• Email to friend
  • The Nassau Guardian Facebook Page
  • RSS Feed
  • Pinterest


Govt contracts with provider of key tax software

Software will allow recording of ‘tax compliance information’

Published: Oct 30, 2013

  • Share This:

    Share on Facebook Share on Twitter Email to friend Share

  • Rate this article:

The Ministry of Finance’s VAT (value-added tax) implementation team announced yesterday that it has made a selection from 10 companies of a provider for an integrated tax administration system.

Data Torque software is said to meet the criteria required of the Inter-American Developmental Bank (IDB) in technical competence and costs, and appears to be “the best solution to record tax compliance information,” it was stated in a release issued by the government.  On June 11, the ministry received the tenders and created a short list for the potential vendor supply, integration, training, technical support, implementation support and installation of an Integrated commercial-off-the-shelf (COTS) software solution and hardware platform for an integrated tax administration and Information System (ITAIS) to be used by the Central Revenue Agency for the administration of the various taxes under its purview.

Companies were evaluated on the basis of five requirements: Ownership of an ITAIS that meets the requirements of the contract; experience in meeting government deadlines and budget restraints; proven capacity to install, implement, operate and support COTS software solutions; availability of qualified professionals to tailor and implement the context of COTS in The Bahamas, and experience in developing and delivering web-based solutions.

“The proposals received were evaluated using the Kepner-Tregoe Matrix, a formal weighted objective decision-making model, designed to compare vendor software based on the priority of required functions and how well the vendors’ solution meets the users’ expectations.

“The overall analysis result shows the percentage-best-fit of the software to the users’ needs in request for proposal (RFP) compliance, functional requirements, non-functional requirements and reference sites, etc,” said the release.

The RFP evaluating team comprised members of the Ministry of Finance, the Central Revenue Agency, the Value Added Tax Implementation Team, the Department of Information Technology (DIT) and the Department of the Auditor General.

This content has been locked. You can no longer post any comment.


  • http://www.ansbacher.bs
  • http://www.walkinclinicbahamas.com
  • http://www.cfal.com
  • http://www.colinageneral.com
  • http://www.Colina.com