(MENAFN) Saudi Arabia is studying its tax, zakat as well as customs systems in the middle of a drive to utilizing higher technology as the nation studies to surge financial actions, as stated by Minister of Finance Mohammed Al-Jadaan.
The minister was giving a speech at the Zakat, Tax and Customs Mating being hosted in Riyadh to talk about the international involvements and deliberate on the upcoming of the digitalization of such industries.
“We continue the development of the tax, zakat, and customs systems through the initiatives undertaken by the government, including the national program that will elevate economic activities and will improve economic conditions,” according to Al-Jadaan.
Al-Jadaan also noted that the force of higher technology is needed for the tax, zakat, as well as customs system for an improved result.
“Advanced technologies will enhance the tax, customs and zakat systems and will enrich the business community. It will also ensure that will also achieve qualitative leaps in this field. This conference will open new horizons of cooperation and to reach the best practices in combating the challenges,” he asserted.
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