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Sunday, 31 May 2020

FinMin is pushing for online customs payments

FinMin pushes online customs receipt submissions, payments: The Finance Ministry is looking to introduce electronic customs payments through state-owned e-Finance’s Corporate Payment Services (CPS) system to help cut down on foot traffic at banks and customs offices, Finance Minister Mohmed Maait said in a statement. The system would allow importers and exporters to make good on taxes and customs fees through the online portal, and falls in line with phase one of the government’s three stage plan to reopen the economy with authorities promoting the use of electronic payment, smart technology, and delivery services to reduce footfall at banks, shops, and public spaces.

Exporters and importers will also soon be able to submit custom duty receipts online through the Customs Authority or public-private special purpose vehicle Misr for Technology Services’ (MTS) websites, Maait said in a separate statement. We noted earlier this year that the Customs Authority was in talks with MTS and the National Telecommunications Regulatory Authority to set up a digital “one stop shop” for customs procedures.

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