Industrial area of Sindos - Thessaloniki, November 1st, 2023 Subject:Press release regarding the Issue of Annual Tax Certificate of Greek companies of ELGEKA.
The audit results for the oil companies operating in the Stabroek Block from 1999 to 2017 revealed a stunning US$214 million in questionable expenses. The auditor's report was leaked 2 years after completion which raises questions about why the government wasn’t transparent with the Guyanese people, given the outrageous amount of money under question. There is a larger figure that is a mystery and it relates to the exemptions given to the oil companies and their related contractors for 2021.
Back in 2021, Guyana reportedly gave oil and gas companies US$397 million in tax breaks on profit oil, which is about US$191 million more than the country received in that same year from personal income taxes paid by Guyanese workers.