Budget 2016: VAT Exemptions
  1. amendment to the Customs Act to exempt computer printer ink and toner cartridges for non-commercial printers.
  2. amendment to the Value Added Tax to:
  3. exempt par-boiled rice;
  4. packaging materials;
  5. other malt extracts other than ovaltine;
  6. exempt the importation of personal effects, including motor vehicles for re-migrants and settlers who qualify for exemptions from Customs duties under Section 23 of the Customs Act.

vii.      amendment to Income Tax Act to:

  1. provide for the income earned by Artistes during festivities certified by the Minister responsible for tourism to be exempted from the payment of income tax;
  2. allow the Commissioner General to apply an refund towards outstanding taxes, levy, interest or penalties payable by any person and for the Commissioner General to refund any excess remaining to the person.
SHARE THIS ARTICLE :
Facebook
Twitter
WhatsApp
All our printed editions are available online
emblem3
Subscribe to the Guyana Chronicle.
Sign up to receive news and updates.
We respect your privacy.