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Daily Archives: January 25, 2015

Scrap VAT on fast food restaurants- Banks DIH boss

Banks DIH, Guyana’s oldest large-scale manufacturer, wants government to scrap the 16 percent Value Added Tax (VAT) on fast food restaurants from this year because of increased competition by food vendors. “The time is now, my fellow shareholders, to remove the VAT tax on registered fast food restaurants because it is somewhat difficult to compete with the food vendors in ...

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City Constabulary complicit in sale of fruits, vegetables on ground

The City Constabulary in Guyana’s capital, Georgetown, continues to turn a blind eye to the sale of fresh fruits and vegetables on the ground. This is now more a norm on Sundays at the corner of Regent and Bourda (Piggott) Streets, literally a stone’s throw from the City Police Outpost. A Demerara Waves reporter Sunday morning brought this situation to ...

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Cypriot-registered ship fined US$60,000 for cocaine bust

The Cypriot vessel, M/V DeltaDiep that was detained following the discovery of 185 packages of cocaine in a 40ft flat rack container on January 6 has been released after the fine of G$12M (US$60,000) was paid to the Guyana Revenue Authority (GRA), the tax agency said in a statement on Saturday. The GRA said the fine was levied by the ...

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