Standard Bank adheres to the Single Electronic Window
Standard Bank has joined, on Friday last week, June 15th, the system of electronic tax collection, the Single Electronic Window (SEW).
The accession agreement, signed between the executive director of Standard Bank, Ken Cockerill and the President of the Revenue Authority, Rosario Fernandes, was witnessed by senior executives of both institutions at a ceremony held in Maputo.
With the accession of Standard Bank to this system, customers that have businesses with the outside world now benefit from the facilities provided by the combined channels of Standard Bank at national level and from this platform, which greatly facilitates customs clearance of goods, significantly reducing the time involved in each operation and reduction in bureaucracy.
During the ceremony on which the accession agreement was signed, the executive director of Standard Bank, Ken Cockerill, said that “this agreement is a clear demonstration of the commitment of Standard Bank on becoming a partner of the government, by making its channels available at national level for the use of the business people”.
Speaking on the occasion, the president of the Revenue Authority, Rosario Fernandes said that the accession of Standard Bank to the SEW will contribute to speed up the customs banking process that will result in greater transparency and integrity in the transmission of public assets and a greater sustainability and competitiveness of the national economy.
It should be noted that from January to May of this year the SEW showed a progress of 25% in relation to targets set by customs during the same period. The Revenue Authority has trained over 1,400 professionals, including officials and customs agents in order to meet the needs in terms of human resources for the Single Electronic Window project. Regarding the banking sector, 178 professionals were trained which corresponds to 12% of the total.
The accession agreement, signed between the executive director of Standard Bank, Ken Cockerill and the President of the Revenue Authority, Rosario Fernandes, was witnessed by senior executives of both institutions at a ceremony held in Maputo.
With the accession of Standard Bank to this system, customers that have businesses with the outside world now benefit from the facilities provided by the combined channels of Standard Bank at national level and from this platform, which greatly facilitates customs clearance of goods, significantly reducing the time involved in each operation and reduction in bureaucracy.
During the ceremony on which the accession agreement was signed, the executive director of Standard Bank, Ken Cockerill, said that “this agreement is a clear demonstration of the commitment of Standard Bank on becoming a partner of the government, by making its channels available at national level for the use of the business people”.
Speaking on the occasion, the president of the Revenue Authority, Rosario Fernandes said that the accession of Standard Bank to the SEW will contribute to speed up the customs banking process that will result in greater transparency and integrity in the transmission of public assets and a greater sustainability and competitiveness of the national economy.
It should be noted that from January to May of this year the SEW showed a progress of 25% in relation to targets set by customs during the same period. The Revenue Authority has trained over 1,400 professionals, including officials and customs agents in order to meet the needs in terms of human resources for the Single Electronic Window project. Regarding the banking sector, 178 professionals were trained which corresponds to 12% of the total.
