by Krystal Paco
Guam - The Committee on Regulatory Concerns continued its series of oversight hearings with Rev & Tax today getting updates from the department on several developments from improved customer service to collecting on delinquent taxes. In fact today, Rev & Tax director John Camacho reported to lawmakers the department has once again improved on its accounts receivables down to $102.9 million.
"Most of all, we're on track on our receivables and we're planning on issuing out to every tax payer to confirm those amounts that are short on our books," he said.
Committee chairman Senator Michael San Nicolas commended the department for reducing accounts receivables by $10 million since late last year. As for tax refunds, Camacho says 30,000 taxpayers have filed their returns as of the end of February. He says while they wait for the funds to become available, the department has already processed A-status returns up to February 7. He says they expect to rollout the next batch of payments soon.
Another oversight is set for March 20 with DRT this time on the matter dealing with tax credits.