In response to the expansion of the oil and gas tax roll, the Guyana Revenue Authority (GRA) has embarked on a strategic capacity-building drive for its Petroleum Cost Recovery and Petroleum Revenue Departments.
The initiative aims to recruit a group of adept professionals to adequately administer taxes, carry out risk-based audits, bolster taxpayer education, and implement risk-based compliance protocols. It said these measures are essential for optimizing revenue generation and improving taxpayer compliance within the sector.
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The GRA seeks to form a talent pool, which will undergo specialized training offered through collaborations with universities, the International Monetary Fund (IMF), and GRA’s technical staff.
To ensure the recruitment of qualified individuals, the GRA has set forth a series of essential requirements for interested candidates. These prerequisites, outlined in a public notice, include the completion or active pursuit of qualifications such as the Association of Certified Chartered Accountants (ACCA), the Certified Public Accountant (CPA), the Council of Petroleum Accountants Societies (COPAS) or a Bachelor’s Degree in Accountancy. A minimum of two years of experience in accounting or auditing is also mandatory.
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The GRA has been having trouble keeping highly sought-after professionals as they have been leaving for higher-paying jobs in the private sector.
Meanwhile, the government is relying on international audit firms to assist with key audits.
