ANNUAL REPORT & STATEMENT OF ACCOUNTS 39 TABLE XV REVENUE COLLECTION INTEGRATED REGIONAL TAX OFFICES Regional Office Revenue Collection Variance % 2013 2014 Corriverton 1,345,049,210 1,421,462,982 5.6 Anna Regina 391,162,493 384,035,620 (7.8) New Amsterdam 682,854,707 796,204,579 16.6 Linden 701,607,891 1,319,331,460 88.0 Parika 153,442,259 160,093,934 4.3 Lethem 196,855,585 166,544,154 (15.4) Bartica 124,098,269 91,083,766 (26.6) Ogle 1,736,185 4,204,699 142.2 Total 3,275,852,745 4,342,961,194 32.5 R EMISSION OF D UTIES AND T AXES
ANNUAL REPORT & STATEMENT OF ACCOUNTS 40 Customs Duty, Excise Tax and Value-Added Taxi All goods imported into Guyana are subject to the payment of Customs Duty and Taxes as specified in the First Schedule Part I of the Customs Act, Chapter 82:01, the Regulations made under the Excise Tax Act, No. 11 of 2005 and the Value-Added Tax Act, No. 10 of 2005, except in cases where they are specifically zero- rated and exempt under the said Acts and Regulations. However, there are instances when exemptions are granted fora variety of purposes under the First Schedule Part III of the Customs Act, Chapter 82:01, the Regulations made under the Excise Tax Act and the Value Added-Tax Act. These exemptions include Exemptions agreed to by Government of Guyana with external, bilateral and multilateral agencies including CARICOM, CET. Exemptions granted on the importation of goods in relation to foreign funded projects and pursuant to the Schedules made under the Customs Act. Exemptions granted to producing sectors of the economy including mining, agriculture, tourism and information technology. It should be emphasized that the granting of exemptions does not compromise revenue but exists to facilitate trade and plays a role in the development of the economy.
