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Guam Revenue and Tax Authority Announces New Regulations to Streamline Taxation Process and Optimize Revenue Collection

The Guam Department of Revenue and Taxation, also known as Rev and Tax, is the authority responsible for overseeing tax administration on the island of Guam. The department is tasked with collecting taxes, enforcing tax laws, and providing taxpayer assistance and education.

Rev and Tax plays a crucial role in the economic development of Guam by ensuring that businesses and individuals pay their fair share of taxes. The department administers various tax programs, including income tax, sales tax, property tax, and business license tax.

The Guam Taxation Commission, which is a division of Rev and Tax, is responsible for hearing tax appeals and resolving disputes between taxpayers and the department. The commission consists of members appointed by the Governor of Guam and serves as an independent body to ensure a fair and impartial review of tax cases.

Whether you are a resident or a business owner in Guam, understanding the tax laws and regulations is essential. Rev and Tax provides resources and guidance to help taxpayers navigate the complexities of the tax system. By staying informed and compliant with tax obligations, you can contribute to the growth and prosperity of Guam.

Questions and answers,

What is Guam Rev and Tax?

Guam Rev and Tax, short for Guam Department of Revenue and Taxation, is the government agency responsible for collecting and administering taxes on the island of Guam.

What are the main functions of Guam Rev and Tax?

The main functions of Guam Rev and Tax include collecting and administering taxes, processing tax returns, issuing tax refunds, conducting tax audits, and enforcing tax laws on the island of Guam.

How can I contact Guam Rev and Tax?

You can contact Guam Rev and Tax by visiting their office in Barrigada, Guam, by calling their hotline at (671) 635-1840, or by sending them an email at [email protected].

What taxes does Guam Rev and Tax collect?

Guam Rev and Tax collects various taxes on the island of Guam, including income tax, property tax, sales tax, use tax, and business privilege tax.

What is the role of the Guam Tax Commission?

The Guam Tax Commission is a separate division within Guam Rev and Tax that is responsible for hearing and deciding tax appeals filed by taxpayers who disagree with the assessments or decisions made by Guam Rev and Tax.

What is Guam Rev and Tax?

Guam Rev and Tax, also known as the Guam Department of Revenue and Taxation, is the government agency responsible for administering and enforcing tax laws in Guam. Their main goal is to ensure compliance with tax regulations and collect revenue for the government.

What are the responsibilities of Guam Rev and Tax?

The Guam Department of Revenue and Taxation has several responsibilities, including the collection of various taxes such as income tax, property tax, and sales tax. They are also in charge of issuing business licenses, processing tax returns, and conducting audits to ensure tax compliance. Additionally, they work to enforce tax laws, investigate tax fraud, and educate the public about their tax obligations.

How can I contact Guam Rev and Tax?

You can contact Guam Rev and Tax by visiting their office in Hagåtña, Guam. Their address is 1240 Army Drive, Barrigada, Guam 96913. You can also reach them by phone at (671) 635-1840 or through their official website at www.guamtax.com.

What is the Guam Revenue and Tax Authority?

The Guam Revenue and Tax Authority is another name for Guam Rev and Tax, which is the government agency responsible for handling tax-related matters in Guam. They play a crucial role in collecting revenue and ensuring tax compliance on the island.

What is the Guam Tax Commission?

The Guam Tax Commission is an entity within Guam Rev and Tax that is responsible for reviewing and making recommendations on tax policies. It consists of appointed members who are knowledgeable about taxation and provide guidance to the government regarding tax-related matters.