TCS wins $11.5 million project

Software exporter Tata Consultancy Services on Tuesday said it has won a contract worth $11.5 million from the Uganda Revenue Authority to design and install an integrated tax administration system. The new system would manage all domestic t axes and duties for the Uganda Revenue Authority (URA), including income tax, value-added tax, withholding tax and other excise duties.
URA has received financial support from DFID of the United Kingdom, Netherlands, Belgium and Government of Uganda to fund this project. Under the project, a suite of applications would be developed for monitoring key activities of a tax administration l ike registration, returns, payments, assessment, tax-payer accounts, audit, compliance, objections, appeals and investigations.
"With our strong domain expertise in executing tax administration systems for various tax authorities across the globe, TCS will assist Uganda Revenue Authority in business process re-engineering, capacity building and change management to improvise and optimise the business process execution jointly with URA management,'' said Mr Mr N Chandrasekaran, Chief Operating Officer and Executive Director, TCS.
TCS shares closed at Rs 843.95, nearly 1.61 per cent down at the Bombay Stock Exchange