CARICOM Development Fund to be restructured
So serious are the issues facing the region that its leaders have decided to restructure the Caribbean Community (CARICOM) Development Fund (CDF) to enable...
Key deficiencies in tax laws will affect proper control by Customs over oil sector-IMF
The International Monetary Fund (IMF) has found that there are a number of problematic areas in Guyana’s Customs Act which will ultimately affect the...
Guyana’s share from Stabroek Block can be as high as 52 percent in four...
When ExxonMobil begins recovering its costs, Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia says the Nation can expect to see Government’s...
Revenue collection increased by $27.4B in 2019
Commissioner-General of the Guyana Revenue Authority, Godfrey Statia has reported that the total revenue collection from January to December 2019 amounted to $225.9B. This,...
GRA boss rejects GTT’s offer to only pay portion of US$44.1M taxes owed since...
The Guyana Telephone and Telegraph (GTT) is currently involved in discussions with the Guyana Revenue Authority (GRA) regarding disputed tax assessments, totaling US$44.1 million....
PPP writes FIU seeking probe allegation of US millions passed through minister’s overseas account
The People’s Progressive Party/Civic (PPP/C) has formally written to the Financial Intelligence Unit (FIU) requesting a probe into the party’s claim that some US$5M,...
Finance Ministry debunks Opposition’s claim of tax increase, says Govt.’s tax reform measures unmatched
The Finance Ministry has come out in defense of the government’s tax reform record which it believes to be unrivaled by any previous government...
Central Bank moves to strengthen systems to manage Natural Resource Fund
In light of its new role to be the Operational Manager for the Natural Resource Fund (NRF), Central Bank is taking several steps to...
NIS to benefit from US$700,000 IDB loan to strengthen institutional capacity
The National Insurance Scheme (NIS) is expected to benefit from a US$700,000 loan from the Inter-American Development Bank (IDB) which is intended to strengthen...
Region 8 Administration yet to recover $18.3M it overpaid to contractors
The Regional Eight (Potaro/Siparuni) Administration is yet to recover overpayments totalling $18.302M made on contracts during the years 2015, 2016 and 2017. This is...
