GRA bars cash payments exceeding $2M

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The Guyana Revenue Authority (GRA) will no longer be accepting cash payments exceeding $2M.

According to the Agency, this decision has been taken both in context of the security risk such cash transactions pose on both the Agency and the public, as well as Section 12 (3) of the Anti-Money Laundering and Countering the Financing of Terrorism Regulations.

As such, GRA is advising taxpayers that any payments exceeding $2M should be made via cheques or other electronic payment options.

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