Three days before Guyanese head to the polls, President Donald Ramotar has announced that he intends to reduce the taxes on vehicle imports once re-elected.
The President made the surprise statement on Thursday evening through the Government Information Agency. In that statement he said “the new administration of the PPP/C will reduce the taxes to ensure that more fuel efficient and environmentally friendly vehicles are used by citizens.”
The President added that the new amendments to the importation costs of vehicles will ensure that more of our citizens including young people can own their own new and eco-friendly motor vehicle.
“This commitment is in keeping with our plans as set out for a Green Economy. This new incentive will provide for an economy that is characterized by sustained and inclusive prosperity, as well as one in concord with low-carbon and climate-resilient development”.
The President’s vehicle import plan comes more than three weeks after the APNU+AFC Presidential Candidate David Granger announced that once he is elected, he will reduce all taxes on the importation of new vehicles.
When Granger made the announcement, he came under criticism from the Ramotar campaign, which has now changed its position on the same issue.
The PPP Civic administration has been heavily criticized over the years for the high taxes on vehicle imports. Over the years, there have been calls for the reductions but there has been no move in that direction.