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GUYANA | Revenue authority to share information on Exxon agreement when necessary

GEORGETOWN, Guyana, Aug. 10, CMC – The Guyana Revenue Authority (GRA) on Thursday  said it will share information related to the Exxon Mobil oil agreement with members of staff when the time is right.

The company made the statement in response to a report in a local paper – Kaiteur News, which stated that the GRA staff members were totally unaware of the Exxon deal, but are expected to interface with the company when it comes to tax payments.

GRAThe GRA said part of its commitment involves the imposition of rigid systems at the Authority to closely monitor exploration companies that are undertaking exploration and extraction of oil offshore, in keeping with the contractual agreement between the Guyana Government and such oil exploration companies including ExxonMobil.

“The GRA is privy to such contractual arrangements. However in keeping with the law this information is confidential. To maintain its confidentiality and avoid leakages, the Commissioner-General will only share such excerpts of the said agreement with relevant officers in the event that their duties require them being privy to such information in the execution of such duties”, the release said.

The body noted that the position had to be taken to keep knowledge of the contract details under wraps because of the sensitivity and confidentiality of the document and the level of caution that had to be imposed as a result of persistent breaches of the Secrecy Oath at the Authority.

Last modified onThursday, 10 August 2017 18:48

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