Transcript The Implications of the Revenue Administration Information System

The Implications of the
Revenue Administration
Information System (RAIS)
on the Gaming Industry
Presented by Jean James
Chief Policy and Transformation Officer
September 22, 2016
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Agenda
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Tax Types
Changes that impact clients
Benefits of the Changes
Online Services
Q&A
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Rollout 3
September 5, 2016
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Rollout 3
Betting, Gaming and Lottery
Stamp Duty and Transfer Tax
Withholding Taxes
Environmental Protection Levy
Trade and Business Licence
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Registration
Account registration is done.
Companies - account registration is done
on the primary TRN or branch.
Individuals - registration is done on the
branch TRN.
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Account Types
Racing
Sports Betting
Gaming
Lottery
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Account Types
Lottery
Accounts are added with an active or
pending status
 Active status where customer will start filing
immediately
 Pending status where the license is issued and
customer has not yet started.
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Account Deregistration
• Customers are required to advise BGLC
when they are no longer in business.
• Accounts will be marked ceased in RAIS
when deregistration is done.
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Returns
Account Type
Form
Frequency Due Date
Betting (Sports Betting Promoter)
BT01
Weekly
Within 14 days after
the end of week.
Betting (Pool Betting Promoter)
BT02
Weekly
Within 14 days after
the end of the week.
Betting (Sports Betting – Non
Promoter)
BT03
Weekly
Within 14 days after
the end of the week.
Betting (Pool Betting Promoter)
BT04
Weekly
Within 14 days after
the end of the week.
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Returns
Account Type
Form
Frequency
Due Date
Betting (Racing - Bookmaker)
BT05
Weekly
Within 14 days after
the end of the week.
Betting (Sports Betting –
Bookmaker)
BT06
Weekly
Within 14 days after
the end of the week.
Gaming
GT01
Monthly
Within 7 days after
the end of the month.
Lottery
LT01
Weekly
Within 7 days after
the end of the month.
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Filing of Returns
Returns are filed at TAJ.
Returns can be filed both inline and online.
 BGL account registration required
 eService account required for online filing
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Filing of Returns
Returns filed online are processed
overnight.
Returns filed inline are processed through
data entry.
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Filing of Returns
Returns are subject to validation during
processing:
 Notice of Assessment (correction to return)
 Re-Computation Letter
 Missing Signature Letter
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Payments
Payments are to be made by due date.
Penalty will be charged for late payment.
Demand Notice will be sent for
outstanding amounts.
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Benefits
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Benefits
Reduced processing time.
Availability of more payment options.
Quicker and more secured validation.
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Benefits
Cost reduction.
Easy access to accounts.
Use of more modern technology.
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Online Services
Filing
Payment
TRN
Application
Enquiries
Submission
of
Documents
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Online Services
Request
Refunds
Apply for
TCC
Request tax
free travelling
Access
Accounts
Validate
Documents
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Contacting TAJ
1-888-TAX-HELP (829-4357)
[email protected]
www.jamaicatax.gov.jm
www.facebook.com/jamaicatax
@jamaicatax
www.youtube.com/user/watchtaj
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END
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