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TAJ surpasses collection target for second quarter

Preliminary figures indicate that Tax Administration Jamaica (TAJ) surpassed collections target for the second quarter of  the current fiscal year. 
 
For the period July to September, TAJ raked in $75.2 billion   which was 4.8 per cent over the $71.7 billion  target.   
 
As a result, year-to-date collections are now at $153.1 billion  .
 
This is two per cent above the projections at September 30 of  $149.8 billion .
 
TAJ is now on track to exceed the 320-point-8 billion dollar annual target.
 
Tax Administration Jamaica says the higher than projected collections resulted from continued focus on compliance strategies which began in the last financial year
 
These include closer monitoring of  arrears which was facilitated through the Revenue Administration Information System and the mandating of  all GCT taxpayers to file their returns online.
 
TAJ is also reporting a near 100 per cent GCT eFiling compliance rate for taxpayers mandated to file returns in this manner. 
 
                                                                                                   
In addition, TAJ says it will continue to aggressively pursue tax evaders through intelligence and enforcement actions.
 
It says its Special Enforcement Team recently targeted several delinquent taxpayers in St. Catherine and carried out an operation dubbed 'Old Capital 2.0' which resulted in the arrest of  ten persons for disobeying Court Orders.


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