GRA seizes luxury cars in tax evasion probe

| 29/07/2010

The Guyana Revenue Authority (GRA) has reportedly seized two luxury cars in what is believed to be a scam to evade millions of dollars in taxes.

The two Jaguars were said to be brought by a prominent city auto dealer operating on Croal Street, Georgetown, over two weeks ago and were already cleared when questions arose over the size of the engine which determines the taxes and duties that are charged.
Although the Jaguar cars are normally over 3000 cc (cubic capacity), the Customs entries reflected the engine size as below 1498 cc.
As a result, duties and taxes amounting to just over $2M were calculated for the two cars when an estimated $15M should have been paid to Customs, officials disclosed.
The cars, which were reportedly already sold to individuals, were immediately seized by GRA.

Customs sources yesterday disclosed that several GRA employees were reportedly called in for questioning and answers are now being sought on how the documents passed the routine checks which should have in the first instance picked up the discrepancies.
The cars were moved from the Customs compound within the last two days because of security fears and a report on the incident is being prepared to determine whether fraud charges are likely.

Yesterday, Kaieteur News attempted to speak to GRA’s Commissioner-General, Khurshid Sattaur, who told the reporter without listening to the query to write “what the %#@* yo want to write”.
It has not been the first time that the public official has been abusive to Kaieteur News’ reporters.
GRA, in the past, has been encouraging media houses to make contact with officials there when writing on any issues.

Source: KAIETEUR

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