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Boosting Agriculture: No VAT on Machinery & Generators in Budget 2025

  • VAT removed on agricultural machinery and generators in Budget 2025
  • Aim to lower input costs for farmers and make modernization more affordable
  • Expected to cost government over $1 billion annually
  • Farmers can enhance productivity, improve efficiencies, and expand operations
  • Stimulate innovation in agriculture sector and position Guyana as regional supplier
  • New tax policy for poultry farmers to recover costs more rapidly
  • Encourage investment in poultry industry and support food security agenda
  • Removal of VAT on electricity generators to ease financial burden on businesses
  • Expected to cost government over $200 million annually
  • Ensure continuous operations for businesses during power disruptions

Source: newsroom.gy

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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