Income Tax Act public education campaign…Security Companies and small businesses were educated in the tax laws recently after the Communication and Tax Advisory Services Division of the Guyana Revenue Authority (GRA) conducted a series of tax workshops.These workshops were tailored specifically for the small business clients of EMPRETEC Guyana and local Security companies.According to GRA, the foremost objective of the workshops was to make participants aware of their Income Tax obligations as self-employed persons and/or employers; the provisions of the Value Added Tax Act No. 10 of 2005; and the penalties for non- with the provisions of the Value Added Tax Act, and the Income Tax Act Chapter 81:01.GRA said that small business owners were given guidance on how to accurately complete the Individual Income Tax Return, the importance of possessing a Taxpayer Identification Number (TIN) and how to obtain same.It was noted that participants were also sensitised on the various types of VAT registration,Jerseys Wholesale, the requirements for registration and benefits to be derived thereof. In their capacity as employers, participants were informed of their obligation to deduct, withhold and remit Income Tax in accordance with Section 93(1) (2),NFL Jerseys Wholesale, and Regulation 12(1) of the Income Tax Act. In addition,Cheap NFL Jerseys China, step by step guidance on completing the Employers’ Returns,NFL Jerseys China, aided by a demonstration on computing the Income Tax payable was also provided.The GRA has recognised that despite the fact that Income Tax was introduced and implemented decades ago, the knowledge base of the average taxpayer concerning their obligations under the Income Tax Act is minimal.Commissioner- General, Khurshid Sattaur, noted that “the lack of knowledge and understanding of the Income Tax Act by some taxpayers is unacceptable, as such over the last two years the agency has intensified its public education campaign.”He emphasised the need for tax guidance to be provided to the ever increasing number of self employed persons some of whom evade and avoid taxes,Wholesale Jerseys Online, since there are revenue collection ramifications. Mr. Sattaur further noted that, “ignorance of the law is the most common excuse used”.