TALLINN - Estonian IT company Cybernetica has won a public procurement contract and signed a four-year framework agreement with the Tax and Customs Board and Information Technology Center of the Ministry of Finance for the development and maintenance of the income and social tax management system, which will also introduce data-driven reporting capabilities.
This system is crucial to the country's financial operations. Every month, more than 105,000 companies submit income and social tax declarations to the Tax and Customs Board, reporting payments made to nearly one million individuals. This accounts for approximately 50 percent of the state's revenue. Last year, over 9.1 billion euros in tax revenue was collected through the system.
"One of our strategic goals is digital and automated tax reporting. Achieving this requires implementing data-driven reporting within tax collection systems, allowing businesses to submit data directly from accounting software to the Tax and Customs Board without logging into the e-MTA portal," said Külli Külm-Kivistik, service manager at the income tax department of the Tax and Customs Board.
Cybernetica has been a development partner for the Tax and Customs Board and the Finance Ministry's Information Technology Center since 2003, working on the creation, modernization, and maintenance of various tax information systems.
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