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Monday, May 22, 2006 

PSC/VAT Training Committee to be established -stakeholders to play a vital role

Monday, May 22nd 2006

The Guyana Revenue Authority (GRA) met with the Private Sector Commission (PSC) on Tuesday to begin the process of establishing a Value-Added Tax (VAT) Training Committee.

A press release from the office of the Commissioner-General said the VAT Steering Committee, which is chaired by Minister of Finance Saisnarine Kowlessar, had given the go-ahead for the establishment of the Training Committee with the PSC. The committee will be tasked with identifying the VAT training needs of the PSC and developing a training plan. It will comprise representatives of the GRA and the PSC and is expected to be operational by month's end.

GRA Deputy Commissioner-General Clement Sealey said the establishment of a committee was one of the requests made by the PSC members when they met with the VAT Implementation Team last month. He said the GRA's legal team will examine transitional issues such as dealing with closing stock at December 31, 2006 and he assured the PSC that these results will be sent to the committee for review.

Sealey said that a policy paper will be developed and information guidelines prepared on the issuing, control and printing of tax invoices will also be submitted to the committee for approval.
The business community will also be given an opportunity to review documents and give feedback. Sealey said that as the GRA proceeds with its public relations campaign, it would continue to engage and inform all stakeholders on the VAT and Excise Tax.

The meeting was held in the PSC boardroom at their Waterloo Street office.

© Stabroek News

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