GYSBI Wins $35m Tax Appeal Against GRA

High Court quashes GRA’s $35M withholding tax assessment against Guyana Shore Base

…orders full refund with interest In a major ruling against the Guyana Revenue Authority (GRA), the High Court on Monday overturned a $35.4 million tax assessment that the tax authority issued against Guyana Shore Base Inc (GYSBI) in 2020, finding that GRA acted outside the law when it sought to impose withholding tax on payments made to three foreign companies for services performed entirely overseas. Attorneys for Guyana Shore Base Inc (GYSBI)…

GYSBI wins $35m tax appeal against GRA

Guyana Shore Base Inc. (GYSBI) has won its challenge against a $35.4 million withholding tax assessment after the High Court ruled that payments the company made to three foreign firms were for services carried out entirely overseas and therefore not taxable in Guyana. The article GYSBI wins $35m tax appeal against GRA appeared first on Stabroek News.

GYSBI Wins Withholding Tax Appeal

November 17, 2025: Chancellor Roxane George today granted a tax appeal filed by Guyana Shore Base Inc (GYSBI) in 2021 against the Guyana Revenue Authority (GRA), setting aside the GRA’s decision to impose withholding tax against GYSBI on payments for management and professional services made to three foreign contractors, Pacific Rim Constructors Singapore, LED Offshore Ltd and LEAD Engineering Inc. The GRA assessed withholding tax in the amount …