What is the primary role of the Guam Tax Commission?

The primary role of the Guam Tax Commission is to oversee taxation policies and processes. This means that the commission is responsible for establishing tax regulations, implementing tax laws, and ensuring compliance with those laws within Guam. The commission plays a critical role in the administration of taxes, which includes collecting taxes, reviewing tax filings, and providing guidance to taxpayers on their obligations.

By managing taxation policies, the commission helps to maintain the financial structure necessary for government operations and public services. This oversight is fundamental to the functioning of the local economy, as taxes fund various services including infrastructure, education, and public safety. The specificity of its role in taxation distinguishes the Guam Tax Commission from other bodies that may oversee different sectors or areas of governance, such as infrastructure development, education policies, or environmental regulations.