The Guyana Revenue Authority continues to sensitise taxpayers, the general public and other stakeholders on matters pertaining to the various legislations it administers. In this regard, the following information seeks to give clarity on the statutes, rules and procedures which would apply to the grant of tax exemptions to re-migrants, settlers and returning students. AGENCIES The [...]
The Guyana Revenue Authority continues to outline the application of Value-Added Tax (VAT) to specific goods and services. This policy therefore provides a better understanding with respect to zero-rated supplies and guidance on the items, which are zero-rated. Zero-rated supplies are taxable, but at a rate of zero percent (0%) and not fourteen percent (14%), [...]
The following forms the guiding principle when advertising, displaying or quoting prices for goods and services that are subject to VAT at the standard rate of fourteen percent (14%). Persons registered for Value-Added Tax (VAT), must charge VAT on all goods and services at the standard rate of fourteen percent (14%) except where the good [...]
The following forms the guiding principle with respect to the registration of promoters of public entertainment: In accordance with Section 11 (8) of the Value-Added Tax Act, Chapter 81:05, “…., a promoter of public entertainment, and licensees and proprietors of places of public entertainment, are required to apply for registration before they begin making supplies [...]
The following forms the guiding principle with respect to Charitable Organisations. These organisations are exempt for the purposes of VAT in keeping with Section 18 of the Value Added Tax Act, Chapter 81:05, which provides for all services listed in Schedule II to be an exempt supply. According to Section 2 of the VAT Act, [...]
The Guyana Revenue Authority has dealt with VAT Registration in prior publications; however, there is a need to highlight the law governing the Cancellation of VAT Registration. This policy therefore seeks to provide information regarding the persons eligible, rules and procedure regarding the cancellation of VAT Registration. Section 13(1) of the VAT Act, Chapter 81:05 [...]
In a continued effort to provide guidance and quality service to stakeholders and the general public on various issues regarding the application of Value-Added Tax (VAT), the Guyana Revenue Authority has prepared this policy to offer clarification on matters regarding the Time of Supply upon the sale of goods and services. In accordance with Section [...]
The Guyana Revenue Authority (GRA), in its continued effort to sensitize the public on matters of interest, has prepared the following policy to provide guidance on Value-Added Tax (VAT) on Spectacles. According to the Concise Oxford English Dictionary, spectacles are defined as “a pair of glasses”, while glasses mean “a pair of lenses set in [...]
The Guyana Revenue Authority (GRA), in its continued effort to sensitize the general public on matters of interest, has prepared the following policy to provide guidance on Value-Added Tax (VAT) on Financial Services. Section 18 of the Value-Added Tax (VAT) Act, Chapter 81:05 states that: “Subject to subsection (2), a supply of goods or services [...]
The following is the Guyana Revenue Authority’s Value-Added Tax (VAT) guiding principle in relation to application for refunds. Many taxpayers have been querying whether they are required to apply to the VAT Department each month for refunds in respect of their excess input tax credits. Section 35 (1) of the Value-Added Tax Act Chapter 81:05 [...]
The Guyana Revenue Authority continues to sensitise taxpayers, the general public and other stakeholders on matters pertaining to the various legislations it administers. In this regard, the following information seeks to give clarity on the statutes, rules and procedures which would apply to the grant of tax exemptions to re-migrants, settlers and returning students. AGENCIES The [...] 
The following forms the guiding principle with respect to the registration of promoters of public entertainment: In accordance with Section 11 (8) of the Value-Added Tax Act, Chapter 81:05, “…., a promoter of public entertainment, and licensees and proprietors of places of public entertainment, are required to apply for registration before they begin making supplies [...]