Forestry
Sector
 Firms
in the forestry sector receive the General Incentives, plus:
- The same incentives normally granted to the manufacturing sector for
value added activities in the forestry sector (classified as down stream
processing)
- Exemption from Customs Duty and Consumption Tax on saw milling equipment,
logging and land development equipment, and wood working equipment
- Exemption of customs duty and consumption tax on outboard engines
up to 75 horsepower and a 5% duty for engines over 75 horsepower.
To qualify for incentives in the forestry sector an enterprise must:
- Be registered in Guyana
- Encourage the development and maximum utilization of Guyana’s
natural resources
- Contribute to the continuous development of skilled human resources,
appropriate technological advancements, relevant research and development,
economic growth and social development
- Provide linkages or integrate with other economic activities (the
incentive program is provided to encourage linkages)
- Contribute to foreign currency earnings
- Ensure a significant degree of risk or venture capital.
|
Key Sectors
The
Guyana Forestry Commission (GFC) |
 |
