Guyana MOF Presents 2022 Budget Speech

The Guyanese Ministry of Finance Jan. 26 presented the 2022 budget speech. The speech announced measures to: 1) abolish the excise tax and VAT on the import of new motor trucks used to transport goods; 2) abolish the excise tax on the import of new double cab pickups below 2000cc and on the import of new single cab pickups below 3000cc; 3) reduce the excise tax to 75 percent from 110 percent on the import of new double cab pickups between 2000cc and 3000cc; 4) abolish the 2 percent withholding tax on resident contractors; 5) reduce the excise tax rate ...