of the Virgin Islands.The project, financed internally by the Government of the Virgin Islands, aims to modernize the revenue administration system of the Inland Revenue Department (IRD) of the Ministry of Finance.
A long-term partnership
The Government of the Virgin Islands is our fourth (4th) SIGTAS client to upgrade to the newest version, SIGTAS 3.0, following the Republic of Mali, the Republic of Senegal, and the Government of Timor-Leste. Sogema Technologies is proud to continue to support, evolve and extend its long-term partnership with the Government of the Virgin Islands through the SIGTAS 3.0 solution, which will provide extensive benefits both the IRD and the Virgin Islands taxpayers. This upgrade will help the Government of the Virgin Islands to increase the degree of voluntary compliance and lower the cost of conformity for both the Administration and the taxpayer.
The road to improved Tax Administration Compliance
The implementation of the upgraded and proven SIGTAS 3.0 solution will allow the Government of the Virgin Islands to increase its capacity to collect taxes and drive government revenues in a transparent and accountable manner, thereby supporting public sector investments in areas such as education, health, and infrastructure. In line with Sogema Technologies mission, the latest version of SIGTAS will contribute to Virgin Islands’ progress towards modernization and improved the overall socio-economic well-being of the country and its citizens. The SIGTAS 3.0 solution will introduce new features allowing the IRD to move to the next level of Tax Administration compliance, which will include the ability for taxpayers to submit their tax returns and make payment online. These new processes are expected to support tax and provide the foundation for the Government of the Virgin Islands to execute and automate its economic policy, while increasing collection rates and raising overall revenues for the country. The new system will also seek to optimize decision-making and improve collaboration between the IRD and external entities to help prevent tax evasion.
Advanced Taxpayer Services
The implementation of the new solution will also allow the Government of the Virgin Islands to offer an array of online services to the taxpayers to facilitate easier taxpayer compliance such as fully moving its systems to a digital platform and thus allowing taxpayers to register online and remotely (e-Registration), submit their tax returns online (e-Filing), and pay for their taxes online (e-Payment).
About Sogema Technologies
Sogema Technologies develops, integrates, and implements citizen-centric Revenue Management solutions to support public institutions in executing their fiscal and compliance strategies while building a scalable foundation for sustainable economic growth with improved public services.