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SA fourth best tax reformer in world

South Africa is the top African reformer when it comes to tax and thefourth reformer worldwide, according to a study released on Friday.

MPs reject proposal to tax their allowances

MPs ignored public pressure and rejected a proposal to tax their allowance and pushed the Treasury to withdraw a similar proposal to tax allowances of constitutional office holders.

Alleged diamond dealer charged for tax evasion

One Abubakar Tunkara was on Tuesday arraigned before Principal Magistrate Kumba Sillah-Camara of the Bundung Magistrates Court, charged with tax evasion. According to the particulars of the case, Abubakar Tunkara was charged with intent to defraud the government of The Gambia of duties due when he knowingly concealed 44 stones of diamond valued at US$1150 at the port of entry into The Gambia. According to Detective Corporal 1853 Saikou Njie of Old Yundum Police Station, on 31 August 2008...

How much tax are you paying?

Market Beat would like to continue as usual where we left off weeks ago with our tax tables. Please stick with us as we try and get every working person covered and so that you are in no illusion as to how much tax you should be paying. As the weeks roll by we will eventually get to your scale. This week we have the privilege to comb the following tax brands and figures. Jolly good week from market beat to all of you. Cheers! 24700.00 2053.01 2058.00  173.33 24760.00 2058.01 2063.00  174.08...

Payment of tax Fundamental for national development

Payment of tax is an ancient practice entrenched in the economic systems of civilizations. Revenue accrued from tax goes to ensure that the authority concerned meets the demands of its citizens in terms of service delivery.  As such tax payment is a national duty; and, therefore, any attempt to evade it constitutes a serious crime, regardless of who is culpable. Tax evasion is in fact not just a worldly crime; it is a crime even in the eyes of Allah. Leaders are accountable to Allah for the...

How much tax are you paying? Welcome to revenue house

MARKET BEAT would like to continue as usual where we left off weeks ago with our tax tables. Please stick with us as we try and get every working person covered and so that you are in no illusion as to how much tax you should be paying. As the weeks roll by we will eventually get to your scale. This week we have the privilege to comb the following tax brands and figures. We have just celebrated another July 22nd, Anniversary with a difference and it also witnessed the commissioning of the...

BAC Sues Former Kombo North Chief Janneh

The BrikamaArea Council (BAC) recently dragged Eric Tunde Janneh, the former Alkalo ofBanjulinding and Chief of Kombo North, to the Municipal Court of Brikama AreaCouncil for tax evasion.He was lastweek arraigned for allegedly refusing to pay tax due on his two propertiessituated in Banjulinding, and on a total of 60 heads of cattle, for many years. Mr. Jannehhas categorically denied the charges. However thedevelopment, in the view of many, will serve as a possible deterrent forwould-be...

Gambia Revenue Authority (GRA)

public notice Get your Withholding Tax Certificate Now The Gambia Revenue Authority wishes to inform the general public that ‘Withholding Tax Certificates’ forms are now available and can be collected from the address below: Domestic Taxes DepartmentGambia Revenue AuthorityRevenue House78/79 Liberation AvenueBanjul The general public is further informed that persons from whom monies are being withheld must demand a ‘Withholding Tax Certificate’ against tax withheld. The certificate will be...

Kafuta VDC, Forestry present D51,000 to BAC

Kafuta Community Forestry, in collaboration with the Village Development Committee (VDC), on Sunday presented an amount of D51, 087 to Brikama Area Council, as part of their 2007 annual rents and tax fees for Kafuta village, Kombo East District, Western Region. Being one of the biggest village out of the 32 villages in Kombo East, Kafuta village stands out for emulation when it comes to payment of tax and rents. Speaking at the presentation ceremony, Janko Kassama, Imam Ratib of Kafuta Village,...

TRUST BANK PROFITS FALL BY 65% While total assets increased by 14%

A 65% drop in post-tax profit has been recorded in 2007 by of Trust Bank Limited (TBL). According to the 2007 annual report released by the bank, profit after tax dropped from D116,134 million in 2006 to D40,468 in 2007. This highlight in the drop of profit was blamed on the revaluation losses of D103 million. Meanwhile the total asset of the bank increased by 14% from D2.3 billion to D2.6 billion. TBL chairman, Ken Afori Atta, informed the 10th Annual General Meeting at the Kairaba Beach...