Investment 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

Govt.’s call to Auditor General falls on deaf ears …as concessions granted still not published in the media

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It was in September 2015 that the Coalition administration issued a stern call to Auditor General, Deodat Sharma, to have all concessions granted within the year, published in the media. But more than two years later, it appears that the Government’s call has fallen on deaf ears. The administration had vowed that under its rule, … Read more

All concessions must be published – Minister of Governance

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The administration is adamant about bringing a fresh approach to every tier of governance. In this vein, Minster of Governance, Raphael Trotman, issued a stern call to the country’s auditor General, Deodat Sharma, to respect the laws of the country. The Auditor General must also ensure that all concessions as stipulated in the law are … 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

Investors for Sanata Textiles deal get…Five-year tax hoildays, customs waivers, duty-free concessions

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The concessions granted to the investors of the Sanata Textiles complex are according to law and in keeping with what is offered to any new project, Government said yesterday. During a press conference at the studios of the National Communications Network (NCN) to clear the air over the Sanata deal, Head of the Guyana Office … Read more