The Economic Programme Oversight Committee, EPOC, is to meet with Tax Administration Jamaica, TAJ, over mounting concern about the continued
The meeting is to take place next month.
EPOC Co-Chair, Richard Byles, made the revelation at the Committee’s monthly media briefing today.
Richard Byles is concerned about what he sees as a bad trend — the government’s inability to keep tax revenues on target.
Up to December the shortfall was nearly 10 billion dollars.
He says PAYE and Tax on Interest continue to exceed budget.
But with the chronic under-performance in collecting Corporate Tax and GCT, EPOC needs answers from Tax Administration Jamaica.
Last December alone, Tax Revenues fell short by 2 billion dollars.
But Mr. Byles says EPOC has been advised that January this year was better.
The EPOC Chairman also revealed that government has been unable to draw down almost 2-billion dollars in grant funding because of ‘paperwork’ not completed.