News Guyana Taxes: Guyana's tax agency to begin dispute resolution with Exxon over expenses
Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major. Expenses reported by Exxon as part of its operations at the massive Stabroek offshore block are closely monitored because a consortium led by the U.S. major can take and export up to 75% of the crude it produces as "cost oil", while Guyana's government is entitled to half of the remaining barrels. The government has followed mechanisms included in the contract to have the expenses audited by external consultancy firms and determine if they were correctly reported.
News Guyana Taxes: Guyana Raises Its Tax-Free Allowance, Keeping Two Bands of 25% and 35%
Taxes in Guyana for expats in 2026: the new personal allowance, 25% and 35% bands, residence rules, VAT, NIS, company tax and the four tax treaties.
News Guyana Taxes: GBTI records $1.4B after-tax profit in mid-year report
Group has once again recorded growth in its half-year profits, which increased to some $1.4 billion over the past six months. This was revealed by GBTI ...
News Guyana Taxes: Venezuela after Guyana's oil claiming border dispute in The Hague
'We will demonstrate Guyana's claim is inadmissible,' Venezuelan Vice President Delcy RodrÃguez said on Thursday to the International Court of Justice in The Hague, which is the United Nations' highest for resolving disputes between states.
News Guyana Taxes: Guyana to tap oil fund as it hikes 2022 budget spending
Guyana's government submitted its 2022 budget to parliament this week, proposing a 44% increase in spending to the equivalent of $2.65 billion and saying it planned to use resources from the nation's oil fund for the first time.
News Guyana Taxes: Tax reassessment case: GRA appeals ruling involving Chinese businessman
The Guyana Revenue Authority (GRA) has filed an appeal with the Court of Appeal against a decision by High Court Judge Fidela Corbin-Lincoln who ruled that the State agency acted unlawfully ...
