In a significant economic policy shift, Guyana’s Finance Minister Dr. Ashni Singh unveiled substantial tax reductions and eliminations across multiple vehicle categories and marine propulsion systems on Monday, January 26, 2026. The comprehensive fiscal reforms introduce a simplified tax structure for double-cab pickup trucks, with a flat levy of GY$2 million applied to models under 2,000 CC regardless of age, while units between 2,000 CC and 2,500 CC will attract a GY$3 million charge. The government has further eliminated Value Added Tax (VAT) on conventional vehicles below 1,500 CC that are less than four years old, extending similar VAT exemptions to hybrid vehicles under 2,000 CC. In a move to boost recreational and industrial mobility, all import duties and taxes have been abolished for All-Terrain Vehicles (ATVs) without usage restrictions. Additionally, marine operators will benefit from complete tax removal on outboard engines with capacities up to 150 Horsepower, signaling support for Guyana’s maritime and fishing industries. These measures represent a strategic recalibration of the nation’s fiscal policy aimed at stimulating transportation sectors and reducing operational costs for businesses and consumers alike.