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

Mauer signs for 4 years, $33M

first_imgAmerican League batting champion Joe Mauer and the Minnesota Twins agreed Sunday to a $33million, four-year contract, avoiding salary arbitration and giving one of the team’s young stars the security of a long-term deal. The 23-year-old catcher hit .347 with 84 RBIs last year to help the Twins rally from a 12 -game deficit to win the ALCentral on the final day of the regular season. He played in his first All-Star Game last summer. “It’s definitely a relief,” Mauer told the Minneapolis Star-Tribune. “This year was a little bit different going through the arbitration stuff. I’m just happy to get it done.” Selected with the first pick in the 2001 amateur draft out of Cretin-Derham Hall High School in St. Paul, Minn., Mauer was eligible for arbitration this winter for the first time. He became the first catcher to lead the majors in batting average and the first AL catcher to win the batting title. “I’m real excited to be in Minnesota for the next four years and that I’ll be playing at home with my family and friends being there,” Mauer said. “I’m excited to be there for the opening of the new stadium.” The deal will keep Mauer with the Twins through at least 2010, the year the team is scheduled to begin playing in a new Minneapolis ballpark. That didn’t mean Mauer gave Minnesota a hometown discount, however. He will get $3.75 million this year, $6.25 million in 2008, $10.5 million in 2009 and $12.5million in 2010. Mauer has additional award bonuses and will get the right to designate three teams each year that he can’t be traded to without his consent. “This is a market deal,” general manager Terry Ryan said. “Don’t worry about that.” center_img Mauer would have been eligible for free agency after the 2009 season. “This is a good day for this organization, and I feel like it’s one of those deals which is going to work for both sides,” Ryan said. “You have to be comfortable with how a player’s going to respond to security. I don’t think there’s any question how Joe’s going to respond to that.” Mauer’s rookie season in 2004 was cut short by a knee injury that raised some questions about how his body could handle the physical demands of his position behind the plate. But he has been fine since. “That’s one of the good things about this situation,” Ryan said. “He is in awful good shape and showed it last year.” Twins pitchers and catchers are scheduled to report to spring training in Fort Myers, Fla., by Sunday. Ryan has one more player left in arbitration, rightfielder and cleanup hitter Michael Cuddyer. Braves, Villareal agree to terms: Pitcher Oscar Villareal agreed to a $925,000, one-year contract with the Atlanta Braves, who settled with their only player still in arbitration. The right-hander could make another $100,000 in bonuses based on how many games he starts and finishes. A hearing had been scheduled for Wednesday. Villareal, who made $552,500 last year, asked for a raise to $1.3 million. The Braves countered with an offer of $860,000. Villareal gets three points for each start and one point for every game he finishes. He would receive $25,000 bonuses for reaching 30, 39, 48 and 60points. He pitched 58 games for the Braves last season, all but fourof them in relief. He went 9-1 with a 3.61 ERA. 160Want 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

Mobile More Important Than Ever, But 80% of Businesses Will Overspend

first_imgRelated Posts Cognitive Automation is the Immediate Future of… This month, two painful but impossible to ignore facts have emerged about mobile use by business. First, research from Forrester suggests IT support for business use of personal mobile devices has a big impact on enterprise collaboration, with fewer of the challenges that new technology like cloud computing present. Second, a new report from Gartner asserts that despite mobile IT support just beginning to really blossom, a full 80% of businesses will spend more than they need to on voice and data costs in the next five years. That dichotomy, the one between big expectations and overeager spending, is a paradigm that could cripple the sustainable growth of mobile in the enterprise. Mobile CollaborationThe new report by Forrester Research, Technology Populism Fuels Mobile Collaboration, tracks both how enterprises are using mobile now, and how increased assistance for it by employees can have tangible results for the level of collaboration that goes on. 82% of working adults have a personal mobile device. To not support their business use of it would be an enormous missed opportunity. According to Forrester, the key benefits are faster team work and decision making. The fact that mobile access to corporate data would be a booster is hardly a surprise, but backing it up with this kind of data should be a first step in goading management to commit to mobile in the enterprise. Widespread OverspendingAs something of a counterpoint to Forrester’s research, Gartner has issued a stern warning to enterprises: 80% of you will overspend on mobile services. Gartner predicts that in the next five years, at least 15% of the money for mobile devices and plans for voice and data will be unnecessarily spent. Particularly troublesome is the inefficient strategies companies have for reducing costs and negotiating contracts tailored to businesses, rather than piecemeal personal plans purchased on an enterprise scale. The combination of rising expectations for ROI plus the potential to overspend could very well cripple the support for mobile in the future, if enterprises aren’t careful. Image credit: James Cridland Tags:#enterprise#Trends steven wallingcenter_img 3 Areas of Your Business that Need Tech Now Massive Non-Desk Workforce is an Opportunity fo… IT + Project Management: A Love Affairlast_img read more

Switzerland’s Hoefflin skis to gold in women’s slopestyle

first_imgNEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Slow and steady hope for near-extinct Bangladesh tortoises Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Sarah Hoefflin, of Switzerland, jumps during the women’s slopestyle finals at Phoenix Snow Park at the 2018 Winter Olympics in Pyeongchang, South Korea, Saturday, Feb. 17, 2018. (AP Photo/Lee Jin-man)PYEONGCHANG, South Korea — Switzerland’s Sarah Hoefflin is the Olympic champion in women’s slopestyle skiing.The 27-year-old put together an electric final run down the demanding course at Phoenix Snow Park on Saturday, posting a 91.20 to edge teammate Mathilde Gremaud for gold. Gremaud scored 88.00 on the first of her three runs in the finals but couldn’t top Hoefflin.ADVERTISEMENT Simmons enjoying his first NBA All-Star weekend Hoefflin was in position for the silver when she stepped into the gate for her last trip. Rather than try to simply hold on to second, she went for the top spot. She finished with an off-axis 720 degree flip. She raised her arms after sticking the landing before skiing into the arms of her coaches.Logan, who will compete in the halfpipe competition next week, never really got going on her 24th birthday. She was a middling sixth during qualifying and her best trip during the finals came on her second run, when she appeared to be doing well only to scrape the ground after landing her penultimate jump. LATEST STORIES Read Next AFP official booed out of forum Hoefflin is a latecomer to freestyle skiing. She didn’t get serious about the sport until her early 20s when she couldn’t get into medical school after earning a degree in neuroscience.Isabel Atkin of Britain took bronze with a score of 84.60 in her final run.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutDefending Olympic champion Dara Howell crashed twice during qualifying and didn’t advance. American Devin Logan, a silver medalist in Sochi, reached the finals but wasn’t a factor after either crashing or having execution problems in each of her last three runs.Unlike the women’s snowboarding slopestyle final, where wind wreaked havoc with the field, the issues this time around seemed to simply be the treacherous course. Only nine of the 36 runs in the finals were scored higher than 70, typically a benchmark for a relatively clean trip.center_img Don’t miss out on the latest news and information. MOST READ John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Brace for potentially devastating typhoon approaching PH – NDRRMC Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles03:07PH billiards team upbeat about gold medal chances in SEA Games01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City 2 ‘newbie’ drug pushers fall in Lucena sting Typhoon Kammuri accelerates, gains strength en route to PH View commentslast_img read more