VAT has to be charged at parking meters, not on cards – Finance Minister

By Stabroek News On In Guyana News |
A $500 GeoPark Card sold by parking meter company Smart City Solutions (SCS) which may be used to purchase two and a half hour of parking time. The card is sold for $580 as 16% Value Added Tax is included in the price. The entire price of the card is redeemable at parking meters within the city centre as shown in the attached receipt.
A $500 GeoPark Card sold by parking meter company Smart City Solutions (SCS) which may be used to purchase two and a half hour of parking time. The card is sold for $580 as 16% Value Added Tax is included in the price. The entire price of the card is redeemable at parking meters within the city centre as shown in the attached receipt.

Minister of Finance Winston Jordan yesterday said that Smart City Solutions (SCS)  made a mistake by charging VAT on parking meter cards instead of at the parking meter itself.

According to the Minister, VAT should be charged on the service and not the card.