Income Tax (In Aid of Industry) Act

Fiscal Incentives for the last five years to be published in Official Gazette – Tax Chief

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In keeping with the laws of Guyana, the Guyana Revenue Authority (GRA) will, next week, publish fiscal incentives it has granted from 2012 to 2016. According to GRA’s Commissioner General, Godfrey Statia, this is an anomaly that has been unaddressed for too long.Statia noted that according to Section 37 of the Investment Act, Government should … Read more

Publish concessions granted to foreign companies in the media – Presidential Advisor

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By: Kiana Wilburg In the season of transparency and accountability under the coalition government, Presidential Advisor on Sustainability, Dr. Clive Thomas believes that concessions granted during the year should not only be tabled in the National Assembly as the law stipulates, but also published in the newspaper.In fact, the Economist feels so strongly about this … Read more

Finance Minister, AG ignored laws on disclosing, auditing, tax concessions – Chris Ram

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Chartered Accountant, Christopher Ram has lashed out at the Minister of Finance, Dr. Ashni Singh and the country’s Auditor General, Deodat Sharma for having failed, over several years, to adhere to the country’s investment laws. Ram was referring specifically to the sections of that Act which call for transparency surrounding the monitoring and disclosure of … Read more

Sanata complex deal…Tax holidays not yet granted by GRA

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Law contains deficiencies, inaccuracies, not exhaustive enough – Finance Ministry Government says that the legislation regarding tax holidays and concessions contain a number of obvious deficiencies and various inaccuracies and omissions. This is according to a release from the Ministry of Finance which sought to clarify the recent controversy surrounding the tax holidays and tax … Read more