Dear Editor,
The foreign concession class, senior Government officials, remigrants, the ultra-rich and the mafia class in Guyana are the most likely residents to be driving new, economy class vehicles that cost US$25,000 to US$30,000/Gy$6,000,000; or drive Corvettes, Range Rovers, Rolls Royces or Porsches, based on the concessions and financing available to this group.
We have relegated working class Guyanese from accessing new vehicles, with the latest technology. The Guyana vehicle tariff regime is antiquated, archaic and visionless, and it has resulted in restrictive and oppressive and irrational vehicle import tax rates. There are many mid-level sedans and non-premium category cars that have over 1999 Cylinder Capacity (CC). Vehicles in this category, such as the Honda Accord, Nissan Altima, Toyota Camry and Hyundai Sonata, will be additionally taxed at Guyana’s world beating vehicle tariff/tax rate of between 247 percent and 297 percent.
The vehicle buyer importing a 3000 CC economy class vehicle is asked to pay the same exorbitant tariff as the buyer importing a 6000CC Bentley Continental. It’s only one component of the many malfunction cognitive junctions that permeate our vehicle tariff structure. Is it Government’s policy to reduce fuel consumption and have Guyanese drive low CC vehicles? The vehicles used by our Ministers certainly do not suggest any Government policy to reduce fuel consumption; which is quite acceptable. However, what is unacceptable is the stupendous tariff rates subjected on Guyanese not eligible for duty free concessions. It is not as if we are protecting Guyana’s vehicle manufacturing industry!
The Guyanese middle class persons have to consider themselves fortunate if they are able to acquire a vehicle six to eight years old with 2000CC or over. We need to change the current vehicle import tariff structure forthwith. No wonder we have so many illegal schemes to avoid the vehicle tariff, resulting in resources being wasted to manage and implement an outdated and illogical vehicle tariff structure.
Henry Ford: “Profits made out of the distress of the people are always much smaller than profits made out of the most lavish service of the people at the lowest prices that competent management can make possible”.
Sincerely,
Nigel Hinds
