SCG|Chartered Accountant |Outsourced Accounting Services - PowerPoint PPT Presentation

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SCG|Chartered Accountant |Outsourced Accounting Services

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SCG Chartered Accountants is a firm with one central mission –to provide value-driven results with you central to our thinking.We are partnered with Xero cloud accounting software. We’ll work with you on an ongoing basis to discuss the numbers and how acting on them can make a real difference. – PowerPoint PPT presentation

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Title: SCG|Chartered Accountant |Outsourced Accounting Services


1
GRA iTaPSTax Made Digital
  • INTERGRATED TAX APPLICATION PREPARATION SYSTEM

2
Objectives
3
Educate
4
Legal Basis- sect. 26, RAA
  • Commissioner may establish and operate an
    electronic document system for
  • Electronic filing of documents
  • Electronic service of documents
  • Electronic payments by persons
  • Issuance of TCC by electronic means

Prescribe rules for Registration of persons required to participate in e-document system Types of documents to be transmitted through the e-document system  Resolution of difficulties  Secrecy to be maintained by users Accessibility of e- tax clearance certificates to the public bodies e.g. Lands Commission, GRA (Customs Division), Government agencies etc.
5
What is iTaPS?integrated Tax Application and
Preparation Systeme-services platformenable
taxpayers Prepare, Apply and ReceiveGRA services
online
6
Why iTaPs?
7
Overview of iTaPs (Phase 1)
Annual Tax Return
e-Registration
This module will enable Individuals to prepare
their Self Assessment Estimate and file their
Final Annual Tax Return
This module will enable Individuals Companies
to register and have access to GRA eServices
platform
8

iTaPSe-Services
Portal



9
Impact Role on client business
  • Impact on business
  • Minimize risk of late filing and payments
  • Able to know Tax position always
  • GRA able to detect non-compliance which may
    trigger audit

Role of clients Register on the portal and appoint SCG as their tax consultants Send data and payment on time Keep proper records of transactions
10
Role   of SCG
11
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