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Author: ASSAN JALLOW
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Total Articles: 2 |
Total Views: 1250
City: MALMO |
State: MALMO
About Me: Dynamic and result- oriented team player, thriving on the principle of ‘deliver or perish’- as my watch words in life. Anticipates and takes initiatives in a tactical, strategic and proactive manner; reliable and dependable; determined, focused and d |
Articles by ASSAN JALLOW:
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Taxation: A Contract or No Contract
Taxation itself is manifested by the contract which provides the basis for its legal imposition, payment and administration on a multi-faceted mandate. paying taxes goes with showing sense of civic duty and demonstrating a conscious conviction, sacrifice and commitment in contributing to national development. This requires taxation to be properly administered with a high sense of unalloyed equity.
- Category:
Finance
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History of Income Taxation and Administration in Gambia
By design, the way of traditional income tax collection and administration did not greatly differ much from modern day tax administrations we have seen institutionalised in the shores of our national economies. Ideally, the Income Tax system of The Gambia was based on the 1952 UK Model Ordinance Act that had distinctive features of attending to the needs of every taxpayer in cognisance of revenue and as an inducement cooperative strategy to promote the culture of tax payments.
The hikes in tax evasions and the extreme usage of the tax avoidance handles by taxpayers in meeting their tax obligations continuously plummeted. Interestingly, the baton of power thrust continues to change and more Gambians take charge of the management and leadership of tax administration in the country. This witnessed the introduction of new reform strategies and programmes with marked improvements realised in the mobilisation of domestic revenue.
- Category:
Finance
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