House approves income, VAT amendments for electronic returns, tributor’s tax reduction

The National Assembly on Wednesday passed amendments to the income and Value-Added Tax (VAT) laws to implement pro-mised changes, including the electronic filing of tax returns and the reduction in the tributor’s tax for the gold mining sector.

Government used its majority to pass the amendments, which were brought by Finance Minister Winston Jordan.

Once enacted, the Income Tax (Amendment) (No. 2) Bill 2017 will effect several changes to the Income Tax Act, including the provision of a reduction in tributor’s tax from 20% to 10% with effect from the starting of this year, a scale of the rate for income tax (withholding tax) for the gold mining sector, and the exemption of vacation allowance from taxation for private sector workers. The planned reduction in the ….


Maurice Arjoon’s lawyer in bid to levy on NBS

  The legal team for former New Building Society (NBS) manager, Maurice Arjoon, who was wrongfully dismissed, have levied on the bank’s assets in a bid to recoup the $59,033,000 pension owed to him by the financial institution.

Mahaicony farmer who drove car without permission dies in crash

An alleged inebriated farmer of 54 Strath Campbell Village, Mahaicony, ECD, died at about 3 pm  yesterday at Chance Village, Mahaicony, after a vehicle he was reportedly not given permission to drive, crashed into a utility pole.

Quarter-final curse fells Nadal again as Cilic advances

MELBOURNE,  (Reuters) – Rafa Nadal’s Australian Open quarter-final curse struck again on Tuesday, an injury forcing the top seed to retire in the fifth set against Croatia’s Marin Cilic.

Hundreds more sugar workers to be laid off

Several hundred more sugar workers are expected to be laid off from the Skeldon, Rose Hall, and East Demerara estates by next month and the Guyana Agricultural and General Workers Union (GAWU) yesterday urged that the decision be reviewed.

Order signed for setting up of telecoms agency

The commencement order establishing the Telecommunications Agency was signed last Friday, in anticipation of the liberalisation of the telecoms sector, Minister of Public Tele-communications Cathy Hughes announced yesterday.

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