TTRA Seeks To Set Up Data Analytics Center To Address Tax Evasion

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TTRA Seeks To Set Up Data Analytics Center To Address Tax Evasion

The establishment of a data analytics center  is reportedly  on the agenda of the Trinidad and Tobago Revenue Authority.

This move is cited as one of the means to enhance the collection of revenue and ensure laws are complied with.

It is also aim addressing tax evasion.

Chairman of the TTRA Board, Nigel Edwards, reportedly made the comments  during an interview with the Guardian newspaper this week.

Earlier this week, the Court of Appeal said it was constitutional for the TTRA to set up operations for tax collection.

Edwards is quoted as saying “We are committed to generating effective trade facilitation through voluntary compliance, innovative solutions, enhanced citizen experience, and an empowered workforce.”

He added “Optimising the use of technology is key to our strategy. We are aware of the technological tools available to enhance our data analytics capabilities to reduce areas of non-compliance,”.

Edward said: “The TTRA will welcome support from other government agencies when needed to ensure comprehensive and effective tax collection.

As a semi-autonomous organisation, the TTRA has the leeway to seek assistance from both government and private agencies.”