According to consumers, the fourteen percent VAT we have on goods is still high, compared to many Caribbean countries.
Value Added Tax needs to be reduced to ten percent (10%) the least. Fourteen percent (14%) is still a burden on the average family. Since the oil money has come in many good uses, it shouldn’t be a challenge for the Government. Food items, clothing, and building materials are the main necessities that should all be very affordable to the Guyanese public.
The PPP Government has made promises for improvement. Many developments have been made to Guyana: increase in jobs, improvement in infrastructure, and provision of great incentives for teachers. But what about the promise of VAT reduction?
We need more affordability on goods to satisfy our need to live and function.