ANNUAL REPORT & STATEMENT OF ACCOUNTS 29
• Disputes over interpretation of the various acts administered by the Commissioner-General of
the Guyana Revenue Authority • Disputes over the admissibility of particular items of expenditure that were claimed as deductible expenses in computing
chargeable income and • Disputes over the admissibility of claims for deductions in computing chargeable income. The table below shows objections made by companies and individuals during the year 2014.
TABLE XI INTERNAL REVENUE TAXES OBJECTIONS BY TAXPAYERS PARTICULARS COMPANIES 2014 INDIVIDUALS 2014 TOTAL Un-finalised at the beginning of the year revised)
179 721 900
Registered during the year 90 310 400
Sub-Total 269 1,031 1,300 Less:
Finalised during the year 152 328 480
Un-finalised at the end of the year 117 703 820 At the end of December 2014, there were eight hundred and twenty (820) un-finalised objections on hand. This figure exhibited an 8.9% reduction when compared with the total un-finalised objections at the end of 2013.
Un-finalised objections relating to individual taxpayers totalled seven hundred and three (703) or approximately 86% of the total un-finalised objections at the end of 2014, while the remaining one hundred and seventeen (117) or 14% were in respect to Companies.
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