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No VAT on CJIA charges
The Cheddi Jagan International Airport will not charge the 14 percent Value Added Tax (VAT) on the airport security fees nor will it increase the current car park fees by 14%, from today.
Ramesh Ghir, Chief Executive Officer, explained that, after serious consideration, the airport’s Board of Directors decided that the Airport Corporation would absorb the loss of income.
“The Board opined that it would have been unreasonable to add VAT to fees that were recently increased. Instead, the Corporation would bear that loss,” Mr. Ghir stated.
Meanwhile, VAT will be charged on all other categories of income. All airport operators were officially notified of the new tax charges.
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