GT&T’s customers can now pay taxes using their cell phones
Mobile Money Guyana Incorporated (MMG), a mobile financial service provider has been recently added to the list of collecting agents for tax and licence payments to the Guyana Revenue Authority (GRA).
Through an agreement reached on June 17, last, with the GRA, Mobile Money Guyana, a subsidiary of the Guyana Telephone and Telegraph (GT&T) is now authorized to receive and process taxes and licences payments electronically.
According to GRA, taxpayers who utilize the MMG service are assured that their payments will be cleared, processed and credited to the GRA bank account within 24 hours, provided the transaction was done correctly.
“A small service fee of $40 will be borne by the taxpayer who, with a mobile handset, is at liberty to make payment of various tax types to the GRA from anywhere and at anytime within minutes.” MMG is now listed among the range of service providers collecting payments electronically on behalf of the GRA for Individual Income, Corporation Tax, Property, Value-Added Tax (VAT), Pay As You Earn (PAYE) Remittances and Motor Vehicle Licences payments.
Other providers include Demerara Bank, the Guyana Bank for Trade and Industry (GBTI) and Republic Bank. Over-the-counter payment at Western Union’s Bill Express location is another option available to taxpayers.
MMG was incorporated by GT&T in March 2013 to afford its customers the opportunity to purchase mobile credits, pay utility and other bills, receiving loan disbursements and making loan repayments, send and receive money locally, make deposits and withdrawals.
“The GRA sought to forge partnerships with the corporate entities as it seeks to revolutionise its services and more importantly provide taxpayers with convenient, fast and secure options of conducting payment transactions,” the tax agency said yesterday.
The authority said, it took into consideration the numerous challenges it continues to face in the task of ensuring that taxpayers honour their obligations in accordance with the law. “Chief among those challenges is congestion at its Camp Street Head office. Now, with the online banking and mobile options available for paying taxes, it is the GRA’s hope that the number of taxpayers visiting the GRA on a daily basis will be significantly less and that the level of compliance will be greater.”