Colombia
News

Tax agency unveils US$24mn unified IT system

Bnamericas Published: Wednesday, January 28, 2004
Colombia's tax and customs agency Dian will unveil Thursday plans to implement a unified IT system called Musica, which will replace some 80 software systems previously being used in its offices, local newspaper Portafolio reported. Total investment is expected to be around US$24mn, which will come from a US$70mn loan from the World Bank made in 1995. Full installation and operations are expected to begin in June. Dian does not plan to lay off staff but some will be redirected to new departments such as inspection and billing. The new IT system is part of a broader tax reform designed to reduce tax evasion and smuggling and boost tax revenues by 1bn pesos (US$367mn) this year.

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