Taxation in Guyana

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With the 2017 budget coming under withering criticism, the government is continuing to mount a defence of it, contending today that new tax measures will pump $9.5b into the economy.

Finance Minister, Winston Jordan yesterday said that a fair tax system and one that goes after evasion is what his government is expecting as a result of a review recently established.

Government plans to reform the tax system and diversify Guyana’s economy from its dependence on primary commodities, Minister of Finance Winston Jordan says.

Given the debilitating effects the abuse of alcohol has on the country’s economy, health and social services, Minister of Health Dr Leslie Ramsammy said there is need for higher taxation on alcohol products and called for a national effort to address the abuse of the substance, which results myriad social ills.

Guyana and Kuwait are to sign five bilateral agreements when the prime minister of that country, Sheikh Nasser Mohammed Al Ahmed Al-Jaber Al Sabah, visits this week, the Ministry of Foreign Affairs has revealed.