Stamp Duties payments malfunction attributed to portal's incompatibility with collaborating organizations by CAC.
Corporate Affairs Commission Introduces AI-Driven Filing System Amidst Stamp Duties Payment Issue
The Corporate Affairs Commission (CAC) is set to launch a new, AI-driven post-incorporation filing system for Business Names, scheduled for this weekend. However, the commission is currently grappling with a challenge related to Stamp Duties payments on its portal.
According to a statement posted on the CAC's official X handle on Friday, the issue stems from an incompatibility between the commission's newly upgraded system and those of partner agencies. This technical misalignment has caused some users to face difficulties in making Stamp Duties payments through the portal.
Engineers from both the CAC and partner agencies are working together to resolve the issue. The commission has assured users that a permanent solution is almost in place. However, it has not yet addressed whether the new filing system will resolve the Stamp Duties payment issue.
The new filing system, focused on the Annual Returns feature for Business Names, is part of ongoing digital reforms by the CAC. The commission has not yet provided details on the cost or implementation of the new system, nor has it announced if the new filing system will be compatible with the systems of partner agencies involved in Stamp Duties payments.
It's worth noting that the CAC's new portal is ahead of the systems used by partner agencies responsible for processing Stamp Duties. The commission has not yet announced if the new filing system will be available for entities other than Business Names.
The CAC's statement describes the Stamp Duties payment issue as a challenge, but it also highlights the expected benefits of the new system. The new filing system is expected to improve service delivery by the CAC.
As the launch of the new filing system approaches, the CAC is working on a permanent fix for the Stamp Duties payment issue. The commission has not publicly disclosed the partner agencies involved in the incompatibility of the newly launched platform.
In the meantime, the CAC has not yet announced if it will provide updates on the progress of the resolution or the status of the new filing system's launch. Users are advised to monitor the CAC's official X handle for further updates.
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