Headline News

COTA working to enable tax collection region wide

BASSETERRE, St. Kitts – THE Caribbean Organization of Tax Administrators (COTA) is looking at crafting a plan to deal with those persons or entities that are delinquent in paying their fair share of contribution to their respective government.

Guyana has assumed the presidency of the General Counsel of COTA and the Deputy Commissioner General, Hema Khan, who is in St. Kitts for the 24th General Assembly and Technical Conference, told SKNVibes that they are trying to see as a region how best they could improve the compliance of citizens.

Khan disclosed that they have found instances where citizens and residents have “been using our own laws against us”, a problem she noted needs to be addressed urgently.

The Deputy Commissioner General stressed that, as a region, there is a need to share ideas and initiatives that could assist COTA to reinvent the wheel in their tax collection.

“We can actually share our experiences and try to achieve voluntary compliance as against forced compliance. You see, this is because it is more costly to go after persons who are non-compliant than if we can try to support them to voluntary compliance – both in terms of e-filing, submission of their returns online and payments online.”

Going further, Khan intimated that they have found both the citizens and the business community are delinquent in paying their share of taxes.

She emphasized that it is often difficult to say exactly the level of non-compliance from the business community and the citizenry.

READ MORE  >>

X