Reminder to Beneficiaries of Tax Exemptions

The Guyana Revenue Authority (GRA) wishes to explicitly remind ALL categories of beneficiaries of tax exemptions, particularly re-migrants, public officers, holders of Investment Agreements through the Guyana Office for Investment (GO-Invest) and Guyana Geology and Mines Commission (GGMC), Government Contractors etc., that the terms and conditions under which the respective concession are granted must be adhered to at all times.

GRA will exercise zero tolerance for non-compliance and failure to comply will result in the revocation of the respective concessions and the full forgone taxes would be demanded.

In the event the defaulter fails to settle the tax liability within the stipulated timeframe, appropriate actions will be taken to locate, seize and initiate forfeiture proceedings of the assets (motor vehicles, machinery, equipment etc.) in accordance with the provisions of the Customs Act, Chapter 82:01.

For further information, kindly contact the Tax Advisory Services Section on 227- 6060 extension 1201 -1204.