Farley And Partners

Audit and Compliance Process

Service Processes

The GRA operates a self-assessment regime which allow taxpayers to calculate their tax liabilities themselves. Where there is reason to believe that the taxpayer’s declaration is not correct, GRA will conduct audit exercises. Audit and compliance exercises are conducted to verify and confirm the taxpayer’s compliance with the laws and accuracy of the taxpayer’s tax calculation. Taxpayers (businesses) may be selected for an audit based on

  1. The taxpayer’s history of compliance or non-compliance
  2. The amount of tax paid or payable by the taxpayer
  3. The class of business conducted by the taxpayer
  4. Intelligence information
  5. Random case selection
  6. Any other matter that is considered relevant for the assurance of revenue collection

 

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