- VAT removed on agricultural machinery and generators in Budget 2025
- Aim to lower input costs for farmers and make modernization more affordable
- Expected to cost government over $1 billion annually
- Farmers can enhance productivity, improve efficiencies, and expand operations
- Stimulate innovation in agriculture sector and position Guyana as regional supplier
- New tax policy for poultry farmers to recover costs more rapidly
- Encourage investment in poultry industry and support food security agenda
- Removal of VAT on electricity generators to ease financial burden on businesses
- Expected to cost government over $200 million annually
- Ensure continuous operations for businesses during power disruptions
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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