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Invitation For Bid: Supply & Delivery of Air Conditioning Units (New)

Invitation for Bids (IFB) Co-operative Republic of Guyana Guyana Revenue Authority hereinafter referred to as “the Procuring Entity”, invites Eligible bidders to submit their bids for the outlined categories – “Supply and Delivery of Air Conditioning Units (New)” Bidding will be conducted through the National Competitive Bidding (NCB) procedures, specified in the Procurement Act 2003, [...]

Invitation For Bid: Construction of New Regional Office MABARUMA, Region 1

Invitation for Bids (IFB) Co-operative Republic of Guyana Name of Project – Construction of New Regional Office MABARUMA, Region 1. The Guyana Revenue Authority now invites sealed bids from eligible bidders for Construction of New Regional Office MABARUMA, Region 1. Bidding will be conducted through the National Competitive Bidding (NCB) procedures, specified in the Procurement [...]

Invitation For Bid: Enclosure of Canteen- GRA Head Office, Camp Street

Invitation for Bids (IFB) Co-operative Republic of Guyana Name of Project – Enclosure of Canteen- GRA Head Office, Camp Street  The Guyana Revenue Authority now invites sealed bids from eligible bidders for Enclosure of Canteen-GRA Head Office, Camp Street. Bidding will be conducted through the National Competitive Bidding (NCB) procedures, specified in the Procurement Act [...]

Information on amendments to the Tax Laws

The Guyana Revenue Authority (GRA) being aware of some confusion in the public domain surrounding the tax measures outlined in the 2020 National Budget and their effective dates of implementation, would like to provide guidance regarding the said measures signed into law by His Excellency the President, Dr Irfaan Ali. The effective dates of the [...]

LOCAL SUPPLIERS TO EXXON AND ITS SUB-CONTRACTORS

The GRA again wishes to advise Local Suppliers that Article 21.1 of the Petroleum Agreement between THE GOVERNMENT OF THE CO-OPERATIVE REPUBLIC OF GUYANA AND ESSO EXPLORATION AND PRODUCTION GUYANA LIMITED ….., ET AL, states as follows: “The Contractor,  and the Sub-Contractors engaged in Petroleum Operations shall be permitted to import, free of duty, VAT [...]

Removal of VAT on Capital Machinery & Equipment

 Value Added Tax (VAT) on capital machinery and equipment used in the following industries below have been Zero-rated. This measure took effect in accordance with the amendment to reflect the insertion of paragraph 9 to Schedule 1 of the Value-Added Tax Act: “9. Zero-rated for the purposes of Section 17 are supplies of capital equipment [...]

Removal of VAT on Electricity and Water

With effect from April 1, 2020, water and electricity consumed by residences or businesses are zero rated. With the amendment to paragraph 7 of the Value Added Tax Act Schedule 1: “The following services are zero-rated for the purposes of Section 17. A supply of electricity for consumption A supply of water for consumption”

Input VAT on Exports

Exporters of goods and services are hereby notified that effective October 1, 2020 there will be no imposition of Value Added Tax (VAT) on exports. Sections 18 (1) and (2) of the Value-Added Tax (Amendment) Act of 2020 states: “18. (1) Subject to subsection (2), a supply of goods or services is an exempt supply if [...]

Exemption of VAT on Medical Supplies

With effect from October 1, 2020 the supply of over the counter drugs, vitamins, minerals and tonics will no longer attract Value Added Tax (VAT). This measure is in accordance with amendment to Schedule 1 of the Value Added Tax Act: “(iii) by the insertion, immediately after subparagraph (b)(vi), as so amended, of the following [...]

Removal of VAT on Key Inputs in the Poultry Industry

With effect from October 1, 2020, there will be NO Value Added Tax (VAT) on fertilisers, agrochemicals, pesticides and other key inputs used in the poultry industry. This measure accords with the amendment of Schedule I of the Value-Added Tax Act to reflect the insertion of paragraph 11: “11. The following supplies are zero-rated for [...]