Georgetown: The Guyana Revenue Authority (GRA) is informining the Guyanese taxpayers that it is still providing workshops and seminars free of cost, on how to complete the various Tax Returns (i.e. the Individual Income Tax, the Form two, the Form five, the Property Tax, Value Added Tax (VAT) and the Corporation Tax Returns) through its Tax Advisory Services Department.
However, the tax agency has observed with great concern that many owners of businesses still lack the knowledge on how to correctly complete a number of these Tax Returns. Hence, incomplete documents cannot be lodged or keyed into the system. This anomaly affects employees, sole traders and companies who attempt to obtain Compliance Certificates, Liability Certificates or even delay the processing of refunds in some cases.
The GRA is urging companies as well as sole traders to seek the necessary assistance or advice on the computation and completion of the various Tax Returns from their trained and competent Tax Specialists, Tax Advisory Services located at Lot 200 – 201 Camp Street, Georgetown.
In order to promote voluntary compliance, the GRA has over the years expended a tremendous amount of financial resources and made available competent personnel to aid the objective and continues to do so. The organization hosted a number of workshops and seminars for businesses whether company or sole traders during the first half of 2013.
The Commissioner-General Kurshid Sattuar noted that “these workshops and seminars are geared to ensure persons understand their rights and obligations under the various Tax Acts administer by the GRA and to enable them to comply fully without enforcement action.” “He further noted that persons can also make formal requests for workshops that will benefit them and their employees.
Recently, the Public Relation Department of the GRA visited regions seven and nine in an outreach effort to educate and inform the community about the different taxes administered by the GRA and also to answer questions relevant to the taxpayers. The team also sought to address misconceptions held by persons in some areas with regard to allowable expenses particularly in the case of Self Employed persons. These misconceptions lead some to pay little or no taxes.
The GRA is urging persons to make full use of the Tax Hotline 227-6060, 227-8222 or its website www.gra.gov.gy for further information on the various taxes.
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