Changes proposed for the Value-Added Tax (VAT) system are necessary to strengthen a revenue source which had been weakened by the excessive granting of tax exemptions, waivers and concessions under the former People’s Progressive Party\Civic (PPP/C) government, Minister of Finance Winston Jordan said yesterday. 0
Opposition Leader Bharrat Jagdeo yesterday laced into government’s proposed 2017 budget, charging that it shows no vision for investments and job creation and places an enormous tax burden on Guyana’s citizenry. 0
Having inherited a sugar industry shackled on a “death bed” by $85 billion in debt, a bailout became necessary to keep sugar workers employed despite the strain on other sectors and the treasury, Prime Minister Moses Nagamootoo said yesterday, as he rubbished claims by the opposition PPP/C that government was ‘killing sugar.’ Nagamootoo, who was the penultimate speaker in the budget debate, went all out to justify government’s decision to give the industry bailouts totalling $23 billion and its intention to hand over a further $9 billion next year. 0
Public servants have been granted a $25,000 Christmas bonus by the government, Minister of Finance Winston Jordan announced yesterday, while declaring that it will help “ease the journey to the good life.” “Mr Speaker, I am pleased to announce the payment of a one-off, tax-free bonus of $25,000 to all public servants earning less than $500,000 per month, who fall within the ministries, departments and regions,” Jordan told the house as he closed the debate on the proposed 2017 budget. 0
A doctor attached to the Suddie Public Hospital died on Friday evening after he reportedly lost control of his brand new motorycycle and slammed into a bench along the Vilvoorden Public Road, Essequibo Coast. 0
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By Oluatoyin Alleyne On July 10, 29-year-old Selina Ramotar was brutally stabbed ten times and left to die by the father of her child with whom she had severed a relationship. 0
Some 2,000 people live in the small village of Columbia, on the Essequibo Coast, which fits snug between Aberdeen and Affiance and the majority of them are Hindus, while a few are Muslims.