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Finance Ministry and GRA to Issue Directive on Removal of VAT and Duty on Sport Equipment

  • Ministry of Finance and Guyana Revenue Authority (GRA) will give directive on removing VAT and Duty on sport equipment
  • G$4.6 billion allocated for sport in Budget 2024
  • Vice-President clarified that vehicles are not considered sport equipment
  • GRA submitted a list of qualifying sport equipment to the Ministry of Finance
  • Feedback from sport fraternity highlighted the need to remove VAT on basic sport equipment like balls

Source: newsroom.gy

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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