A decision by the Guyana Revenue Authority (GRA) to apply previously unimplemented import taxes on a range of hardware and other inputs has left the manufacturing sector warning of dire consequences and Opposi-tion Leader Bharrat Jagdeo yesterday called for a reversal of the decision.
However, Minister of Business, Dominic Gaskin yesterday said that it was not a decision government can undertake by itself as it has legal implications for the country because of obligations within the Caribbean Community (Caricom).
As such, he said Guyana needs to work with Caricom to have a revised list of ineligible items that would see the raw materials needed by this country’s manufacturing sector, which cannot be accessed in the region, struck of the current list.
