The Central Corentyne Chamber of Commerce (CCCC) yesterday called on the Government of Guyana to withdraw the proposed Value Added Tax (VAT) on the consumption of electricity and water.
In a press release, the CCCC said that the imposition was a real “sleight of the hand” operation by Finance Minister Winston Jordan who reduced VAT by 2% then came through the back and tacked it back on an already burdened population. The announcements were made in Monday’s 2017 budget presentation.
“The majority of Guyanese pay more than $10,000 for electricity and $1,500 for water monthly, this means their bills will automatically go up by 14% which may work out to more than the salary increases they will get,” the release contended.
This assertion contradicts a statement made by Prime
