By Isatou Jawara
The Commissioner General of Gambia Revenue Authority, Yankuba Darboe has revealed that GRA and the ministry of finance in January undertook tax reforms aimed at revising tax rates in some key revenue lines, including rental and corporate income tax.
The Commissioner General explained that the employment and individual income tax are all reduced, adding that duty tax on rice has also been reduced from 10% to O%.
It is hoped that these reforms will accord positive impact on the living standard of the citizenry, Mr Darboe said while addressing an ongoing nationwide tax seminar at MDI.
The seminar is part of GRA’s strategy to engage, educate and sensitise the public on taxes and their administrations.
The seminar is being supported by UNDP through the Ministry of Finance and Economic Affairs to support and strengthen capacities of national institutions responsible for economic management evidence based policy planning and budgeting to achieve inclusive growth and poverty reduction.
Speaking further Commissioner Darboe explained that GRA is engaging other key stakeholders such as regional authorities and the private sector in a series of programs to deepen their understanding on revenue management and administration.
Mr Darboe said the seminars will also discuss new tax reforms and clarify challenges faced by the authority and taxpayers in the process of collecting the much needed tax revenues for the Government.