Several tax holidays granted for Sanata complex ventures

– Indian, Chinese investors on board

Several tax holidays and concessions have been extended to Queens Atlantic Investment Inc (QAII) covering the five different ventures it will undertake at the Sanata Textile complex.

Speaking at a press conference called at the NCN Studios yesterday by the Privatisation Unit, Head of the Guyana Office for Investment (Go-Invest) Geoffrey Da Silva said the tax holidays and concessions fall under the Fiscal Enactments Amendment Act, Customs, Value Added Tax (VAT) and Excise Tax, the Income Tax In Aid of Industry and the Investment Act.