The 16% Value Added Tax (VAT) is making the local tourist industry non-competitive with other countries that offer a similar product, such as Brazil, President of the Tourism and Hospitality Association of Guyana (THAG), Renata Chuck-a-Sang has said.
Speaking at the association’s 16th Annual General Meeting (AGM) at Le Meridien Pegasus on Tuesday evening, Chuck-a-Sang said the issue of VAT continued to be a sore point for the industry and the rate made the sector uncompetitive with countries that offered a similar product. “We are therefore insisting that the issue of VAT as it relates to the tourism industry be given serious reconsideration by the government,” she declared.