The two Supplementary Estimates approved by the National Assembly

On 29 July 2024, the Chief Justice ruled that the 30 percent excise tax imposed by the Guyana Revenue Authority’s (GRA) on a vehicle brought into the country by a remigrant on 28 June 2024, was unlawful. During the hearing, the GRA acknowledged that it had made a mistake since the related regulations of 10 July 2023 signed by the Minister of Finance were neither published in the Official Gazette nor tabled in the National Assembly before the new tariff could be brought into force. The regulations increase the excise tax on vehicles with engine capacity of over 3,000 c.c. from 10 percent to 30 percent. For vehicles with engine capacity of between 2,000 c.c. and 3,000 c.c., the tax has increased from 10 percent to 20 percent.