Georgetown: The Guyana Revenue Authority (GRA) is seeking to net over $116 billion, according to Commissioner-General, Khurshid Sattaur.
Adding that this is an increase compared to just over $111 billion in 2011, he said there was a noticeable dip in the Pay As You Earn (PAYE) area of collection, reflecting a shortfall amounting to in excess of $2.5 billion.
“This is not an over-taxed nation; this is a nation in which I think a lot of people do not pay taxes so we can’t confuse the two. A lot of people feel that we are over-taxed, but I don’t think that is a right statement to make.”
Sattaur insisted that the GRA has been continually striving to efficiently carry out its tax collection mandate although there is still room for improvement.
“Everyone shares in the pie as they ought to and obviously that pie will not only increase but that pie will become more equitable in terms of the contribution to it and that is what we are aiming to achieve at the GRA.”
Sattaur explained that GRA has also been playing a major role in encouraging voluntary compliance by sending out mail to vehicle owners’ last known addresses as a means of reminding them to conform to the process.
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