Electronic Financial Data Management System

Payment Systems is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, instruments, people, rules, procedures, standards and technologies that make it exchange possible. We worked on E-VAT at Sudan Taxation Chamber (STC). E-VAT (Expanded Value Added Tax) is a consumption tax (those who consumed more are taxed more) and an indirect tax, which can be passed on to the buyer. Here, we offered EFDMS (Electric Financial Data Management System), EFD’s (Electronic Fiscal Device) and POS.