Press Release – GRA mourns passing of Mr. Clarence Chue, former Customs Comptroller
Georgetown, GRA, Thursday, May 28 2020: The Guyana Revenue Authority (GRA) mourns the loss of another reputable career individual who made an indelible mark in Guyana’s tax administration, Mr. Clarence Chue. He passed away on May 27, 2020 at the age of 70. Mr. Chue would have given countless years to the Revenue body beginning […]
Press Release – Passing of former Commissioner-General Mr. Khurshid Sattaur
Georgetown, GRA, Wednesday, May 27, 2020: Management and staff of the Guyana Revenue Authority (GRA) are deeply saddened by the news of the passing of former Commissioner-General Mr. Khurshid Sattaur on Tuesday, May 26, 2020. The Revenue Authority uses this opportunity to express its condolences to the relatives, friends and colleagues of Mr. Sattaur, many […]
Press Release – Fake news circulating about tax collection
Georgetown, GRA, April 21, 2020: The Commissioner-General wishes to refute in no uncertain terms a “fake press release” being bandied about on the worldwide web, and purportedly emanating from the Guyana Revenue Authority (GRA) advising the general public that tax collection is suspended until further notice. This fake release (fake news) is being spread by certain […]
Press Release – Additional relief measures to combat COVID-19
Georgetown, GRA, April 7, 2020 : In the ongoing national effort to support businesses and individuals who have been socially and economically disadvantaged by the threat of the corona virus (COVID-19) pandemic, the Government of Guyana today approved a number of additional tax relief measures. The following will therefore be implemented on the effective dates […]
VAT and computers, computer printers
The Guyana Revenue Authority (GRA) hereby advises that in accordance with the amendments to the Value-Added Tax (VAT) Act, the following which are linked to computers, computer parts, components and printers must be treated as exempt from VAT: COMPUTER CATEGORIES: Supercomputer, Mainframe computer, Minicomputers (servers + clients), Microcomputers (desktops), Mobile computers-laptops, tablets, netbooks, ultra-portables, etc. COMPUTER […]
FATCA | Reporting Portal
The Guyana Revenue Authority (GRA) is mandated under the Foreign Accounts Tax Compliance Act (FATCA) to report accounts of United States (US) citizens to the US Internal Revenue Service (US-IRS) on an annual basis. In fulfilling this obligation, Financial Institutions (FIs) with accounts held by US citizens are required to report such information to the […]
VAT Exemption on Housing Units
Value-Added Tax is EXEMPT from complete housing units costing up to $6.5M. These housing units must be built by, or on behalf of, the Central Housing and Planning Authority (CH&PA) or any other approved entity. This measure is in accordance with Section 22 of Schedule II of the VAT Act Chapter 81:05. This measure took effect from […]
Description & Abbreviations of Various Cargo
Adopted by the Shipping Association of Guyana DESCRIPTION OF VARIOUS CARGO Identification of Cargo & Abbreviations DESCRIPTION ABBREVIATION CRATE (CRT) CASE (CS) PALETTE (PLT) SKID (SKD) PACKAGE (PKG) BOX, CARTON & BIN BOX (48*24*28) (BX | CTN) PLASTIC CONTAINER R) (PLSTC | CTN ENVELOPE (ENV) BUNDLE (BDL) BAGS (BGS) ROLLS (RLS) LIFT VAN (LV) BUNDLES […]
Cost for the re-print of TIN Certificates reduced
Effective January 1, 2019, Individuals, Companies, Non-Governmental Organisations, or any individual or company, applying for a re-print of TIN Certificate will be required to pay the following: Re-print of Certificate: $ 2,000 This change is in keeping with the amendments made under Section 60(A) of the Income Tax Act Chapter 81:01, which states “Every person applying […]
Property Tax
Individuals and companies with NET PROPERTY valued forty million dollars ($40M) or more at the end of 2019 will be required to FILE a Property Tax Return. This provision is in accordance with the amended NET PROPERTY is the amount by which the total value of the property owned by any person at the end […]