Large Polish IT company Sygnity recently signed a zł.232 million 96-month contract with the Ministry of Finance on the development of an IT system for tax offices. The contract's value constitutes a large part of Sygnity's revenue plan. Other orders for the present financial year amount to zł.166 million and zł.110 million for the next year. Sygnity also recently announced it had a net profit of zł.7.1 million in the first quarter of financial year 2012/2013, compared to a loss in the corresponding period of last year.
This IT system will coordinate the actions of 400 tax offices regarding PIT, CIT and VAT settlements. It should be able to withstand up to 10,000 entries per minute. Sygnity assumes it will handle some 200 million tax activities per year.
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