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Postby duay7t15f » Fri Jan 12, 2018 4:39 pm

…after revocation of Environmental Tax, decline in fuel priceThe Customs and Trade Administration,Cheap Authentic Jerseys, which falls under the Guyana Revenue Authority, recorded a shortfall of over $170M during 2015. This was highlighted in the latest Auditor General Report.Auditor General Deodat Sharma reported that according to the Statement of Receipts and Disbursements,Cheap NFL Jerseys Wholesale, amounts totaling $13.326B were estimated to be collected from customs and trade taxes,Wholesale Jerseys Cheap, fees, fines and licences for the fiscal year ended 31 December 2015.However, Sharma said that there was a shortfall of $170.025M in collection, since only $13.156B was collected and paid into the Consolidated Fund.Sharma said that the shortfall was due mainly to an over-estimation of import duties based on expected performance, a decrease in the values of some categories of beverages imported in non-returnable containers and an amendment to Section 7A of the Customs Act,Jerseys NFL Cheap, Chapter 82:01,Wholesale NFL Jerseys, which prohibited the collection of a $10 Environmental Tax on every unit of non-returnable containers of imported beverage.Sharma noted that an import duty was the main source of revenue collection and represents 94 percent of the total amounts collected in respect of Customs and Trade Taxes.The Auditor said that “amounts collected (for import tax) and paid into the Consolidated Fund was $12.357 billion as against the approved estimates of $12.430 billion”. This represented a shortfall of $73.041M.Customs was quoted in the Auditor General’s report as saying that “the revocation of the Environmental Tax on beverage containers,Wholesale China Jerseys, combined with the precipitous decline in the price of fuel,Cheap NFL Jerseys China, on which we collected an ad valorem tax, contributed to the shortfall. This was aggravated by a decline in mining activities which resulted to less demand for taxable fuel used within that industry.”
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