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  • GRA details ongoing proceedings relating to taxes for importation of luxury motor vehicles 

    GRA details ongoing proceedings relating to taxes for importation of luxury motor vehicles 

    Business
    May 16, 2025
    GRA details ongoing proceedings relating to taxes for importation of luxury motor vehicles 
    GRA details ongoing proceedings relating to taxes for importation of luxury motor vehicles 
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    See below the full release from the Guyana Revenue Authority:

    In response to the many media articles, the Revenue Authority wishes to advise the following:

    The Agency in keeping with the laws administered engaged its counterpart(s) in the United States of America (USA) through the Ministry of Home Affairs (MOHA), in keeping with the Mutual Assistance in Criminal Matters Act, Chapter 15:05 for information pertaining to the purchase and the importation of one 2020 Lamborghini Roadster SVJ motor vehicle imported into Guyana.

    On May 14, 2025, our counterparts responded to the request and submitted the copy of an invoice, amongst other documents, evidencing the true purchase price paid for the said 2020 Lamborghini Roadster SVJ motor vehicle. This invoice corroborates the evidence before the Honourable Court.

    Upon its receipt, the Authority in keeping with the duty owed to the Honourable Court, immediately filed a Supplementary Affidavit to have this critical information admitted into evidence.

    On May 15, 2025, the Honourable Judge refused to admit into evidence the information obtained from the USA Department of Justice (DOJ) in the Judicial Review proceedings, and advised that his reasons for doing so will be forthcoming at a date in September 2025.

    This information, among others, has corroborated and further confirmed that upon importation, the invoice and price submitted were false, and the declaration and taxes were grossly understated. The Authority in keeping with its statutory duty has on May 15, 2025, instituted criminal proceedings in accordance with, inter alia, Section 218 (e) of the Customs Act, Chapter 82:01, for fraudulent evasion and declarations.

    The importer also signed the “Form C32A – Customs” by declaring that all particulars in his declaration were true and complete, and acknowledged that the GRA can review and reassess the values in keeping with the Fifth Schedule, within seven (7) years, should further evidence be obtained based on the findings or further investigation. Hence the reassessment and demand letter for payment of the additional taxes by the GRA based on the further evidence obtained as to the falsified invoice and values.

    The Revenue Authority reiterates that the Agency, in accordance with its mandate, will faithfully continue to administer the laws in an impartial, fair, consistent, and equitable manner, thereby ensuring compliance with the Nation’s Tax, Trade, and Border laws.

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