Govt.’s new advisor on Petroleum versed in serving interests of oil companies
British Petroleum, ConocoPhillips, Premier Oil and Maersk Oil are just a few of the heavyweights of the oil industry that the Government’s newly appointed...
GRA must be strengthened for Guyana to fare well as an oil producing nation...
In anticipation of the revenues to come from the oil and gas sector, Finance Minister, Winston Jordan is demanding effective tax administration. In fact,...
Guyana remains open to excessive, abusive use of debt by ExxonMobil – IMF
The International Monetary Fund (IMF) wants the Government of Guyana to change the way it treats interest expenses in Production Sharing Agreements (PSAs). In...
Guyana losing $70B annually through misuse of duty-free fuel
The Guyana Revenue Authority (GRA) is facing an uphill battle trying to prevent the misuse of duty-free fuel by various government entities and companies.
According...
Guyana’s internal auditing departments still woefully weak –IMF
Since 2015, the International Monetary Fund (IMF) told the Government that the internal auditing systems for agencies that would benefit from oil proceeds, have...
Regardless of the jurisdiction… Nothing will stop us from going after ExxonMobil’s tax...
There is no mountain high enough, or no valley low enough to stop Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia, from going after...
President Granger held “successful” meeting with delegation from US Congress
President David Granger, this morning, met with a visiting delegation comprising Congressmen and other officials from the United States of America at the Ministry...
Oil takes centre stage during discussions between US Congressmen and Minister Trotman
Minister of Natural Resources, Raphael Trotman headed a delegation of Natural Resources officials during a meeting with Congressmen and military officials of the United...
If Guyana wants to pay taxes on behalf of oil companies, it must...
Based on its contractual agreement, the Government of Guyana will pay ExxonMobil’s Corporate Income Tax (CIT) out of its 50 percent share of the...
IMF finds Guyana’s preparation for cost recovery unsatisfactory
In November 2017, the International Monetary Fund (IMF) made several recommendations to the government, one of which includes boosting administrative systems and training personnel...
