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Gov’t buckles – removes VAT on private education

Following immense criticisms and widespread protests, the Government removed the 14% Value Added Tax (VAT) on educational services.

This will take effect next year.

However, the Minister of Finance, Winston Jordan explained that efforts will be made by the Guyana Revenue Authority to ensure that these institutions become tax compliant.

The potential revenue lost from the removal of this tax is $342M.

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