Gambia Revenue Authority (GRA), with the technical support of the International
Monetary Fund (IMF), has vowed to ensure proper audit of telecom companies in
GRA Commissioner General Yankuba Darboe said the move is part of measures to further expand the tax base of The Gambia and reduce the country’s dependence on international trade revenue. International trade revenue contributes 55 per cent of total revenue receipts of the country, compared to 45 per cent from domestic revenue generation.
He was speaking at the official ceremony of a ten-day intensive training workshop on telecoms audit and regulation for the personnel of the National Audit, PURA and GRA, recently held at Kairaba Beach Hotel.
Mr Darboe said the training was very important, because taxation of telecom services is one of the most challenging areas of work due to the large volume of transactions involved in it.
“Thus, we believe that this training will expose our team of tax auditors to the requisite skills necessary to make sense out of large volumes of transactions generated by telecom companies,” he said.
GRA boss said proper audit of telecom services would present opportunity for the Authority to further expand the tax base and help reduce the country’s dependence on international trade revenues.
The Commissioner General further urged participants to take the training very seriously and make sure they share the knowledge gained from the training with others.
The permanent secretary at the Ministry of Finance and Economic Affairs, Lamin Camara, said that sustainable development can only be achieved through sound policies and revenue administration capacity to maximise domestic resource mobilisation.
He said the IMF had been partnering with the GRA since its establishment “to put the institution on a sound footing to deliver on its mandate”.