Latest update March 23rd, 2025 9:41 AM
Latest News
- ExxonMobil dodges question on whether operations can lead to cancer, other diseases
- Govt., and Opposition MPs a no-show at Exxon’s public meetings on 8th project
- Trump revokes legal status for 530,000 immigrants in the US
- Over 200 affected after fire destroys section of Critchlow Labour College
- Govt. issues order to acquire more land for Gas-to-Energy project
VAT-free electricity for consumers until July
Among the series of COVID-19 relief measures granted by the Guyana Revenue Authority (GRA), there is a three-month waiver of Value Added Tax (VAT) on electricity.
To the benefit of all customers of state-owned Guyana Power and Light Incorporated (GPL), the VAT exemption that has been implemented will be effective from April to June and May to July for pre-paid and post-paid consumers, respectively.
Manager of GRA’s Public Relation Unit, Melissa Baird, noted that pre-paid customers were able to access the tax break a month earlier than post-paid consumers because their consumption of electricity is immediate.
Baird noted too that due to the urgency needed to grant the tax break, post-paid customers were unable to enjoy the tax exemption on their April bill.
Therefore, these consumers will enjoy the break until July, the same 3-month tax break as pre-paid customers.
VAT is usually applied to electricity consumption of $10,000 or more. With more citizens at home in light of the gazetted emergency measures, the tax exemption was instituted to cushion the economic impact of the COVID-19 pandemic. (DPI)
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Teen arrested over uncle’s murder after sharing burial plan with relative
Kaieteur News- A teenager of Tabatinga, Lethem, Central Rupununi, Region Nine was arrested for murder on Friday after he... more
The Caribbean: Destined to Grin and Bear the Consequences of Its Self-Created Vulnerabilities?
By Sir Ronald Sanders For decades, many Caribbean nations have grappled with dependence on a small number of powerful countries... more
Weekend Cartoon
