GRA offers 50% off interest on outstanding taxes

first_img…as entity extends tax amnesty periodThe Guyana Revenue Authority (GRA) has given tax defaulters extra time to pay their arrears with its announcement that the tax amnesty period has entered its second and final phase.On Tuesday, the tax body said this final phase of the tax amnesty period will run from July 1 to September 30, 2018.According to information disclosed, both individual and corporate taxpayers who file all outstanding tax returns (true and correct) and pay all principal taxes, “can qualify for fifty percent (50%) off all interests and penalties” in the final phase.GRA said: “This recourse to settle tax liability applies to those who are delinquent in filing and payment, those who mistakenly underreported or understated their income, and/or those who are subjected to completed audits and a determination was made that the additional taxes owed to the GRA are still outstanding.”GRA, however, cautioned that this amnesty period relates only to liabilities up to, and including, the Year of Assessment 2017, and not for the current year, 2018. The tax body clarified that only Income, Corporate, Property, Capital Gains and Withholding Tax-related penalties will be waived. It observed that interest which has been accumulated on trustee taxes such as Value Added Tax (VAT), PAYE (Pay As You Earn) remittances, Travel Voucher Tax, Travel Ticket Tax, and Premium Tax will not be waived.“Tax Amnesty was introduced in the 2018 National Budget in two phases: the first phase, January 1 to June 30, offered a full waiver of the interest and penalties; while the second phase, July 1 to September 30, is offering a 50 percent waiver. In the process of seeking amnesty, taxpayers are advised to request a tax status check/liability statement from the GRA’s Debt Management Unit before proceeding further,” GRA added.last_img read more

Can’t blame him

first_imgRe “Grayja-vu” (Out Opinions, Nov. 16): When Gov. Schwarzenegger first took office, he was hellbent to make significant changes that would improve California and the life of all Californians. But when he attempted to do this with his reforms that the Legislature would not sanction and he went directly to the people for their support, we the people let him down. So our governor listened to our voices and with egg on his face shifted into a more conciliatory mode out of necessity. We cannot blame him for the mess California is in, we can only blame ourselves, and of course our other elected officials in Sacramento who care more about their own agendas than properly governing and improving our state and who by the defeat of the governor’s propositions were emboldened. – Millie Derose San Fernando What you pay for Re “Who will take pay raises?” (Nov. 20): So, City Attorney Rocky Delgadillo will be earning (I mean getting) $214,546 a year. Do you think that maybe, just maybe, he could set aside some money in the household budget for auto insurance? And maybe just a little more in case someone in the family, let’s say, a wife, gets behind the wheel of a city vehicle and fails to bring it back in the same condition. So much for the phrase, “you get what you pay for.” – Eric Heilbrun Valencia L.A. Library Re “Checking out the Central Library” (Know, Nov. 20): Another great way to get to the L.A. Library from the Valley is by Metrolink or the Red Line subway. After arriving at the train station downtown, just walk across Alameda to catch the “B” Dash bus. Your Metrolink stub is good for the Dash bus; otherwise it costs 25cents. The bus stops right across the street from the library. – Ruth Lockwood Granada Hills Senior clothing I am a senior citizen and I have no empathy for retail clothing stores that are crying that their sales are in jeopardy. And why is this? Because they cater only to the young. Our boobs droop, out butts sag and our stomachs protrude – but we like the luxury of nice clothing and enjoy wearing them. Where do we find nice clothing? Designers, wake up! Only you can help the economy. – Grace N. Gremer West Hills Enlightened Re “Bearing arms” (Your Opinions, Nov. 15): Everyone dislikes some part of the Constitution and if we removed all the items that everyone disagreed with there wouldn’t be a Constitution, which is why the Founding Fathers made it so hard to change. Paul Hutchinson somehow feels that most countries in the world are more “enlightened” than America. If Paul were truly enlightened he would realize that before a nation can be considered enlightened, its citizens would have to be enlightened, and if the citizens were enlightened we wouldn’t need gun laws or any laws as far as that goes. – George Henderson Burbank Why obesity Re “Child obesity soars” (Nov. 20): Fact: Metabolism is genetic, unalterable, and determines a person’s weight. Skinny people can eat all they want, and remain skinny. To find the cause of obesity, look to the family tree – not to caloric intake. There is help: Speeding digested foods through the small intestines can offset the effects of metabolism. Certain foods and medications can do this, such as prunes, prune juice, Metamucil, light laxatives, fruit and vegetables, etc. Conversely, fatty foods, such as butter, cheese, mayonnaise, regular milk, pastries, red meat, french fries, ice cream, etc., tend to slow the movement, and thus cater to our metabolism. – Fred Coble North Hills Highlighting Re “LAX braces for 1.85 million travelers over 10 days” (Nov. 15): Shouldn’t all the publicity about the breakdown of airport security have been kept classified? This way, we’re just highlighting for terrorists how to do it. – Don Gately Valencia160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more