Antigua And Barbuda Adopts AYSCUDA System
by Mike Godfrey, Lowtax.net, Washington
24 June, 2015
Antigua and Barbuda has announced the implementation of the Automated System for Customs Data (ASYCUDA), which it hopes will improve the administration of customs duties and cut the cost of doing business in the territory.
The territory is implementing the ASYCUDA World system, which is the third and latest generation of the ASYCUDA software, developed by the United Nations Conference on Trade and Development (UNCTAD).
The ASYCUDA World system makes use of modern information technologies, including e-signature, biometrics, and XML, to provide governments and in particular customs administrations with new tools to make dramatic improvements in the areas of security and trade efficiency, and aid in the fight against corruption. ASYCUDA World is expected to generate greater tax revenue for the territory and lower transaction costs.
The system will allow the Customs and Excise Division, trade operators, and other government agencies to transact and communicate via the internet.
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