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Apparently, these printed fake documents were being sold by the printers of these papers to business enterprises attempting to evade the payment of taxes and customs duties by padding up their deductible expenses and value-added tax credits.
Source: https://businessmirror.com.ph/2023/01/01/bye-2022-hello-2023/
Fuel distribution companies announced the new prices, with implementation starting January 1, 2024, as the new pricing includes a 5% value-added tax.
Ramsay Ali, the President of the Guyana Manufacturers Services Association (GMSA), is advocating for the elimination of value-added tax (VAT) on locally manufactured and agro-processed products, as well as data services throughout the nation.
These amounts were offset by lower other income in the current quarter because the prior year’s quarter reflected a $200,000 other income amount for a value-added tax refund and $240,000 for a reversal of a previously recorded reclamation accrual.