Annual report & statement of accounts
ANNUAL REPORT & STATEMENT OF ACCOUNTS
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- TABLE VII NUMBER OF RETURNS ENTERED AND APPROVED TAX TYPE DATA ENTRY
- Total 121,683 120,675
| ANNUAL REPORT & STATEMENT OF ACCOUNTS 24 D ATA E NTRY AND A PPROVAL Upon completion of verification activities, data from the Tax Returns are then entered into TRIPS and, if correct, subsequently approved. Data from a total of one hundred and twenty-one thousand, six hundred and eighty-three (121,683) Returns were entered into TRIPS (this figure includes data entry of Returns which were lodged during the previous year, while approval of data entry for one hundred and twenty thousand, six hundred and seventy-five (120,675) Returns were completed. The data entry of Employer’s Returns (Form 2) amounted to one thousand, two hundred and seventy-nine (1,279), while approval stood atone thousand, two hundred and thirty-three (1,233). Twenty-two thousand and five (22,005) Monthly Remittance Forms (Form 5) were entered into TRIPS while twenty- two thousand, two hundred and seventeen (22,217) were approved. Table VII below shows the number of Returns entered and approved by tax type. TABLE VII NUMBER OF RETURNS ENTERED AND APPROVED TAX TYPE DATA ENTRY DATA APPROVAL Income Tax Returns 85,913 85,112 Property Tax Returns (Individual) 7,258 7,157 Property Tax Returns (Company) 1,174 1,147 Corporation Tax Returns 1,186 1,167 Capital Gains Tax Returns 5 4 Excise Tax Returns 24 22 VAT Returns 24,970 24,936 Miscellaneous Taxes 1,153 1,130 Total 121,683 120,675 ANNUAL REPORT & STATEMENT OF ACCOUNTS 25 T AXPAYER S ERVICES During 2014, staff continued to issue Compliance Certificates to facilitate the transfer of ownership of motor vehicles, title to land and buildings and as a regulatory requirement for the issue of tenders. Twelve thousand, nine hundred and thirty-two (12,932) Compliance Certificates were issued during 2014; this amount represents a decrease of approximately 5% over the number of Compliance Certificates issued during 2013. Of the total issued during 2014, four thousand, four hundred and fifty-ninety (4,459) Certificates were issued for land and buildings, six thousand and fifty-seven (6,057) were issued for motor vehicles and two thousand, four hundred and sixteen (2, 416) were issued for tender purposes. The table below illustrates a comparative analysis of the types of Tax Compliance Certificates which were issued during the years 2013 and 2014. Download 2.59 Mb. Share with your friends:
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