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Reduction of Excise Tax on Fuel (Gasoline and Diesel)

The Guyana Revenue Authority (GRA) wishes to advise all Importers, Licenced Customhouse Brokers that the Government has given approval for the rates on gasoline and diesel specified under the Excise Tax Act Chapter 82:03 to be reduced as follows: HS Code Item From To 2710.12.20.00 Gasoline 10% 0% 2710.20.10.00 Gasoline 10% 0% 2710.19.30.00 Diesel 10% [...]

Shooting incident involving GRA officer

Georgetown, Thursday, March 17, 2022: The Guyana Revenue Authority (GRA) is aware of a shooting incident in the neighborhood of La Bonne Intention (LBI) East Coast Demerara involving one of its officers on Sunday, March 13, 2022. While the Guyana Police Force (GPF) is probing the case, the Authority has commenced an internal investigation and await [...]

Notice to Employers, Employees & Self-Employed Persons | Changes to Income Tax Threshold

In accordance with the Fiscal Enactments Amendment Act No. 5 of 2022, and with effect from January 1, 2022, the statutory deduction or free pay for employed and self-employed individuals has been revised from seven hundred and eighty thousand dollars ($780,000) to nine hundred thousand dollars ($900,000). Additionally, Section 16(l) of the Income Tax Act, [...]

Withholding Tax Exemption – Aged and Incapacitated Persons Exempt from Income Tax Payment

In accordance with the Fiscal Enactments (Amendment) Act No. 5 of 2022, Section 8 of the Income Tax Act Chapter 81:01 has been amended, thereby increasing the annual statutory deduction from seven hundred and eighty thousand dollars ($780,000) to nine hundred thousand dollars ($900,000). The section now provides as follows: “Notwithstanding the provisions of section [...]

Contractors- 2% Withholding Tax

With effect from January 1, 2022, and in accordance with the Fiscal Enactments (Amendment) Act No. 5 of 2022, Section 13 and 14 of the Income Tax Act Chapter 81:01, which mandates the deduction of Resident Withholding Tax at the rate of two percent (2%), has been repealed and is no longer applicable on contractor’s [...]

Excise Notice: County of Berbice – 2nd Quarter

In accordance with Section 10(4) of the Intoxicating Liquor Licencing Act, Chapter 82:21, the general public is hereby notified that the Second Quarterly General Licencing Meeting for the year 2022, of the District Licencing Board for the County of Berbice, will be held on the following date: Tuesday, June 21, 2022 The meeting is scheduled [...]

Excise Notice: County of Essequibo – 2nd Quarter

In accordance with Section 10(4) of the Intoxicating Liquor Licencing Act, Chapter 82:21, the general public is hereby notified that the Second Quarterly General Licencing Meeting for the year 2022, of the District Licencing Board for the County of Essequibo, will be held on the following date: Friday, June 24, 2022 The meeting is scheduled [...]

Excise Notice: County of Demerara – 2nd Quarter

In accordance with Section 10(4) of the Intoxicating Liquor Licencing Act, Chapter 82:21, the General Public is hereby notified that the Second Quarterly General Licencing Meeting for the year 2022, of the District Licencing Board for the County of Demerara, will be held on the following date: Thursday, June 23, 2022 The meeting is scheduled [...]

Exemption from Withholding Tax on Total Earned Interest not exceeding G$10,000

Section 39(1)(c) of the Income Tax Act Chapter 81:01 has been amended in accordance with the Fiscal Enactments (Amendment) Act 2022, Act No. 5 of 2022 with the inclusion of the following Proviso: Section 39 (1)(c) of the Income Tax Act Chapter 81:01 now reads as follows, “There shall be levied and paid income tax [...]