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GRA presents 2020 annual report to Public Accounts Committee | LOCAL NEWS | Mamos Media LTD

GRA presents 2020 annual report to Public Accounts Committee

Mamos Media

By Adama Tine 

 The Gambia Revenue Authority (GRA) on Thursday presented its 2020 annual activity and financial statement report before the Finance and Public Accounts Committee (FPAC) of the National Assembly.

Lucy Fye -Jagne, GRA Board Chairperson told the committee that one of the core mandates of GRA as a revenue collection agency is to assess, collect, and account for all revenue due to the government in a fair and transparent manner according to the revenue laws.

“Under our cultural setting, many see non- compliance towards tax obligation as normal. In such an environment the enforcement of revenue laws becomes a daily uphill battle and which in itself is both challenging and resourceful. We are therefore all appreciative of the magnitude of the task assigned to the GRA which has been operating in a single revenue administration since 2007 and continues to account for most of the government, and recurrent budget, on an annual basis,” she said.

She said that the average annual revenue growth for the period 2007 to 2020 stood at 11%. “This status of revenue mobilisation has given government greater leverage in driving its development projects and agenda. To further strengthen the gain in revenue mobilization and administration the GRA has continued to implement international best practices.”

She added that upon consideration of the 2020 audited financial statement, GRA has no outstanding financial unaudited financial statement. The 2021 financial statement is not due yet, so we are filing complaints with the law.”

Yankuba Darboe, Commissioner General for the GRA said the financial statement they were presenting was based on subvention perceived to run the affairs of the authority and not on the revenue collected for the government.

He added that the establishment of the authority brought together the former department of central revenue, domestic taxes and customs and excise to enhance efficiency in administration and reduce the compliant border on taxpayers.

AT/COB/DAJ/26/01/22

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