Finance Ministry urges individuals, companies in Beneficiary Code System to update data

Muscat: The Ministry of Finance has urged people and companies registered in the Ministry of Finance's Beneficiary Code System to update their data.

A statement issued online by Ministry of Finance said: "We would like to draw the attention of all individuals and companies registered in the Ministry of Finance's Beneficiary Code System to update their data which is older than two years since registration date, in order to avoid any delays in disbursement of their payments through e-transfer."

Beneficiary Code System is an online service that enables all government contractors whether individuals or enterprises, to obtain a reference number (Beneficiary Code), through which their payments due for providing services or works shall be transferred.