LRR Stakeholders Sensitised on VAT

LRR Stakeholders Sensitised on VAT

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Local authorities and traditional rulers alongside with representatives from the business community and members of the Technical Advisory Committee (TAC) in the Lower River Region were recently sensitised on Income and Value Added Tax (VAT).

The two-day forum held at the Region Four Education Directorates in Mansakonko, was organised by The Gambia Revenue Authority (GRA).

The forum seeks to enlighten participants on rental and capital gain tax.

Speaking on behalf of the Commissioner General of GRA, Sulayman Barry, Deputy Director Compliance, Tax Payer Education and Training, said the forum targets stakeholders in the LRR and is meant to deepen their understanding on improve compliance.

According to him, the forum forms part of series of similar engagements embarked upon by the Authority.

“The Income and Value Added Tax Act replaces the Sales Tax and that it came into force after been passed into Law by the National Assembly in June 2012 and became operational in January 2013. The objective of the legal and financial management reforms recently undertaken by the Government are aimed at promoting macro-economic stability, improve revenue mobilization as well as to promote efficiency in resource allocation amongst others.” he stated.

These efforts, he went on, are geared towards modernising the tax system and improve compliance, saying it is ‘our hope that you will continue to support the implementations of the Government’s Tax reforms for National Development.

“We value and appreciate your partnership and we kindly urge you to always engage us on matters of taxation to enhance greater understanding and application.” he said.

The GRA Deputy Director commended the Government of The Gambia and other stakeholders for their continue support and collaboration towards the implementation of the Authority’s tax reforms in The Gambia.

He thus urged others especially tax payers to come forward and settle their tax with GRA in the interest of nation building.

The Governor of the Lower River Region, Salifu Puye, commended GRA for the initiative, noting that the move taken by the Authority is not only timely, but also a step in the right direction.

“I must seize the opportunity to encourage GRA to go further to the district level because no country can develop in the absent of tax and for that being the case, I urge all tax payers including those in my region to comply and settle their tax with GRA on time.” he said.

Governor Puye enjoined participants to listen keenly and participate fully throughout the sessions so as to enable them get better understanding of the topics being discussed.

Alhaji Yaya Jarjusey, the chief of Jarra West District and Chief Demba Sanyang of Kiang Central, both expressed similar sentiments.

The duo called on GRA to help them with logistics so as to enable them to organized similar events within their respective districts.

by Salifu M. Touray  in LRR