Reporting entities must closely monitor relations with Korea, Iran

Deeming Korea and Iran to be "high risk jurisdictions", the Financial Intelligence Unit (FIU) has urged all reporting entities to closely...

Pritipaul Singh Investments nets $246M VAT Refund settlement with GRA

Pritipaul Singh Investments recently netted a whopping $246M in a Value Added Tax (VAT) refunds case settlement with the Guyana...

Guyana can use Que$tor software to test reasonableness of companies’ cost estimates-Oxfam Director

Testing the reasonableness of an oil company’s cost estimates has been quite a challenge for oil producing nations. But Oxfam...

$3M support for Mashramani Pan-O-Rama Steel Pan competition

The Honourable Minister of Social Cohesion, Dr. George Norton today accepted a $3M cheque from Republic Bank Guyana Limited (RBL),...

Guyana Goldfields’ share price tumbles by 70 percent

According to the Toronto Stock Exchange, the share price for Guyana Goldfields Inc. has tumbled by 70 percent. It is...

IMF completes study on pros, cons of Guyana paying taxes on behalf of oil...

The International Monetary Fund (IMF) has completed a study on Guyana’s pay-on-behalf system which kicks in as a result of...

World Bank, IMF helping GRA on administering tax avoidance rules for oil sector

All governments face tax administration challenges. But some of these are the result of poorly designed systems that may not...

Fuel sector lawlessness must end! Govt. to strengthen licensing, other procedures — Patterson

With many of its loopholes still unaddressed, Guyana continues to lose billions of dollars in the fuel sector. According to...

World Bank, IMF strengthening Guyana’s financial laws to protect oil revenues –Finance Minister

In the last two years, several international bodies have recommended that Guyana strengthen its fiscal regime to ensure its oil...

Draft Local Content Policy not grounded in realistic assessment of Guyana’s needs-World Bank

Guyana’s Local Content Policy is scheduled for completion in March. But even at this stage, a number of crucial things...

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