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Employers have until February 28 to file returns

Feb 16, 2010 News

Employers have until February 28 to file returns for its workers, the Guyana Revenue Authority (GRA) announced yesterday.
Information to be included on Form 2 of the GRA returns include workers’ full name, address and Taxpayer Identification Number (TIN) and the period of employment.
It will also include total payments made in respect of salaries, wages, overtime, bonuses, incentives, commissions, allowances and leave with pay.
The returns should also include the amount of taxes deducted from each employee and should be prepared in triplicate and submitted in duplicate, accompanied by the Summary Sheet (2B) and the signed declaration form.
According to GRA, yesterday, the Taxpayer Identification Number (TIN) allows each employee to be coded in the GRA system, so that the tax deducted from the earnings by their employer can be credited to their individual account when it is paid over to the Authority.
Failure to submit returns without the above information would result in the rejection of the returns, GRA said.

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