Latest / Guyana News Today | 2 Min News | The Daily News Now!
Court Stops GRA from Seizing Luxury Cars | Guyana News
The Guyana Revenue Authority got a major legal smackdown after the High Court ruled they overstepped by trying to tax and seize a Rolls-Royce and a Ferrari belonging to the Mohameds. The court declared the GRA’s actions unlawful, nullifying over $320 million in tax demands for the Rolls-Royce and nearly $500 million for the Ferrari — plus revoking the tax exemptions. The judge slammed the GRA’s unreasonable conditions, like requiring the car to be primary transport and mandatory reporting, calling them legally invalid. While a minor issue around Bibi’s temporary absences is being sent back…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.