Business

The Alliance For Change (AFC) hopes that the generation of oil revenues and improved economic performance will help  ease tensions with A Partnership for National Unity (APNU) over demands for increased jobs and improved standard of living. AFC Chairman, Khemraj Ramjattan said the “very sound” relationship between his party and APNU has been unjustifiably criticized, but acknowledged that the need ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...