Kuwait cancels US$50M Guyana debt
Guyana's external debt is now US$50M lower. Following the signing of a Bilateral Debt Settlement Agreement between Finance Minister, Winston Jordan, and the state...
$89B in investments for Go-Invest in 2018
The activities of the Guyana Office for Investment (GO-lnvest) in 2018 generated investments worth a total of $89.4 Billion last year. This was revealed...
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 monitor relations with the...
Pritipaul Singh Investments nets $246M VAT Refund settlement with GRA
Pritipaul Singh Investments recently netted a whopping $246M in a Value Added Tax (VAT) refunds case settlement with the Guyana Revenue Authority (GRA).
The matter...
Guyana can use Que$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 Director, Ian Gary, thinks...
$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), intended for the support...
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 now trading at CDN$1.66.
Shareholders...
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 the structure of its...
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 provide the tax agency...
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 the Guyana Revenue Authority...
