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Government approves temporary re-start of scrap metal trade, existing stocks to be shipped abroad

Government has approved a temporary restart of the scrap metal trade, according to Cabinet Secretary and State Minister Joseph Harmon, who said cabinet recently approved the proposal made by the Business Minister last september. Harmon said there has been a process of bring onstream a new set of measures. “The process of putting together new regulations and guidelines by the ...

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Superbet calls for collaboration to go after armed bandits

The Suriname-based Suribet on Wednesday called on Guyanese authorities to craft a better strategy to combat heavily armed criminals, in the wake of two robberies in recent weeks that resulted in a loss of millions of dollars and mental scars to workers. General Manager of Suribet, Ashwien Surjbalsingh told reporters that his business has been robbed twice with AK-47 assault ...

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ExxonMobil briefs govt, opposition on production preparations

ExxonMobil and the Guyana government on Wednesday began high-level consultations with key ministers, opposition parliamentarians and Opposition Leader, Bharrat Jagdeo. Minister of Natural Resources, Raphael Trotman said Guyanese at all levels including those living in the United States, Canada and the Caribbean would be briefed. “It is important, as Guyanese and particularly as policy makers, that we know what the ...

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GRA explains VAT on paid parking

The Guyana Revenue Authority (GRA) on Tuesday announced that the Value Added Tax (VAT) on parking meter cards would be reduced to 14 percent from February 1, 2017 and that the tax would be deducted when parking time is purchased. “VAT is being charged by SCS upon the purchase of the prepaid parking cards at current VAT rates. The VAT ...

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Indigenous People’s Affairs Ministry helps GRA define hinterland residents to be exempt from VAT on airfares

In the wake of concerns by the National Air Transportation Association (NATA) about how domestic airlines would identify hinterland residents so that they could be exempt from the 14 percent Value Added Tax (VAT) on airfares, the Guyana Revenue Authority (GRA) said the Ministry of Indigenous People’s Affairs has assisted with a definition. The Value Added Tax Act 82:05 Schedule 2 ...

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Digicel celebrates 10th Anniversary with ‘10 Charities in 10 Days’ Initiative

Ahead of  Digicel’s 10th anniversary on February 14th , the phone company has kicked off this milestone by supporting the work of 10 special needs schools and orphanages. The international phone giant says its 10-day plan will see the delivery of much needed appliances, school supplies, school shoes, food hampers and other items. The St. John’s Boys Orphanage was the first ...

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First phase of Linden-Lethem road to be constructed

Construction for the first phase of the Linden-Lethem Road  is expected to commence without a hitch as the Ministry of Public Infrastructure and the UK Government work closely towards its success, government announced on Tuesday. The first phase of the project covers approximately 122.5 kilometers of road from Linden and the construction of a bridge across the Essequibo River at ...

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14-percent VAT on domestic airfares sparks outcry among airlines, tour operators, miners

Flying across Guyana will from Wednesday- February 1, 2017- become more expensive for tourists, businesspersons and possibly residents, with the introduction of a 14 percent Value Added Tax (VAT) on local airfares. “The big challenge to us is all of our customers who depend on hinterland transportation- for example our tourism clientele; our mining clientele- will be affected because the ...

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Parking meter company, Finance Minister at odds over VAT

Smart City Solutions (SCS), operators of parking meters in Guyana’s capital, Georgetown, Monday night said tax officials must charge the 16 percent Value Added Tax (VAT) on the payment cards, hours after Finance Minister, Winston Jordan said the tax should be payable on the parking time purchased. “The company received a visit this (Monday) evening from three GRA officers all ...

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Gold miners threaten to protest, reduce declarations in response to new tax measures

Miners under the umbrella of the Guyana Gold and Diamond Miners Association (GGDMA) on Friday warned they would halt gold mining, reduce declarations and stage a countrywide protest if President David Granger fails to meet with them within two weeks and address their concerns about heavy taxation. “The main problem we have to accept is that the government does not ...

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