THE Department of Finance (DOF) has made it easier for importers to apply for tax and duty exemptions from its revenue office.
The enhancement of the DOF’s Tax Exemption System (TES), which was replaced by the web-based TES lite, is among the digitalization initiatives undertaken by the DOF.
“These digitalization initiatives include heightened security measures to make our systems safe from malware and possible cyber attacks,” Finance Secretary Carlos G. Dominguez III said.
Apart from this, the DOF has also put in place an enhanced web-based system for the reporting and processing of data on debts and liabilities of government-owned and -controlled corporations (GOCCs).
The GOCCs Liabilities and Monitoring System (GLAMS) covers national government (NG)-guaranteed, on-lending from NG, and non-NG guaranteed loans, as well as the loan status, and other forms of liabilities, contractual obligations, and other relevant information related to GOCC debts.
“It aims to streamline the GOCCs’ data reporting process through paperless and direct input from the GOCCs. This provides us a comprehensive set of debt data and other information about the liabilities of GOCCs to better assist the DOF in its debt analysis and formulation of financial strategies for these state-run corporations,” Dominguez III said.
To better monitor the status of bills filed in Congress, the DOF has set up a Legislative Management Portal, which contains data on the DOF’s proposed reforms that require congressional approval, as well as other bills that need the Department’s inputs; relevant documents; and schedules of committee hearings in the Senate and the House of Representatives for easy reference.
The DOF’s Privatization and Management Office (PMO) has also enhanced its existing Asset Register Information System (ARIS) to include the upcoming integration of additional information for legal cases tied to specific assets, and verification documents to check the accuracy of the asset details in the registry.
It also adopted a data analytics reporting tool to extract relevant data from the ARIS and present them in an easy-to-read executive dashboard.
The PMO also digitized its Transfer Certificate of Title Database; modified and updated its Document Tracking System to easily track all incoming documents that were acted on with the corresponding outgoing documents; and utilized the latest version of the Commission on Audit’s Electronic New Government Accounting System and Electronic Budgeting System to improve its internal financial processes, to name a few.
Dominguez said the PMO has already received the endorsement of its 2022-2024 Information Systems Strategic Plan from the Department of Information and Communications Technology to support its computerization projects for the next three years.