· Revenue performance · TAJ Web Master
TAJ’s Positive Collections Trend Continues in August
Tax Administration Jamaica (TAJ) is advising that preliminary figures indicate that for the month of August the net collections target was exceeded, as the Revenue Authority was able to collect $19.6B, 2.3% over the $19.2B…
Tax Administration Jamaica (TAJ) is advising that preliminary figures indicate that for the month of August the net collections target was exceeded, as the Revenue Authority was able to collect $19.6B, 2.3% over the $19.2B target.
This performance continues the trend which was set in the first quarter of this financial year as collections for the period April to June, when averaged, stood at 108.5% of the $61.9B target. The July 2016 collections continued the upward movement as $19.3B or 100.2% of the $19.1B target was met. As a result, the year to date net collections now stands at $106.4B (6.3%) over the $100.2B projected for the period.
This positive outcome, is a result of the continuation of focused compliance strategies. These efforts included closer monitoring of arrears which was facilitated through the implementation of the Revenue Administration Information System (RAiS); the mandating of several categories of taxpayers to file online and the introduction and application of a system generated penalty of $5,000 per month per return for late filing.
Additionally, Tax Administration Jamaica (TAJ) continues to ramp up its enforcement activities. Recently a joint operation with the Major Organized Crime & Anti-Corruption Agency sections of Clarendon to recover outstanding taxes from tax evaders, resulted in 17 taxpayers making full payments on spot, while several others paid down significant amounts with arrangements to settle the outstanding sums shortly.
The service and education push continued as Taxpayer Education Teams, Technical Specialists, Client Relationship Managers and Customer Care Agents interfaced with taxpayers to educate and inform them of their rights and obligations and well as provide tax information and assistance. Seminars, workshops, sensitization sessions and speaking engagements were some of the strategies employed.
TAJ will continue to utilise all the avenues available to encourage and foster voluntary compliance through moral suasion. Notwithstanding, tax avoiders and evaders will be aggressively pursued through intelligence and enforcement actions and brought to book.
Persons may contact the TAJ Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) toll-free for further information or assistance.
This performance continues the trend which was set in the first quarter of this financial year as collections for the period April to June, when averaged, stood at 108.5% of the $61.9B target. The July 2016 collections continued the upward movement as $19.3B or 100.2% of the $19.1B target was met. As a result, the year to date net collections now stands at $106.4B (6.3%) over the $100.2B projected for the period.
This positive outcome, is a result of the continuation of focused compliance strategies. These efforts included closer monitoring of arrears which was facilitated through the implementation of the Revenue Administration Information System (RAiS); the mandating of several categories of taxpayers to file online and the introduction and application of a system generated penalty of $5,000 per month per return for late filing.
Additionally, Tax Administration Jamaica (TAJ) continues to ramp up its enforcement activities. Recently a joint operation with the Major Organized Crime & Anti-Corruption Agency sections of Clarendon to recover outstanding taxes from tax evaders, resulted in 17 taxpayers making full payments on spot, while several others paid down significant amounts with arrangements to settle the outstanding sums shortly.
The service and education push continued as Taxpayer Education Teams, Technical Specialists, Client Relationship Managers and Customer Care Agents interfaced with taxpayers to educate and inform them of their rights and obligations and well as provide tax information and assistance. Seminars, workshops, sensitization sessions and speaking engagements were some of the strategies employed.
TAJ will continue to utilise all the avenues available to encourage and foster voluntary compliance through moral suasion. Notwithstanding, tax avoiders and evaders will be aggressively pursued through intelligence and enforcement actions and brought to book.
Persons may contact the TAJ Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) toll-free for further information or assistance.
Originally published on jamaicatax.gov.jm .
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