The Guyana Revenue Authority (GRA) has announced that government has approved a further reduction on the excise tax on gasoline and diesel.
Yesterday, in a public advisory, GRA said that the excise tax has been reduced from 10% to 0%.
“These rates, which has been reduced from 20% to 10% as a budget 22 measure, are now being further reduced to cushion the global increases in fuel prices. As such, with immediate effect, all fuel imported will be subject to these revised rates as administered by the Customs, Excise & Trade Operations (CE&TO), GRA,” the advisory stated.