Parity in Tax Treatment for
Local Content
In the interest of ensuring that Guyanese businesses can compete successfully under the new local content framework in the oil and gas sector, the Government will take steps wherever practicable to minimise disparities arising from the tax system that will disadvantage Guyanese businesses against their international counterparts. This will help improve the competitiveness of Guyanese companies, help secure business opportunities for them, and thereby create jobs for Guyanese nationals.
Supporting Renewal of the Industrial and Commercial Transport Fleet
Noting that the transportation fleet has become vital to oil and gas sector, the Finance Minister, Dr Ashni Singh said that the government would like to enable Guyanese businesses to renew and expand their transport fleets and, additionally, to do so by acquiring, newer, safer, and more efficient vehicles.
