While welcoming the concessions granted by government for the sector, some miners on Thursday expressed concern that many would not benefit as they are not up-to-date in paying some taxes.
Based on the comments from the miners at the Guyana Gold and Dia-mond Miners Association (GGDMA) organised meeting at the entity’s North Road Headquarters, many do not pay tributors tax, which is set at 10% of their employees’ salaries. To benefit from concessions for fuel and pick-ups, miners have to be fully tax-compliant.
The topic of taxes took up a significant portion of the meeting. In his August 10 budget presentation, Finance Minister Winston Jordan announced tax exemptions for small and medium scale miners on several items used in the industry. “I am pleased to announce that
