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GRA collects $114M from smuggling, other enforcement activities

May 19, 2016 News

The Guyana Revenue Authority (GRA) said it has managed to recoup more than $114M during the first four months of the year as a result of increased enforcements and visits.

“The Law Enforcement and Investigation Division (LEID) of the Guyana Revenue Authority (GRA) continue its efforts in the fight against smuggling, which is likely to be boosted as the Regional Operations launched its countrywide compliance campaign,” a statement from GRA said yesterday.
The authority said that the exercises continue to unearth a significant quantity of commonly smuggled items which include foreign imported chicken, mosquito coils that are banned and motor vehicles.
“For a number of these offences, the offenders have been identified for the first time. However, in some cases it has been noted that the perpetrators are repeat offenders, in which case the penalties are levied as payment triple the value of the duties.”
And even as LEID continues its operations, GRA said that its regional operations have begun a countrywide compliance campaign with the aim of ensuring all businesses or persons who are required to pay taxes, are complying with all necessary requirements in terms of licences, among other things.
“As a result of the compliance campaign, it has been discovered that a large number of businesses are non-compliant. Business owners were informed of their shortcomings and follow-up visits will be forthcoming.”
GRA said that the compliance campaign is ongoing and persons are being encouraged to visit its offices and get their relevant documentation in order.
“In addition to the efforts of LEID and the regional operations, the Communication and Tax Advisory Services Division of the GRA will also be continuing its public awareness campaign.”

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