Annual report & statement of accounts
ANNUAL REPORT & STATEMENT OF ACCOUNTS
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| ANNUAL REPORT & STATEMENT OF ACCOUNTS 61 ❖ Matters which are taken before the Courts not being dealt within a timely manner. The Courts, in many instances, grant the delinquent taxpayers further time to comply. ❖ Difficulties locating assets owned by the taxpayers when judgments are entered against them Further, no special exercise was conducted to collect outstanding taxes. The exercise of collecting outstanding assessed taxis an ongoing one. Strategies are presently in place to aid in the collection of the taxes eg. visits, telephone calls etc. N: I NTELLIGENCE , R ISK M ANAGEMENT AND S PECIAL I NVESTIGATION D IVISION The Intelligence and Risk Management Division is a critical functional area within the Guyana Revenue Authority which is responsible forgathering, processing, profiling, and disseminating reliable and risk- analysed information to other functional areas within the GRA, and to external agencies, where necessary. Staff of the Division identified and monitored taxpayers within key sectors of the economy to detect noncompliance and potential tax evasion. A total of two thousand, nine hundred and thirty-four (2,934) taxpayers were identified and monitored and the information gathered forwarded to various Divisions inclusive of the Audit and Verification, Debt Management and Law Enforcement and Investigation Divisions and the Tax Operations and Services Department for appropriate action to betaken. In many instances, information relating to a single taxpayer was forwarded to several Divisions. A total of two thousand, two hundred and seven (2,207) taxpayers within the Transportation sector (both water and road) were monitored and information relating to two thousand, two hundred and one (2,201) of those was forwarded to the Audit and Verification Division, one thousand, nine hundred and forty-three (1,943) to the Debt Management Division and five hundred and fifty-nine (559) to the Tax Operations and Services Department for further action to betaken. Twenty (20) contractors were monitored and information relating to five (5) was forwarded to the Audit and Verification Division, thirteen (13) to Debt Management and sixteen (16) to Tax Operations and Services Department. Fourteen (14) operators within the Commercial Property Rental/Apartments/Hotel sector were monitored and twelve (12) matters each were forwarded to the Audit and Verification and Debt Management Divisions while two (2) were sent to the Tax Operations and Services Department. In addition, of a total of six (6) Self Employed Professionals monitored, particulars relating to five (5) were sent to Audit and Verification, two (2) to Debt Management and one (1) to Tax Operations and Services. Of the twenty-seven (27) Importers and Exporters who were monitored, eighteen (18) were referred to Audit and Verification, eleven (11) to Debt Management and twelve (12) to the Tax Operations and Services Department. |