The Cheddi Jagan International Airport will not charge the 14 percent Value Added Tax (VAT) on airport security fees nor will it increase the current car park fees by 14%, effective Wednesday February 1, 2017.
Ramesh Ghir, Chief Executive Officer, explained in a release today that, after serious consideration, the airport’s Board of Directors decided that the Airport Corporation would absorb the loss of income.
“The Board opined that it would have been unreasonable to add VAT to fees that were recently increased. Instead, the Corporation would bear that loss,” Ghir stated.
Meanwhile, VAT will be charged on all other categories of income, the release said. All airport operators were officially notified of the new tax charges.
