Daily Archive: Sunday, June 26, 2022

Articles published on Sunday, June 26, 2022

GRA Commissioner-General Godfrey Statia

2% royalty not a cost in computing Guyana’s profit oil –Statia

Following much debate about Guyana’s petroleum tax regime and cost recovery, tax chief Godfrey Statia has said that the 2% royalty paid to the government under the 2016 production sharing agreement with ExxonMobil Guyana is not cost in determining the country’s share of profit oil but rather an expense in determining the contractors’ taxable income.

Back to the drawing board for Scotiabank

Even as the Bank of Guyana awaits another round of discussions with Scotiabank on a potential buyer of its operations here, sources say that government will not be forced to accept a proposal on only the merits of financial profitability of the deal for Scotia.

Sara Bharrat and her Nani (grandmother)

Working across differences, activist seeks to nurture new political culture

Listening to her grandparents, uncles and residents in Craig, East Bank Demerara discuss the political events of the day in the family shop during her early years, Sara Bharrat, 33, learned how they took part in community life, how neighbours helped one another during the strife of the 60s, how “they made out” under Forbes Burnham, and so she developed an interest for politics. 

The 2% royalty of petroleum sold and paid to the gov’t is an expense to determine the contractors’ taxable income

Dear Editor, The Guyana Revenue Authority chose to maintain its objectivity by not engaging in public discourse/debate on issues related to taxation of the Oil and Gas Industry, since in many instances, these topical matters posed a conflict of interest for the Agency given its remit to protect and maintain the confidentiality of taxpayers’ information.

The 30 new Young influencers who were inducted at the ceremony on Saturday along with Minister of Human Service and Social Security Dr Vindhya Persaud (at centre) and foreign envoys

30 inducted into ‘Young Influencers’ programme

A total of 30 youths, who are drawn from across Guyana, were yesterday inducted into the Ministry of Human Services and Social Security’s ‘Young Influencers’ programme, aimed at helping them be positive role models while addressing social issues  to make a meaningful impact on their communities.

Caricom Football C/ships rescheduled

The Georgetown Masters Association three-day event titled the Caricom Football Championships which was initially scheduled to commence on July 2nd at the Georgetown Football Club, Bourda, has been rescheduled due to the inclement weather.

Lucas stock index

Last Update: 1,797.960                        Movement: -0.249% Current Update: 1,793.477                  YTD Movement: 74.328% LUCAS STOCK INDEX (LSI) The Lucas Stock Index fell 0.249% during the third period of trading in June 2022.

The third term agenda

Constitutional reform has often been touted by our local political aristocracy, especially at election time as part of the attempt to woo the electorate and consequently, as well as rather unfortunately, it is also the belief of the gullible.

West Coast bus trauma

In my younger years growing up in Guyana, I had the daily school-boy experience of travelling from Hague, on West Demerara by bus to Vreed-en- Hoop to catch the ferryboat to Georgetown.