GRA putting final inputs into new Tax Act
The Guyana Revenue Authority (GRA) is putting its final input in the design of the new Tax Administration Act, Commissioner General Kurshid Sattaur said yesterday.
The process of putting together the act began some months ago with the hiring of a consultant, Ms. Jenifer Brooks.
Sattaur said that the act is one that seeks to harmonise the various processes that apply to the various laws administered by the GRA. Processes that deal with the collection of tax, the demand of returns and penalties are among those for harmonisation.
He pointed out that the organisation will also ensure that the Tax Administration Act can also address modern issues such as electronic filing of returns and payment of taxes electronically.
However, the Commissioner-General noted that such an act requires a process, including being laid before parliament, which is beyond the control of the GRA. He said that the organisation is working to complete its phase so that the Act can be dealt with externally.
The implementation of the new Tax Administration Act forms part of the next step in the reform process for the GRA with the wrapping up of the two-year Guyana Threshold Country Plan Implementation Project.
Other steps in the reform process include advancing the reform agenda toward the modernisation of Customs and strengthening of business and trade facilitation.