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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Mazhar Muhammad Salih: Electronic Taxation Helps Combat An Important Aspect Of Financial Corruption

    Rocky
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    Mazhar Muhammad Salih: Electronic Taxation Helps Combat An Important Aspect Of Financial Corruption Empty Mazhar Muhammad Salih: Electronic Taxation Helps Combat An Important Aspect Of Financial Corruption

    Post by Rocky Fri 02 Jun 2023, 4:45 am

    Mazhar Muhammad Salih: Electronic Taxation Helps Combat An Important Aspect Of Financial Corruption
    01/06/2023
    1415


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    Earth News / The economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Thursday, that electronic taxation helps combat an important aspect of financial corruption, indicating that it will enable the financial administration to spend and act without facing temporary deficits in financial revenues.
    Counselor Saleh said in a statement to Earth News: “The electronic taxation has an important contribution to the speed of cash flow and collection within the framework of maximizing public revenues in the annual general budget, instead of the disruption, stagnation and accumulation of financial revenues in the collection units and through separate sub-accounts for months and even years sometimes without benefit.” Among them, the electronic collection due to the interconnectedness of the systems will be more rapid in flow, collection and spending, and it is characterized by high accounting transparency and achieves the principles of financial governance, especially when the so-called unified treasury account is available (which is a unified accounting center that reflects an accurate and timely picture of the cash flow from the collections and expenditures of public finances and in all Moment)".
    He added, "Thus, electronic collection will enable the financial administration to disburse and act without facing temporary deficits in financial revenues due to delays in collection and collection by traditional methods, which are still caused by collection methods in their primitive forms."
    He explained, "On this occasion, encouraging allowances can be granted to payments made through electronic collection in exchange for setting an additional wage when resorting to traditional collection, and this generates an effective differentiation between the two types of collection in the interest of the progress and development of government digital payment systems."
    "Finally, we can note that electronic taxation as a system will help you combat an important aspect of financial corruption that is achieved through traditional collection methods that are based on cash payment for government services by individuals, and the costs, burdens and problems it causes when collecting," he added.

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