| Georgetown: Officials pleased with tax collection measures |
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| Thursday, 31 December 2009 00:00 | |||
 GEORGETOWN - The Guyana Revenue Authority (GRA) says it has collected GUY$8 billion (US$40 million) in taxes this year, surpassing the target set for 2009.GRA Commissioner General Khurshid Sattaur said the increase in revenue was due to a number of measures including those aimed at dealing with the smuggling of fuel and vehicles. Sattaur said there had also been a marked increase in corporate taxes which is a direct result of the introduction of the Value Added Tax (VAT). “When compared to last year there has been a massive increase over the collection for last year… [and] that by itself speaks volumes about the effectiveness of our tax administration and the measures we have put in place this year to curb many of the loop holes that exist in tax administration over the years,” he said. Sattaur said another major achievement is the computerization of motor vehicles licenses resulting in the detection of more than 500 illegal vehicles. He said the reduction in the smuggling of fuel also improved revenue collection. But he said of major concern to the GRA is the continuous erosion of the tax base by self-employed professionals including doctors and lawyers. He said the GRA would be implementing several new initiatives to deal with the situation in the New Year. (CMC)
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