Sun | Aug 20, 2017

TAJ exceeds first quarter collections target

Published:Monday | July 11, 2016 | 7:38 PM
The TAJ says for the month of June, for example, it collected some $25.7 billion or 12.2 per cent more that the $22 billion it was targeting.

Tax Administration Jamaica (TAJ) says it has exceeded its tax collection target for the first quarter of the 2016/2017 fiscal year.

The TAJ says for the month of June, for example, it collected some $25.7 billion or 12.2 per cent more that the $22 billion it was targeting. 

According to the TAJ says a review of first quarter performances over the last six financial years, shows that the 2016/2017 first quarter is the only one which reflects three consecutive months of over 100 per cent collections.

The agency says the improvement in tax collection is due to a number of strategies it has been undertaking to improve compliance across Jamaica.

The TAJ says its online revenue administration system and the passing of the Access to Third Party Information and Garnishment have also boosted its tax collection efforts.

The TAJ says it will continue to use all available avenues to encourage the voluntary payments of taxes.

But it says tax avoiders and evaders will be aggressively pursued and brought to justice.