Annual report & statement of accounts
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- ANNUAL REPORT STATEMENT OF ACCOUNTS
| E STABLISHMENT OF O NLINE /M OBILE P AYMENT F ACILITIES During the month of March 2014, the online tax payment service was launched. This service allows for the payment of Individual Income Tax (IIT), Individual Property Tax (IPT), Corporation Tax (CT) and Value-Added Tax (VAT. Persons are also able to purchase their Motor Vehicle Licences (MVL). The service is facilitated by the major Commercial Banks and also over the counter at the Bill Express facility of Western Union, the money transfer agency, all with branches throughout the country. It allows taxpayers to simply transfer money from their accounts to GRA’s Bank account from the comfort of their homes, offices or any other location. Once made, the payment is transferred instantly to GRA’s Bank account over secure internet connections operated by the agencies. In addition, the GRA entered into an agreement with the mobile financial service provider, Mobile Money Guyana (MMG), a subsidiary of the Guyana Telephone and Telegraph Company (GT&T), which authorises it to receive and process electronic payments for taxes and licences. The taxpayer must have a ANNUAL REPORT & STATEMENT OF ACCOUNTS 15 mobile phone which is connected to the GT&T network only and is required to register with MMG after which he/she is at liberty to make payments to the GRA from a mobile phone anywhere and at anytime within minutes. 23 RD G ENERAL A SSEMBLY AND T ECHNICAL C ONFERENCE OF THE C ARIBBEAN O RGANISATION OF T AX A DMINISTRATORS (COTA) During the period July 21 to July 25, Guyana hosted the rd General Assembly and Technical Conference of COTA along with the meeting of the Executive Council. The Guyana Revenue Authority played an integral role in organizing events which led to the successful hosting of the Conference. The Authority also ensured that delegates received a firsthand look at its operations at the Camp Street Headquarters and were treated to social activities where the beauty and diversity of Guyana was showcased. The Conference, which was aimed at providing COTA members with a forum to meet and discuss issues and challenges facing tax administrators and to share ideas and experiences, was held under the theme - Efficient Tax Administration as a Catalyst for Growth and Development in CARICOM”. Upon conclusion of the Conference, Ms. Deanah Matthias, Deputy Commissioner, Guyana Revenue Authority, was elected to serve as President of the Regional Body for the next two years. Download 2.59 Mb. Share with your friends:
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