News

by Derwayne Wills The security sector will receive a budget of $29.1B with some of that money going to upgrade 12 police stations across the country in their capacity to deal with domestic violence cases. This announcement made by Finance Minister Winston Jordan during his budget presentation falls within the 16 days of global activism to end violence against women ...

Small contractors will now be given Temporary National Insurance Scheme and Income Tax compliance certificates, removing a major stumbling block to them bidding for projects and programmes. “Mr. Speaker, currently bidders for contracts are required to have valid Income Tax and NIS compliance certificates. This has especially hampered small contractors from participating in the procurement process. While these requirements will ...

by Derwayne Wills Government has allocated $9B to assist the Guyana Sugar Corporation although more monies would be needed by the ailing public corporation. “The status quo of the sugar industry can neither be sustained nor maintained,” Finance Minister told the National Assembly during his budget speech. “As currently structured, the industry would require Government’s support to the tune of ...

The cost of acquiring a Guyanese passport and leaving Guyana will go up from January 1, 2017 when the new national budget takes effect. Finance Minister, Winston Jordan announced that the cost of acquiring a new passport has moved from GYD$4,000 to GYD$6,000. However, persons 65 years and older will no longer have to pay for that travel document. Overseas-based ...

Personal Income Tax has been reduced from 30 to 28 percent for persons earning less than GYD$180,000 per month and the Income Tax threshold has been increased to GD$60,000 or one-third of the gross salary, whichever is greater. Finance Minister, Winston Jordan said in the 2017 National Budget that an additional 7,600 persons would be taken off the tax register ...

by Derwayne Wills  Guyanese will now have to pay Value Added Tax (VAT) on water and electricity consumption above a certain level, while the overall of Value Added Tax on businesses has been reduced to 14 percent on companies, Finance Minister Winston Jordan announced in the 2017 National Budget. In a move that has left many puzzled, Finance Minister Winston ...

Guyana will next year construct the first solar farm as part of a larger plan to reduce the country’s fossil fuel bill and  prevent carbon emissions. “To complement public sector investment, the Government will be granting a one-off tax holiday of two years for corporation tax to importers of items for wind and solar energy investments, and for investors in ...

Guyana’s economy  will record a 2.6 percent growth  in 2016 due to a decline in some prices and lower growth in several sectors, Finance Minister Winston Jordan announced on Monday. Delivering the 2017 National Budget, he told the House that the economy contracted from a projected 4.4 percent to a mid-year 2 percent and a further overall decline to 2.6 ...

Despite President David Granger’s assurances that he has not distanced himself from the grassroots in favour of the elite, a number of New York-based Guyanese has slammed him for ignoring their pleas to be recognised and involved in the decision-making process. Convenor of the groups, Professor Asquith Rose on Sunday (November, 27, 2016) released a letter to President David Granger ...

Political Scientists on Sunday do not expect that the People’s National Congress Reform (PNCR)-dominated A Partnership for National Unity (APNU) would cede the mayoral post to the Alliance For Change’s (AFC) Sherod Duncan at internal elections due next month. Former University of Guyana Political Science lecturer, Freddie Kissoon does not expect the APNU to move incumbent Mayor, Patricia Chase- Green ...