GenTax

The Board of Inland Revenue GenTax System has changed how taxpayer information is integrated and how compliance reviews are supported. GenTax does not introduce new taxes. GenTax improves data consistency across key tax types, which increases the importance of accurate reporting and alignment between returns and underlying records.

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GenTax may support cross-checks across areas such as:

• Income tax / corporation tax filings

• VAT and related obligations

• Landlord Business Surcharge

• Payroll taxes and statutory deductions

• Banking and third-party information

• Property transactions and other reportable activities

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“Amendments have been made to thirteen (13) existing laws to give the Board of Inland Revenue authority to investigate tax related offences, other than merely assessing returns and collecting revenue.” - Minister  Honourable Davendranath Tancoo

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The BIR has obtained significant NEW POWERS under the recently passed Miscellaneous Provisions (FATF Compliance) Bill/Act No.7/2025 to:

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• Exercise authority under the Income Tax and other laws;​​

• Investigate tax offences brought to their attention;​​

• Take and record statements from taxpayers, employees and agents​​

• Compel the production of books, records and documents; and​​

• Co-operate with other law enforcement agencies and competent authorities.​

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FINANCE ACT NO.14/2025

Government has intensified efforts to strengthen revenue administration.

• Introduced a Landlord Business levy on rental properties.

• Ongoing modernization of Board of Inland Revenue and C & E Divisions

• Recruitment of 250 officers across Audit, Tax and Information & Communication Technology

• To fill all vacant entry-level posts by February 2026.

• To improve compliance, expand audit coverage and strengthen arrears collection.

• Imposition of Landlord Business Surcharge from 1.1.26​​​​

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Audit Accounting & Tax Services can help by providing the following:

• Assistance with all aspects of the Landlord Business Surcharge.

• GenTax compliance and risk reviews

• Review of consistency across VAT, income, payroll and banking records

• Audit preparedness for desk reviews and field audits

• Support with responses, representations, and documentation packs

• Assistance with objections and appeals where applicable to the BIR and Tax Appeal Board (TAB).

• Director / management briefings on governance and compliance readiness

• ​GenTax workshops and training sessions for boards, management teams and finance staff