The importation of Cars, Vans, Buses, Pickups, and SUVs.
Calculating the Customs Duty and taxes on motor vehicles imported in Guyana
Motor vehicle importers/dealers and the public are hereby advised about the approved formula applicable to calculation of Customs Duty and Taxes on motor vehicles four years and older and under four years old.
Note
- In determining the age of a vehicle, Section 209 of the Customs Regulation defines “four years old” as the period of forty-eight months or four calendar years immediately preceding January 1 in the calendar year of importation.
- Vehicles four years and older are subject to a Flat Rate of Tax
- The declaration of particulars for a motor vehicle for the purpose of importation is facilitated via the Automated System for Customs Data (ASYCUDA) World. Among them, the Bill of Lading, Invoice, applicant’s Taxpayer Identification Number (TIN), CG/Tax Exemptions letter (if necessary) cancellation of registration (if necessary),
- Importers are advised to utilise the services of a licenced Customhouse broker who is registered in ASYCUDA World to facilitate the process.
- Public Officials who require assistance with ASYCUDA World for Tax Exemptions purposes, can make request to the Tax Exemptions Helpdesk – 227-6060 ext 3501.
- Visit the Motor Vehicle Calculator for assistance on calculating the duty and taxes on motor vehicles.
Vehicles four years old and over (gasoline)
|
||||||
| Tax | Not exceeding 1000cc | Exceeding 1000 cc up to 1500 cc | Exceeding 1500 cc up to 1800 cc | Exceeding 1800 cc up to 2000 cc | Exceeding 2000 cc up to 3000 cc | Exceeding 3000 cc |
| Duty | 0% | 0% | 0% | 0% | 0% | 0% |
| Excise | $800,000 (flat rate) | $800,000 (flat rate) | (CIF + US$6,000) * 30% + US$6,000 | (CIF + US$6,500) * 30% + US$6,500 | (CIF + US$13,500) * 70% + US$13,500 | CIF + US$14,500) * 100% + US$14,500 |
| VAT | 0% | 0% | 0% | 0% | 0% | 0% |
Vehicles four years old and older (Diesel & Semi-Diesel)
| Tax | Not exceeding 1500cc | Exceeding 1500cc but not exceeding 2000cc | Exceeding 2000cc but not exceeding 2500cc | Exceeding 2500cc but not exceeding 3000cc | Exceeding 3000cc |
| Duty | 0% | 0% | 0% | 0% | 0% |
| Excise | $800,000 (flat rate) | (CIF + US$15,400) * 30% + US$15,400 | (CIF + US$15,400) * 70% + US$15,400 | (CIF + US$15,500) * 70% + US$15,500 | (CIF + US$17,200) * 100% + US$17,200 |
| VAT | 0% | 0% | 0% | 0% | 0% |
The formulae used to calculate the taxes on a vehicle four years and older is as follows: (CIF + Excise) * 30% + Excise
Example:
Note that a US$5,000 was used as the CIF for a motor vehicle exceeding 1500cc but not exceeding 2000cc.
- (US$5,000 + US$8,200) * 30% + US$8,200
- Total Tax payable on import = US$12,160.00/ $ 2,535,360.00
Motor Vehicles Under Four Years Old
The Customs Regulations define “Four years old” as the period of forty-eight months or four calendar years immediately preceding January 1 in the calendar year of importation.
|
Vehicles under four years old (Gasoline) |
|||||||
| Tax | Not exceeding 1000cc | Exceeding 1000cc but not exceeding 1500cc | Exceeding 1500 cc up to 1800 cc | Exceeding 1800 cc up to 2000 cc | Exceeding 2000 cc up to 3000 cc | Exceeding 3000 cc | |
| Duty | 35% | 35% | 45% | 45% | 45% | 45% | |
| Excise | 0% | 0% | 10% | 10% | 110% | 140% | |
| VAT | 14% | 14% | 14% | 14% | 14% | 14% | |
The formulae used to calculate the taxes on a vehicle four years and older is as follows:
- Duty (45% of CIF)
- Excise (110% of Duty + CIF)
- VAT 14% (CIF + Duty + Excise Tax)
- Total Tax Payable = Customs Duty + Excise Tax + VAT
Example:
Note that a CIF Value of US$6,000 was used for a vehicle 2800 cc
- Duty 45% * (G$6000) = $ 2,700.00
- Excise 110% ($ 6,000 + $2,700) = $9,570
- VAT 14% ($ 6,000 + $2,700 + $9,570) = $2,557.80
- Total Tax Payable = $14,827.80/G $ 3,091,596.30
Vehicles under four years old (Diesel and Semi Diesel)
|
Tax |
Not exceeding 1500cc | Exceeding 1500 cc up to 1800 cc |
Exceeding 2000 cc up to 2500 cc |
Exceeding 2500 cc |
| Duty | 35% | 45% | 45% | 45% |
| Excise | 0% | 10% | 110% | 110% |
| VAT | 14% | 14% | 14% | 14% |
The formulae used to calculate the taxes on a vehicle four years and older is as follows:
- Duty (45% of CIF)
- Excise (110% of Duty + CIF)
- VAT 14% (CIF + Duty + Excise Tax)
- Total Tax Payable = Customs Duty + Excise Tax + VAT
Example:
Note that a CIF Value of US$6,000 was used for a vehicle 2800 cc
- CIF Value US$6,000
- Duty 45% * (G$6000) = $ 2,700.00
- Excise 110% ($ 6,000 + $2,700) = $9,570
- VAT 14% ($ 6,000 + $2,700 + $9,570) = $2,557.80
- Total Tax Payable = $14,827.80/G $ 3,091,596.30
Note to Dealers
Subject to the provisions under the Schedule of the Excise Tax Regulations
Where a vehicle less than four years old is imported by a dealer in motor vehicles, the rate of excise tax specified in the regulations shall be calculated on a value which is the sum of one and a half times the CIF value and the Customs duty thereon; except where a new vehicle is imported by a trader in new vehicles who is recognised as such by the Commissioner-General, in which case the rate of excise tax specified in the regulations shall be calculated on a value which, to the satisfaction of the Commissioner-General, is the sum of the ordinary retail selling price at which the motor vehicle would normally be sold without having regard to any discounts, commissions, monetary deductions, or other allowances given or made by the seller thereof and the Customs duty thereon.
Electric Cars
Electric cars, regardless of the power rating, attract zero rates of duty and taxes as shown below.
|
Category |
Customs Duty | Excise Tax |
VAT |
|
Less than 4 years old |
0% | 0% | 0% |
| Four years old and older | 0% | 0% |
0% |
