Latest update November 30th, 2024 3:38 PM

Guyana's largest selling daily and New York's most popular weekly

Latest News

City Hall tax amnesty further extended

Nov 04, 2015 News

The Mayor and City Council of Georgetown, (M&CC) has extended further amnesty to citizens who are in default of paying their taxes.
According to information disseminated on Monday by City Hall’s Public Relations Officer, Debra Lewis, the Council has decided to extend amnesty on interest on rates until the end of November.
Within the last two months, City Hall’s amnesty project has reportedly garnered more than $536M in outstanding rates.
As such, the Council has decided to extend the project from November 1 to November 30. According to the statement, the Council is cognizant that many property owners are making strident efforts to put themselves in order.
In this regard, special petitions for considerations were made by several property owners, who explained that they were unable to access the facility during the allocated period.
Additionally, the Council wishes to thank the property owners who took advantage of the amnesty, which has placed the administration in a better financial position to provide vital services to the citizenry.
The Georgetown M&CC has from time to time, offered delinquent taxpayers waivers on tax interest through amnesty.
The venture is seen as a method of collecting hundreds of millions of dollars. The tax amnesty project, which was launched on September1, last, saw persons meeting with a panel to have their tax issues resolved.
Under the project, residential properties will receive total amnesty on tax interest, but companies and businesses were required to apply to the Council for between 50 -75 percent amnesty on tax interest. Following investigations, the Council found that approximately 300 businesses are in default of paying taxes, this year.
At present, the M&CC administration is currently at an advanced stage of planning for its estimates of revenue and expenditure for 2016. One aspect of the budget is an aggressive debt collection strategy to collect outstanding amounts owed to Council.

Similar Articles

The Glenn Lall Show | November, 20th, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Battle for Glory: Petra-MVP Sports Girls U11 Football Championship reaches thrilling Semi-Final Stage

Battle for Glory: Petra-MVP Sports Girls U11 Football Championship...

Nov 30, 2024

  Kaieteur Sports – The road to the 2024 MVP Sports-Petra Organisation Girls Under-11 Football Championship title narrows today as the tournament moves into its highly anticipated...
Read More
Dinar Trading and Forrester’s Concrete solidify support

Dinar Trading and Forrester’s Concrete solidify...

Nov 30, 2024

Linden vs. Georgetown rivalry takes centre stage at GBF Elite 16 Finals

Linden vs. Georgetown rivalry takes centre stage...

Nov 30, 2024

Diamond Mineral Water Indoor Hockey Tournament heats up ahead of Sunday’s Finale

Diamond Mineral Water Indoor Hockey Tournament...

Nov 30, 2024

Top athletes and officials recognized at 2023 National Sports Awards

Top athletes and officials recognized at 2023...

Nov 30, 2024

Guyana Beverages Inc. partners with GFF for Maid Marian Wheat Up Women’s Cup

Guyana Beverages Inc. partners with GFF for Maid...

Nov 29, 2024

Features/Columnists

  • The Windfall Tax paradox

    …Peeping Tom Kaieteur News- It is a curious feature of the modern age that the more complex our agreements, the more... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]