Payment of taxes now possible through Mobile Money Guyana
Mobile Money Guyana Incorporated
Mobile Money Guyana Incorporated

THE Guyana Revenue Authority (GRA) has announced that Mobile Money Guyana Incorporated (MMG), a mobile financial service provider has been recently added to the list of collecting agents for tax and licence payments to the GRA.

Through an agreement reached on June 17 with the GRA, Mobile Money Guyana, a subsidiary of the Guyana Telephone and Telegraph (GT&T) is now authorised to receive and process taxes and licences payments electronically.

Taxpayers who utilise the MMG service are assured that their payments will be cleared, processed and credited to the GRA’s bank account within 24 hours, providing that the transaction was done correctly.

A small service fee of $40 will be borne by the taxpayer who, with a mobile handset, is at liberty to make payment of various tax types to the GRA from anywhere and at any time within minutes.

MMG is now listed among the range of service providers collecting payments electronically on behalf of the GRA for Individual Income, Corporation Tax, Property, Value-Added Tax (VAT), Pay As You Earn (PAYE) Remittances and Motor Vehicle Licences payments.

Other providers are Demerara Bank, the Guyana Bank for Trade and Industry (GBTI) and Republic Bank. Over-the-counter payment at the nearest Western Union’s Bill Express location is another option available to taxpayer.

MMG was incorporated by GT&T in 2010 to afford its customers the opportunity to purchase mobile credits, pay utility and other bills, receiving loan disbursements and making loan repayments, send and receive money locally, make deposits and withdrawals.

The GRA sought to forge partnerships with the corporate entities as it seeks to revolutionise its services and more importantly provide taxpayers with convenient, fast and secure options of conducting payment transactions.

The Authority said it took into consideration the numerous challenges it continues to face in the task of ensuring that taxpayers honour their obligations in accordance with the law. Chief among those challenges is congestion at its Camp Street Head office.

Now, with the online banking and mobile options available for paying taxes, it is the GRA’s hope that the number of taxpayers visiting the GRA on a daily basis will be significantly less and that the level of compliance will be greater.

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