GCCI wants removal of VAT on pesticides, upgrades for critical roadways to feature in Budget 2019

Finance News Politics

The Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday met with the Minister of Finance, Winston Jordan to make its submissions for budget 2019.

The Chamber made several recommendations, some of which included, the removal of VAT on pesticides and the removal of duty and VAT for limestone; upgrading of roadways, specifically the roads to access mining areas as well as farm-to-market access roads; the passage of an Electronic Transactions Act to provide a legal framework for conducting e-commerce; and the removal of taxes being charged in the tourism and aviation sectors with the intent of promoting tourism (e.g. the removal of VAT on trips to Kaieteur Falls).

With regard to the oil and gas sector, GCCI called for the passage of Local Content Legislation and the adoption of a policy to guide the development of local businesses in the industry.

The GC CI team was spearheaded by President of the Chamber, Deodat Indar.  The team also consisted of representatives in areas of Shipping and Logistics, Construction, Tourism, Aviation along with technical staff with competencies in Finance, Economics, Engineering and Project Management.

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