Noting that professionals such as lawyers fall into the hard-to-tax group, the Guyana Revenue Authority (GRA) has begun training its officers in the Presumptive Method of Taxation which allows them to determine the income of certain self-employed individuals.
Commissioner General of the GRA, Godfrey Statia explained that while such a method is relatively new to Guyana it has been employed elsewhere in the world with great effect, notably in countries like Israel and France.
“Section 29A of the Income Tax Act allows for such methods,” Statia told Stabroek News on Thursday. He explain-ed that the GRA is therefore imploring all taxpayers be they professionals or other self-employed persons,
