DDL, GRA issue

        

 

Press release

 

April 22, 2016

 

The Private Sector Commission views with interest the settlement and compromise that the Guyana Revenue Authority has arrived at with Demerara Distillers Limited over the long outstanding consumption and excise tax issues.

 

We wish to congratulate the Company on the amicable resolution of this issue, which has been ongoing since 2002 – that is an achievement which took fourteen years and is also a credit to all concerned.

 

From the point of view of the Private Sector Commission, we wish to urge that the Guyana Revenue Authority now engage other aggrieved companies to apply similar formulae to correct the distortions in the market place resulting from this action.

 

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