[www.inewsguyana.com] – Commissioner General of the Guyana Revenue Authority (GRA), Khursid Sattaur in response to an article which appeared in today’s Kaieteur News headlined: “GRA’S seizure of vehicles designed to silence K/News from investigating duty free concessions,” has denied the allegations; stating that the two are very different matters.
In refuting the claims that the GRA has handed out hundreds of millions worth in concessions to Chinese logging company – Bai Shan Lin – Sattaur denied that the company obtained concessions on its own behalf and handed such concessions to others to use.
“If that were the case you would have seen GRA immediately mounting an exercise not dissimilar to what we witnessed over the weekend to seize the items involved,” he said in a statement.
He said too that Bai Shai Lin is not guilty of falsifying import documents just in order to qualify for concessions as is the case with the two vehicles where it is alleged that not only are the values most shamelessly understated by supposedly using forged invoices to pay a very much depressed amount of taxes but the actual dates appear very much doctored to give the impression that these vehicles were in possession by the supposed re migrants for the qualifying 6 months prior to obtaining re migrants status.
The GRA Head said too that if one were to apply the rate of taxes 45% duty 140% excise and 16% VAT to the correct value of about US$85,000 for each vehicle then the vehicles would have attracted taxes of approximately US$251,000 (GYD$51M).
“In other words the total taxes that were evaded are close to $100m,” he said; adding that “in the case of these two vehicles the owners appears to have gifted these vehicles to their long standing friends, the Lalls.”
He said GRA will continue to maintain that it has a duty to keep such information on the concessions the company received by virtue of its approved investment agreements very confidential in the same way it will keep the information on concessions that the candy making company, which is a related company of Kaieteur News, obtained from the Government.