GGDMA reminds miners of tax changes

Miners were on Wednesday reminded of the changes in tax laws that will result in their payments on income derived from gold produced being treated as a final tax as of 2018.

At a members’ meeting, President of the Guyana Gold and Diamond Miners Association (GGDMA) Terrence Adams reminded miners that Minister of Finance Winston Jordan had stated in his budget speech for 2018 that it is allowed for tax to be assessed on a sliding scale and that such tax will be