13 February, 2024
REVOLUTIONIZING TAX ADMINISTRATION: The Gambia's Digital Excise Tax Stamp Initiative
By Aminata E.Sanyang
In a groundbreaking move towards modernization, the country's tax collection system is set to undergo a transformation, promising increased revenue generation and enhanced compliance, according to government officials. This marks a significant milestone in the government's broader efforts to reform the country's tax administration system.
The cornerstone of this initiative is the introduction of a digital excise tax stamp solution, designed to revolutionize the tracking and monitoring of excisable products in real time. This technological leap is expected to streamline operations for the Gambia Revenue Authority (GRA), enabling them to swiftly identify and prevent illicit trade and smuggling.
“Government is not out to increase any tax, in-terms of rate, what we are trying to do, is to bring efficiency in our work, you can only bring efficiency if you introduce digitalization”-Yankuba Darboe
Contrary to concerns about potential tax hikes, officials emphasize that the government's primary goal is not to increase tax rates but to bring efficiency to their operations through digitalization. The integration of this advanced solution aims to optimize workflow, ensuring a more streamlined and effective tax administration system.
The Gambia Revenue Authority has partnered with SICPA, a renowned provider with a proven track record in delivering secure and innovative solutions for tax and excise duty collection. This collaboration underscores the commitment to leveraging cutting-edge technology for the benefit of the nation's financial systems.
Months ago, the groundwork for this transformative initiative was laid as SICPA and the government formalized their collaboration through a signed agreement. The partnership outlines the strategic implementation of the digital excise tax stamp solution, demonstrating a shared commitment to advancing the efficiency, transparency, and effectiveness of the country's tax collection processes.
As the project unfolds, stakeholders anticipate a more robust and technologically-driven tax administration system that not only safeguards against illicit activities but also propels the country towards a more financially secure and digitally adept future.