Some oil companies are employing foreign employees and rotating them in order to evade paying taxes and bypass local content requirements here, the government said and plans are on stream to implement legislation to stop this.
“They are bringing in rotating workers, a long list of them; foreigners. They are getting work permits for them and we believe they are doing it for two purposes. One is to bypass the Income Tax Act [which says] … you have to be resident in Guyana for six months before you are eligible to pay income tax. So they’re rotating them for six months and then sending them back. They’re bypassing …their eligibility for taxation. Sometimes they bring them back the following year, or new people,” Vice President Bharrat Jagdeo told a press conference on Wednesday.
