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ENFINNISH TAX ADMINISTRATION CHOOSES DIGIA FINLAND LTD AS SOFTWARE SUPPLIER OF NATIONAL INCOME REGISTER
DIGIA PLC STOCK EXCHANGE RELEASE 14TH OCTOBER 2016 AT 4:10 PM
FINNISH TAX ADMINISTRATION CHOOSES DIGIA FINLAND LTD AS SOFTWARE SUPPLIER OF NATIONAL INCOME REGISTER
The Finnish Tax Administration has chosen Digia Finland Ltd to supply the solution package to them.
The plan is to launch the service package in early 2019. In the first phase, information on wages and salaries and any related payments will be included in the register. In the second phase, in 2020, the register will be added with pensions and benefits.
The solution will be delivered as a fixed-price project worth EUR 13.7 million. The project will be started in late 2016 but it will not have any significant effect on Digia’s 2016 net sales or result. Digia’s performance management will remain unchanged for 2016. The package also includes the system's maintenance and further development. The overall cost for a 15-year contract period is about EUR 90 million, of which Digia accounts for approximately EUR 60 million.
The objective is to replace monthly notifications by employers and payers of benefits, and also any annual notifications and various pay slips. In future, such information would be sent to the centralised income register only once when wages and salaries are paid. The national income register will automate procedures by authorities, make it simpler for citizens to interact with the national income register’s stakeholder authorities, and reduce companies’ administrative duties.
”This is a very important project for Digia. It is great that such a large, national project will be implemented by a Finnish company,” says President & CEO Timo Levoranta.
”The selection emphasised the supplier’s commitment and ability to deliver the services in the long term. The supplier is also required to have extensive expertise in the technical implementation, process development, stakeholder cooperation and change management,” reads the Tax Administration press release.
FURTHER INFORMATION
President & CEO Timo Levoranta
Tel. +358 40 500 2050
DISTRIBUTION
NASDAQ Helsinki
Key media
www.digia.com
Digia is a software and service company that combines technological possibilities and human capabilities to build intelligent business, society and a sustainable future. Our mission is to ensure that our customers are at the forefront of digital evolution. There are more than 1,500 of us working at Digia and we operate globally with our international customers. Digia’s turnover in 2023 was EUR 192,1 million. The company is listed on Nasdaq Helsinki (DIGIA).