Having the ability to request personal banking information from institutions will afford the Guyana Revenue Authority (GRA) the opportunity to reconcile information provided by taxpayers.
This is according to Chairman of the GRA Board Rawle Lucas. In a recent interview with Stabroek News, Lucas explained that the legislation is “not intended to be malicious” rather it is “intended to put the GRA in a position where it can corroborate the information the taxpayer presents.”
The exploratory memorandum for the Financial Institutions (Amendment) Bill 2015 recently tabled in Parliament,
