Annual report & statement of accounts



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Annual-Report-2014


V
ALUE
-A
DDED
T
AX


Un-finalised objections on hand as at December 31, 2014, for the category of Valued-Added Tax totalled one hundred and four (104). All of the un-finalised objections were in respect to Companies. The details are shown in Table XII.



ANNUAL REPORT & STATEMENT OF ACCOUNTS
30


TABLE XII
VALUE-ADDED TAX
OBJECTIONS BY TAXPAYERS



PARTICULARS

COMPANIES
2014

INDIVIDUAL
2014

TOTAL

Un-finalised at the beginning of the year
75 1
76 Registered during the year
123 24 147

Sub-Total

198

25

223
Less: Finalised during the year
94 25 119

Un-finalised at the end of the year

104

-

104























ANNUAL REPORT & STATEMENT OF ACCOUNTS
31

L
ICENCE
R
EVENUE
O
FFICE

A total of one hundred and sixteen thousand, seven hundred and thirty-one (116,731) motor vehicles were processed for the sale of licences during 2014. This figure exhibited a minimal decrease of 0.8% when compared with the amount of one hundred and seventeen thousand, seven hundred and three (117,703) which was processed during 2013. Registration of new vehicles for the year amounted to fourteen thousand, four hundred and eighty-one (14,481), while the corresponding figure for 2013 was fifteen thousand, six hundred and ninety-five (15,695) resulting in a decrease of 4.8%. Table XIII below sets out the various categories of vehicles licenced and the new vehicles registered during the year 2014 as compared to 2013 while Table XIV overleaf compares revenue collection for the year 2013 and 2014.

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