GRA boosting capacity to handle Guyana’s oil economy
Share on facebook
Share on twitter
Share on google
Share on whatsapp
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh

THE Guyana Revenue Authority (GRA) is strengthening its ability to meet the tax demands of the emerging oil and gas sector.
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said the government is working on upgrading the GRA’s system, since oil and gas “is a completely new sector to the Guyanese landscape.”

He said new skills were needed in the tax authority to administer and discharge the responsibilities relating to oil and gas.
“So, there is an oil and gas department that was recently established and we are currently working on building the capabilities in that department, including things like audit capabilities et cetera, to be able to perform the important responsibilities that the GRA has with respect to the oil and gas sector.

But even more broadly, to strengthen capabilities in taxpayer audit, and tax enforcement. That work is very much ongoing,” Dr. Singh was quoted as saying by the Department of Public Information (DPI).

The GRA is implementing a new information technology system, the Revenue Management System (RMS), which will modernise its operations, DPI further noted.
“We are currently in the process of introducing greater online capability so that people can interface with the GRA in an online environment. There are some things that you should not have to go to the GRA to do. To pick up a tax declaration form or assessment form or to complete and submit your form. There are a number of services that should be capable of being performed online,” Dr Singh added.

He said the task of building and equipping institutions to manage Guyana’s economy is ongoing; however, the GRA had made a lot of progress since its establishment, becoming the single revenue authority collecting all taxes in Guyana.

“Having the single GRA has enabled us to have a more comprehensive view of tax collection processes. I would be the last to tell you that the GRA has all the capacity to meet its needs and that it is fully equipped to perform all its functions.

“We recognise acutely, the need to strengthen the GRA, to continue to modernise and strengthen it to respond to the rapidly changing realities of the Guyana economy,” he said.
Dr. Singh said a single revenue authority allows the agency to integrate its approach to tax collection as it gives a 360-degree perspective on tax collection for 365 days a year on all taxes.

SHARE THIS ARTICLE :
Share on facebook
Facebook
Share on twitter
Twitter
Share on google
Google+
Share on whatsapp
WhatsApp
Share on facebook
Share on twitter
Share on google
Share on whatsapp
Scroll to Top
All our printed editions are available online

Daily E-Paper

Pepperpot

Business Supplement

Supplement

emblem3
Subscribe to the Guyana Chronicle.
Sign up to receive news and updates.
We respect your privacy.