The Georgetown Chamber of Commerce & Industry commending Government’s people-centric, development-attuned Budget 2026

The Georgetown Chamber of Commerce and Industry (GCCI) commends the Government of Guyana  for its strategic focus on the development of its people and significant provisions to bolster the growth  of the business community through targeted interventions in Budget 2026.  

The Chamber welcomes initiatives such as the removal of corporate tax on agriculture and agro processing businesses; expansion of export allowance to include timber products; removal of Value  Added Tax (VAT) on locally made furniture and jewellery, and importation of security equipment, and  the attention being paid on the development of the tourism sector.  

Anticipated to have a transformational effect on the playing field for Micro, Small, and Medium-sized  Enterprises in particular, the GCCI applauds provision for US$100 million into the development of the  zero-interest development bank. When viewed in conjunction with measures such as the introduction of flat tax on double-cab pick-ups; the removal of VAT on new vehicles below 1500CCs and all-terrain  vehicles, and the continuation of freight charge relief, these interventions by the government reflect  commitment to the prosperity of the business sector and the people of Guyana.  

The GCCI congratulates the government on tabling the $1.558 trillion budget that is expected to improve  the lives of all Guyanese, and remains committed to working with the government for the advancement  of Guyana’s business sector and economy.