By Binta Jaiteh
The Commissioner General of Gambia Revenue Authority (GRA), Yankuba Darboe, has stressed that a strong revenue base is critical to financing national development.
Darboe made the remarks at the training on transfer pricing held at Bakadagi Hotel on Tuesday, organized with the support of the African Tax Administration Forum (ATAF). He warned that if not well managed, transfer pricing can lead to erosion of the tax base, profit shifting, and loss of domestic revenue.
“For this reason, capacity building in this area is not just timely but essential to safeguarding our tax system and ensuring fairness in revenue collection,” he said.
The GRA boss notes that transfer pricing is one of the most complex areas of international taxation, becoming increasingly significant in today’s global economy. He urged participants to approach the training with commitment, saying it would deepen staff understanding of transfer pricing principles, enforcement strategies, and practical applications.
Mr. Darboe adds that although The Gambia does not host a large number of multinational corporations, the growth of cross-border trade and investment makes transfer pricing issues relevant to the country’s tax landscape. He thanked ATAF for its continued support in building African tax administrations.
Deputy Commissioner General Essa Jallow also highlighted GRA’s efforts in capacity building through budgetary allocations, donor support, and membership in international tax bodies such as ATAF, WCO, WATAF, BRITACOM, and CATA.
He said combining skilled human resources with technology would generate positive outcomes for institutional growth and sustainable revenue.
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