GRA has $500M in uncollected tax refunds

The Guyana Revenue Authority (GRA) has over $500 million in uncollected refunds from since 2012.

According to GRA’s Commissioner-General Khurshid Sattaur, the situation is due to the fact that taxpayers are not checking with the GRA to see if they qualified for a tax refund.

Sattaur also told a press briefing at the GRA’s head offices on Camp Street on Tuesday that when taxpayers don’t update their TIN (Taxpayer Identification Number) information, the GRA has a hard time notifying persons of their current tax situation.

He said that the GRA would like to have people use their TINs as identification but noted that people did not regard the TIN with respect and couldn’t even be bothered to update addresses to ensure the GRA could properly contact them.

It was also noted that in the past when persons received a refund letter from GRA, many of them were often trashed because persons assumed the letters were requests for more taxes.

Sattaur also stated that since the GRA’s main offices moved to Camp Street, there is one office for payment of taxes and collection of refunds, which was somewhat of an inconvenience. However, he said he had hoped this would have forced persons to utilise the recent online tax payment service offered.

He noted that the GRA does advertise refunds on its website. The GRA head said that employers and employees had to take a more proactive approach to how their taxes are being paid and how much taxes are being paid. He said that employees who have a firm grasp of how taxes are calculated would have a general idea if they are paying too much tax and if they would qualify for a refund.

He said that in some instances employers have been delinquent and as a result employees do not have an understanding of their tax situation. Sattaur noted that the GRA would need to be more publicly savvy in 2014 to ensure that the public was more educated.

The GRA is responsible for collecting over $135.5 billion in taxes this year.

More in Local News

Sir Garry Sobers (middle) poses with captains of the respective teams, Brian Lara (left) and Carl Hooper prior to the start of the game.

Stars converge to celebrate Sir Garry

BRIDGETOWN, Barbados,  CMC – A galaxy of former West Indies stars converged on Kensington Oval for a celebrity game here Thursday night, to mark the 80th birthday of cricket legend Sir Garfield Sobers.

default placeholder

Power outage after excavator causes trees to fall at Ithaca

An excavator being operated by the Mahaica, Mahaicony, Abary-Agricultural Development Authority (MMA/ADA) came into contact with trees within close proximity of GPL’s transmission and distribution system at Ithaca causing some trees to fall onto the Network.

default placeholder

Twenty communities identified for anti-crime measures under IDB programme

Twenty communities in five regions of the country and including large parts of the capital city have been identified for anti-crime measures under an IDB-funded programme.

Obina Hendricks

Man sought over drug trafficking at airport

Obina Hendricks ‘aka Hiney’ is wanted by the police for questioning in relation to ‘Trafficking in Narcotics’ on July 11, 2016, at the Eugene Correia International Airport, Ogle, the police say.

Carlton Chaitram, Tameshwar Jagmohan and Jairam Chaitram, 17, being escorted out of the Mibicuri Police Station.

Cops to charge trio over Black Bush murders

Police are preparing to charge a farmer, his teenaged son and an employee with last week’s  brutal Black Bush triple murder.

default placeholder

Over 100 passport applications received from NY weekly

Over 100 passport applications are being received from New York alone on a weekly basis and this has placed pressure on the Central Immigration and Passport Office, Minister of Citizenship Winston Felix says.

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Stay updated! Follow Stabroek News on Facebook or Twitter.

Get the day's headlines from SN in your inbox every morning: