R ETURNS For the year ending December 31, 2014 the lodgment of various types of Tax Returns amounted to one hundred and seventeen thousand, two hundred and ninety-nine (117,299). Income Tax Returns totalled eighty-three thousand and seventeen (83,017) or 70.8% of the total Returns lodged, while VAT and Individual Property Tax Returns totaled twenty-four thousand, four hundred and tenor and seven thousand, one hundred and thirty-nine (7,139) or 6.1% respectively of the total Returns lodged. The lodgment of Employer’s Returns (Forms 2) amounted to one thousand, one hundred and ninety-eight (1,198), while twenty-two thousand, one hundred and fifty-six (22,156) Monthly Remittance Forms (Form 5) were lodged by employers. Verification activities were also carried out on all Returns lodged to ensure that they were fully and accurately completed. As a result of such activities, one thousand, one hundred and sixty-three (1,163) query letters were dispatched to taxpayers. The number of Returns lodged by tax type is shown in the Table VI below. TABLE VI TAX RETURNS LODGED TAX TYPE AMOUNT Income Tax Returns 83,017 Property Tax Returns (Individual) 7,139 Property Tax Returns (Company) 1,160 Corporation Tax Returns 1,196 Capital Gain Tax Returns 10 Excise Tax Returns 24 VAT Returns 24,410 Miscellaneous Taxes Returns 343 Total 117,299
