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GRA to announce partnership with banks for electronic tax payments
The Guyana Revenue Authority (GRA) will be announcing shortly the status of their partnership with commercial banks to establish an Electronic Tax Payment system that will allow persons to pay their taxes electronically.
GRA commenced this collaborative approach with a number of commercial banks on October 1, 2012. At that time, systems were established for motorists renewing their annual Motor Vehicle Licences (MVL) to do so at the local banks. Three commercial banks – Demerara Bank, Bank of Baroda, and the Guyana Bank for Trade and Industry (GBTI) – were involved in the first phase of this project.
The commercial banks have agreed to work along with the GRA’s IT Department to have a Tax Payment feature added to the banks’ websites so that taxes can be paid online. In addition, a Telebanking feature will also be implemented by the banks.
Commissioner-General of the Guyana Revenue Authority (GRA), Khurshid Sattaur, along with representatives of the GRA’s Information Technology (IT) Department were in talks with representatives of all commercial banks to establish facilities that will allow taxpayers to pay their taxes electronically.
The decision for Electronic Tax Payment was made in response to the high volume of traffic at the GRA’s new Headquarters in Camp Street.
According to the GRA boss, this decision was made in response to the high volume of traffic at the GRA’s new Headquarters in Camp Street, Georgetown.
“As anticipated, since the consolidation of our Georgetown offices we have large numbers of persons visiting the location to make payments on a daily basis. From a security standpoint as well as the current parking dilemma – we are trying to reduce the number of persons having to visit this location. In order to remedy these problems, we are exploring the possibility of outsourcing some aspects of our revenue collection to interested parties such as our local commercial Banks.”
Several utility companies already have this system in operation with the local banks. The GRA’s facility will be similar to those used by the utility companies.
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