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Impact on revenue collection too significant to ignore – GRAThe Guyana Revenue Authority (GRA) has taken note of the large number of individuals and entities that have become involved in the international telephone call business.According to a press release issued by the Authority yesterday,Bryan Trottier Penguins Jersey, the effects of these operations are evident in the significant reduction in revenue collected from legitimate providers of international telephone service.GRA noted that these individuals and businesses have essentially created illegal telecommunications networks that employ authorized VSAT (Very Small Aperture Terminal) equipment for unlawful purposes, or VSAT equipment without the requisite licenses,Max Pacioretty Canadiens Jersey, SIM banks, broadband Virtual Private Networks (VPNs),Vladimir Konstantinov Red Wings Jersey, and international Voice Over Internet Protocol (VoIP) providers like Vonage, Skype,Marc Staal Rangers Jersey, and Packet 8 to offer outbound and inbound voice calls to the public for a fee.“These operations are illegitimate and essentially result in tax evasion, since no revenue is paid on these calls. These operations are increasing rapidly, and GRA’s calculations indicate that their collective impact on the national revenue collection effort is too significant to ignore,” the release stated.It was explained that all telephone calls made from,Luke Glendening Red Wings Jersey, or received,Patric Hornqvist Penguins Jersey, in Guyana without utilizing a properly licensed carrier undermine the revenue collection by avoiding the payment of Value Added Tax (VAT),Saku Koivu Canadiens Jersey, which all telephone calls attract, and reduces the taxable income of legitimate telephone operators,Dominic Moore Canadiens Jersey, and therefore the amount of Corporation Tax collected by GRA.The GRA plans to intensify its surveillance and investigative activities,Vincent Lecavalier Lightning Jersey, in collaboration with the competent relevant sector agencies, to identify and prosecute defaulters to the full extent of the law.Members of the public are being encouraged to report the existence of this type of operation to the GRA.