Over 68,000 workers in Guyana will be removed from the income tax roll, as a result of an amendment to the Income Tax Act that will see the income tax threshold increased to 660,000 Guyana dollars from 600,000 Guyana dollars.
That was among the measures outlined by Minister of Finance Winston Jordan as he presented the 2016 National Budget.
He also delivered the news that promised salary increases for public servants for this year, would have to await the conclusion of discussions with the relevant unions.
Among the other measures announced was a slight increase in pensions for almost 50,000 senior citizens, from 17,000 Guyana dollars monthly to18, 200 Guyana dollars effective April 1st, this year.
Also from the beginning of April, all Guyanese citizens 65 years and older will no longer be required to pay for a driver’s licence, and will be exempt from travel tax when travelling overseas on a Guyanese passport.