MYEG to implement tax monitoring programme in 30 more cities in Indonesia

• Installations in retail merchant premises ongoing in Jakarta at no charge
• Pilot installations have commenced across the seven provinces

MY E.G. Services Bhd (MYEG or the Group) announced on Jan 13 that its associate company in Indonesia, PT Cartenz Inti Utama (Cartenz Group) has secured additional government mandates to roll-out its tax monitoring system to 30 more cities, marking an expansion to the programme that is already actively underway in Jakarta.

Since unveiling the joint venture in 2018, the group has started the implementation of real-time monitoring of business transactions for tax computation purposes, with installations in retail merchant premises presently ongoing in Jakarta under a pilot programme offered at no charge.

Following the successful commencement of the implementation in Jakarta, the group has recently been contracted by the governments of seven other provinces in Indonesia to deploy, on a chargeable basis, the tax monitoring system to cover a total of 30 cities.

Pilot installations have since commenced across these seven provinces.

MYEG managing director TS Wong said, "This has exceeded our initial targets. We now believe that our Indonesian roll-out will be faster and require lower capex than our previous expectations."

The expansion of the tax monitoring system to more regions in Indonesia represents an important milestone for MYEG, not only in the strengthening of its position as the leading e-government services provider in Indonesia, but also in the widening of its footprint in the country's retail sector.