The Guyana Revenue Authority (GRA) is appealing a High Court ruling that could have significant implications for the country’s tax laws. The authority claims that a key aspect of the court’s decision is legally unsound and is seeking to challenge the ruling.
The GRA argues that the court’s conclusion on its statutory powers is ‘wholly erroneous in law’ and has taken issue with what it describes as an ‘extraordinary pronouncement’ by the court. The authority maintains that it will move to appeal the decision, which could lead to a re-examination of the tax laws in Guyana.
The case involves United States-sanctioned businessman Azruddin Mohamed, who is accused of tax evasion and fraud. The GRA had filed charges against Mohamed and his son, Nazar Mohamed, following an audit that revealed millions of dollars in underreported income from gold exports.
Source: guyanachronicle.com
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