Hosted the Guyana Revenue Agency (GRA), and delivered in collaboration with CATA, the OECD, the World Bank, CIAT and the Canada Revenue Agency (CRA), the workshop – A Practical Approach to Risk Assessment in the Caribbean Region – took place in Georgetown, Guyana October 4-6, 2016.

A representative of CARTAC also participated in the activity, along with officials from areas dealing with risk assessment from the tax administrations of Antigua and Barbuda, Barbados, Trinidad and Tobago, Saint Lucia, Dominica, St. Kitts & Nevis, Grenada, Belize, and a significant number of officials from Guyana.

The need to maximize the use of limited resources and increase revenues to support government programs has made the tax risk assessment process a strategic priority of tax administrations. Some of the topics discussed in the workshop dealt with tax regulations, the identification of and access to sources of information, tool and techniques, as well as strategic, cultural and regional aspects that affect the risk management process.

The participants showed great commitment and interest in the practices discussed and replicating them where appropriate in their respective areas in the interest of strengthening their tax administrations.

This activity is an excellent example of cooperation and coordination between tax administrations and international/regional organizations to strengthen tax administration capacity in the region.

Participants.

From left to right: Isaác Gonzalo Arias, Cooperation and International Tax Director of CIAT and Belinda Darling of OECD.