GRA netted over $3B in past five years from monitoring and enforcement
In the preceding five years the Law Enforcement and Investigation Division (LEID) of the Guyana Revenue Authority (GRA) collected over $3 billion in revenue through monitoring and enforcement activities but despite its successes the tax body is currently monitoring several defaulting tax payers who cumulatively owe more than the same figure in unpaid taxes.
A draft report on the authority’s operations during the period June 2015 to June 2020, which has been seen by Sunday Stabroek, says that the significant increase in revenue was as a result of the implementation of several initiatives, measures and strategies, including the creation of a petroleum unit, intensified LEID operations at the wharves and regional locations, and the effective use of the division’s limited human and capital resources.
Sunday Stabroek understands that Commissioner-General Godfrey Statia began preparing the report as a handing over document following the March, 2020 elections. It is, however, not clear if it was ever completed.