Latest update November 30th, 2024 12:15 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

International phone call business…

Nov 26, 2008 News

Impact on revenue collection too significant to ignore – GRA

The Guyana Revenue Authority (GRA) has taken note of the large number of individuals and entities that have become involved in the international telephone call business.
According to a press release issued by the Authority yesterday, the effects of these operations are evident in the significant reduction in revenue collected from legitimate providers of international telephone service.
GRA noted that these individuals and businesses have essentially created illegal telecommunications networks that employ authorized VSAT (Very Small Aperture Terminal) equipment for unlawful purposes, or VSAT equipment without the requisite licenses, SIM banks, broadband Virtual Private Networks (VPNs), and international Voice Over Internet Protocol (VoIP) providers like Vonage, Skype, and Packet 8 to offer outbound and inbound voice calls to the public for a fee.
“These operations are illegitimate and essentially result in tax evasion, since no revenue is paid on these calls. These operations are increasing rapidly, and GRA’s calculations indicate that their collective impact on the national revenue collection effort is too significant to ignore,” the release stated.
It was explained that all telephone calls made from, or received, in Guyana without utilizing a properly licensed carrier undermine the revenue collection by avoiding the payment of Value Added Tax (VAT), which all telephone calls attract, and reduces the taxable income of legitimate telephone operators, and therefore the amount of Corporation Tax collected by GRA.
The GRA plans to intensify its surveillance and investigative activities, in collaboration with the competent relevant sector agencies, to identify and prosecute defaulters to the full extent of the law.
Members of the public are being encouraged to report the existence of this type of operation to the GRA.

Similar Articles

The Glenn Lall Show | November, 20th, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Battle for Glory: Petra-MVP Sports Girls U11 Football Championship reaches thrilling Semi-Final Stage

Battle for Glory: Petra-MVP Sports Girls U11 Football Championship...

Nov 30, 2024

  Kaieteur Sports – The road to the 2024 MVP Sports-Petra Organisation Girls Under-11 Football Championship title narrows today as the tournament moves into its highly anticipated...
Read More
Dinar Trading and Forrester’s Concrete solidify support

Dinar Trading and Forrester’s Concrete solidify...

Nov 30, 2024

Linden vs. Georgetown rivalry takes centre stage at GBF Elite 16 Finals

Linden vs. Georgetown rivalry takes centre stage...

Nov 30, 2024

Diamond Mineral Water Indoor Hockey Tournament heats up ahead of Sunday’s Finale

Diamond Mineral Water Indoor Hockey Tournament...

Nov 30, 2024

Top athletes and officials recognized at 2023 National Sports Awards

Top athletes and officials recognized at 2023...

Nov 30, 2024

Guyana Beverages Inc. partners with GFF for Maid Marian Wheat Up Women’s Cup

Guyana Beverages Inc. partners with GFF for Maid...

Nov 29, 2024

Features/Columnists

  • The Windfall Tax paradox

    …Peeping Tom Kaieteur News- It is a curious feature of the modern age that the more complex our agreements, the more... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]