July 18, 2024

Digital System for collection of public funds and revenue launched by UAE ministry of finance


The Ministry of Finance, MoF, has reported the dispatch of an advanced framework for the assortment of income and open assets. This is following the Ministry’s endeavors to receive sophisticated arrangements and to create procedures to gather national obligation as per global prescribed procedures, said an MoF explanation gave on Thursday.

The framework depends on the arrangements of Federal Decree No.15 of 2018 on the assortment of incomes and open store, and Ministerial Resolution to build up a significant hierarchical unit.

Younis Haji Al Khoori, Undersecretary of MoF, called attention to that the dispatch of the framework is a stage towards computerizing government monetary work as per the most noteworthy worldwide principles. The framework spreads out the structure that ensures the privileges of government substances and supports the administrative income of the board administration as per the methodology and laws of the government.

“The Ministry of Finance endeavors to utilize advanced arrangements that raise business productivity and diminish expected human blunders. The point is to improve the assortment of government income in accordance with the UAE Vision 2021. It also clings to the best administration expectations as we utilize these computerized arrangements at the government level,” Al Khoori clarified.

The assortment of income and open finances framework is robotized. It gives inventive procedures to check and gather national obligations, as specified in Article No.3 of the arrangements of Federal Decree-Law No.15 of 2018. The last explains the subtleties of income and open assets as per the provisions of the pronouncement. It incorporates charges, expenses, and eminences forced by a government law inside the state’s purview in enactment and execution.

Besides, it incorporates the charges and wages that the state gathers for the administrations it gives, regulatory fines, remuneration granted, the profits of the country’s ventures, and the whole due as a byproduct of the deal, rent or responsibility for reserves, or the utilization thereof.

In the new framework, the assigned MoF group will deal with the leaser bodies’ records submitted through the frame, check the documents, and guarantee that every applicable archive is altogether. If the indebted person’s report is moved to the courts using the electronic obligation framework, assortment by the courts using the financial balance will be made solely through bank moves.

Concerning the settlement inside the hierarchical unit, it will be done electronically, as a significant aspect of the service’s duty to robotize methodology to arrive at 100 percent digitisation ultimately, said the announcement.



Network International is committed to promoting financial inclusion and greater digital payment penetration in Egypt.
Network International to promote financial inclusion
Shaker Zainal, Chief Business Officer of Emirates Development Bank, and Bill Crawley, Founder & COO of TCP
EDB inks agreement with Trade Capital Partners
Together with the DIFC Innovation Hub, Zurich aims to empower start-ups in the insurance sector
Zurich Insurance joins forces with DIFC Innovation Hub
  • logo banner warba
  • Mutual Trust Bank Plc
  • Ahli United Bank


The business landscape is going through continuous change, which means that there are constantly new challenges arising in HR. This blog entails on few of the major challenges arising in 2024
Representational Image
ACCA announces the addition of new Emirati members to its Members’ Advisory Committee with a government-led goal of achieving a 10% increase in Emiratisation of the skilled workforce by 2026
CyberKnight announces VAD partnership with Forescout for META. CyberKnight to offer complete asset intelligence and control across IT, OT, and IoT to Forescout.