Timor-Leste (East Timor) will create a “single window” that will reduce the current average time for processing imports and exports of nine days to between 12 and 36 hours by 2020, the coordinator of the tax reform commission said Tuesday.
“This is an electronic system that will eliminate all the paperwork, reduce administrative costs and delays, the possibility of errors and fraud and facilitate foreign trade,” said Fernanda Borges, cited by Portuguese news agency Lusa.
Borges also said that since 2013, the processing time for goods imported into Timor-Leste fell 37 percent, from 15 to nine days and will now take “between 12 and 36 hours in 2020.”
In 2015 the government of Timor-Leste began a tax reform programme, which includes measures to strengthen the integrity of government institutions that deal with revenue collection. (macauhub/TL)