Application For Tax Exemption

Customs Act

The general guidelines for applying for exemptions within the Fishing Industry

These guidelines apply to persons who are requesting tax exemptions under the First Schedule Part III B (1) Item 5 of the Customs Act.

  1. Established fishing industries with fishing licences are eligible for tax exemptions on items such as spares, packaging materials, fishing nets, floats etc.
    • These establishments are only eligible for customs duty exemption.
  2. Applicants that have a small fishing establishment and provides evidence of their operation, would also be eligible for the zero rating of the value-added tax on fishing nets, floats, rope, twine, cordage, hooks and sheet lead.
    • The items listed above are eligible for customs duty exemption and the zero rating of the Value-Added Tax.
  1. Application addressed to the Commissioner-General.
  2. Invoice/quotation from the supplier.
  3. Taxpayer Identification Number.
  4. Tax Exemption Processing & Verification Division application.
  5. Recommendation from the Fishing Co-operatives in which they are involved.
  6. In cases where the applicant has not supplied information that is required by the Guyana Revenue Authority, a letter is issued to the applicant requesting the required information.