Annual report & statement of accounts
ANNUAL REPORT & STATEMENT OF ACCOUNTS
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| ANNUAL REPORT & STATEMENT OF ACCOUNTS 60 was completed at the GRA location at the Demerara Shipping Company while at the Mobile Scanner Site there was construction of guard huts and fence and the fabrication of barricades and stanchion piles. At the end of the year, work was ongoing at GRA’s mooring facility adjacent to the Transport and Harbours Ferry Stelling, to accommodate the docking of boats used by the Law Enforcement and Investigation Division. Capital works completed at the various locations amounted to approximately M. Staff of the Transportation Section of the Division also continued to manage the pool of motor vehicles operated by the Authority and ensured that they were serviced and repaired whenever necessary to maintain road worthiness. Further, staff of the Security Section of the Division made regular weekly and monthly visits to all of the Authority’s locations to ensure that security procedures were being complied with. M: D EBT M ANAGEMENT D IVISION This Division is mandated to utilize the investment made in automation combined with efficient collection strategies to ensure that taxes which are due and debts which are outstanding are recovered in a timely manner thereby maximizing revenue collection. The Division continued to monitor collections of outstanding tax balances and was able to determine arrears taxes partly through the process of file clearing. During the period under review the number of tax files cleared amounted to four thousand, three hundred and sixty-three (4,363) of which three hundred and ninety-three (393) were related to Companies and three thousand, nine hundred and seventy (3,970) to Individual taxpayers. A total of fourteen billion, two hundred and fifty million, seven hundred and eighty-one thousand, and eighty-four dollars ($14,250,781,084.00) in arrears taxes was identified through this process and liability letters were dispatched to delinquent taxpayers. Arrears taxes collected as a result amounted to twelve billion, seven hundred and sixty million, seven hundred and fifty-four thousand, one hundred and ninety- seven dollars ($12,760,754,197.00). Some of the constraints experienced by the Division in its drive to collect outstanding revenue included ❖ Debts computed in taxpayers files are not on TRIPS ❖ Age Debtor Report generated by TRIPS does not provide an accurate figure for the total unpaid arrears as at December 31, 2014. ❖ Difficulties locating taxpayers. ❖ Numerous mails to taxpayers being returned as a result of taxpayers not available to sign and receive same. ❖ Taxpayers not responding readily to correspondence and also making numerous requests for extension of time. |