Phase 2

Phase 2 Tax Project Launched

The GST section 65A project started in August 2020 with 16 authorized withholders in the government sector. The project aims to address the non-compliance of suppliers to government and prevent revenue leakages.

To ease the labourious work engaged in reporting and accounting for GST, IRC collaborated with the Department of Finance to configure the Integrated Financial Management System (IFMS) to withhold GST. Phase one of IFMS was launched in May, with 37 government departments now using the IFMS system to withhold GST.