ANNUAL REPORT & STATEMENT OF ACCOUNTS 41
Conditional Exemptions Conditional exemptions can be deemed as exemptions which are granted subject to some condition. In other words, the applicants must satisfy some condition before the Guyana Revenue Authority grants the exemption from duty and taxes.
Categories of Conditional Exemptions These include, but are not restricted to, goods imported by or for the following
1. Government Contracts
2.
Diplomatic Missions 3. Re-migrants
4. Public Officials
5. Foreign Funded Projects
6.
Health Sector 7. Religious/Charitable /Non-Governmental Organisations
8. Fishing
9. Education
10. Motor Vehicles (covers all categories of motor vehicles)
11. Mining
12.
Tourism 13. Agriculture
14. Miscellaneous (includes other areas such as Meteorological, Scientific,
Archaeological, etc) The following table reflects the value of revenue foregone as a percentage of actual revenue collected by the Guyana Revenue Authority, for Customs Duty, Excise Tax and Value-Added Tax, for the year 2014 relative to the year 2013.
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