Annual report & statement of accounts

ANNUAL REPORT & STATEMENT OF ACCOUNTS
55 Staff of the Division undertook the prosecution and defense of two hundred and seventy-seven (277) ongoing matters before the Magistrates and High Courts while proceedings were instituted in relation to seventy-five (75) new matters. Defendants were charged with offences which included failure to submit Tax Returns for various tax types, failure to remit taxes and evasion of Customs Duties and taxes. The Courts granted judgement in favour of the Authority in twelve (12) instances and in other instances the defendants pled guilty. Fines, as stipulated by the Laws, were instituted and outstanding taxes were awarded to the Authority. In addition, forty-eight (48) Writs were prepared, filed and served by staff of the Division. Opinions, letters and responses to requests for legal advice which were received from the Commissioner-General and other Departments/Divisions of the Authority were also prepared. A total of one hundred and fifteen
(115) such opinions, letters and responses were prepared.
I:
T
AX
E
XEMPTION
P
ROCESSING AND
V
ERIFICATION
D
IVISION

The Division is tasked with the efficient administration of the various categories of exemption and remission of duties and taxes in accordance with the Tax, Customs and other Laws and Regulations administered by the Revenue Authority. To this end, sixteen thousand, five hundred and twenty-five (16,525) applications for tax exemption were received, verified and processed by staff, while twelve thousand, seven hundred and seventy-eight
(12,778) letters of approval and one hundred and seven (107) letters of denial were prepared and dispatched. Further, three thousand, six hundred and forty (3,640) applications were queried or referred for additional information and four hundred and eight (408) meetings (both internal and external) were conducted with applicants for tax exemption. There were twelve thousand, nine hundred and thirty-five (12,935) instances where information was entered into TRIPS as a result of approvals granted. Further, staff also reviewed one hundred and sixty- three (163) Investment Agreements. Of this amount, twenty-nine (29) which originated from the Guyana Geology and Mines Commission (GGMC) were recommended for approval while one hundred and thirty- three (133) from the Guyana Office for Investment (Go-Invest) were also recommended for approval. The remaining Investment Agreements was not recommended for approval. Four hundred and twenty-two (422) special assignments on legislation and policy were executed during the year while two thousand, two hundred and twenty-seven (2,227) applications for use of the Prior to Processing (PTP) facility were verified and recommended for approval while one thousand, seven hundred and eleven (1,711) PTP entries were perfected.

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