Latest / Guyana News Today | 2 Min News | The Daily News Now!
Court Nullifies $800M Luxury Car Tax Bill | Guyana News
The High Court just nixed an $800 million tax bill targeting a Ferrari and a Rolls Royce owned by Guyana’s Opposition Leader, Azruddin Mohamed, ruling the Guyana Revenue Authority’s actions unlawful and overstepping its legal authority. In separate rulings, the court dismissed nearly $500 million in taxes on the Ferrari and over $320 million on the Rolls Royce, while ordering the GRA to pay $750,000 in legal fees. The court also struck down two GRA policies forcing owners to use concession cars as primary vehicles and mandating biannual inspections. Lawyers hailed it as a victory for judicial…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.