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Grace period ends today for licencees

Jun 10, 2008 News

…harsher penalties for non-compliance under review


The grace period allowed by the Guyana Revenue Authority for the purchase of licences for 2008 for operating businesses, motor vehicles or motor cycles expires today.
According to GRA, persons who failed to comply with the stipulated deadline will be penalized under the law, and a fine of 10 per cent of the licence cost is the penalty for licences purchased after today.
Among the businesses that are required to have their licences taken out or renewed are gas station owners, cargo vessel owners, money lenders and pawn shops, general shop/Internet café/ lumber yard owners, cinema owners, ball and dance promoters, video club owners, butcher shop owners, including market butcher shop owners, and market drug store owners.
According to the Director (ag), Licence Revenue Office, Whentworth Tanner, several systems are to be implemented to address the issue of non-compliance.
“Amongst those issues under review is the introduction of harsher penalties for non-compliant persons.”
The sale of trade, miscellaneous and annual revenue licences commenced on March 10 this year.
The Licence Revenue Office of the GRA is the authorized agency for the sale of these licences.

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