The following forms the guiding principle regarding the application of Value-Added Tax (VAT) on funeral services and human remains. Schedule II, Paragraph 3 (a) and (b) of the Value-Added Tax Act, Chapter 81:05 exempts domestic services such as funeral services and human remains which includes graves, tombs, coffins and caskets. Moreover, a supply of services [...]
The Guyana Revenue Authority continues to provide assistance to the general public on various issues regarding the application of Value Added Tax (VAT). As a result, this policy addresses issues concerning VAT on rice and rice products. Schedule I Paragraph 11 (g) of the VAT Act Chapter 81:05, zero rates a supply of paddy. Additionally, [...]
There are a number of supplies which are zero rated by virtue of Schedule 1 of the Value Added Tax (VAT) Act Chapter 81:05. The Guyana Revenue Authority (GRA) continues to simplify issues pertaining to VAT in order to educate and assist taxpayers. This policy therefore sets the standard procedure regarding what is considered Going [...]
The Guyana Revenue Authority continues to provide guidance on the application of Value-Added Tax (VAT) to goods and services. As such, this policy seeks to address issues concerning the supply of eggs. Schedule 1, Paragraph 11 (a) and Paragraph 13 (z) of the VAT Act Chapter 81:05, zero-rates a supply of hatching eggs and uncooked [...]
This policy seeks to inform the general public of the application of VAT on Cargo Handling Services such as inspection of packages, tallying, offloading and clearing goods in connection with international shipping agreements. Section 15 of the VAT Act Chapter 81:05 outlines the rules governing whether or not a supply is subject to tax within [...]
Computers, mobile phones and internet use form a vital part of the daily activities of businesses, schools and individuals. The Guyana Revenue Authority (GRA) finds it necessary to advise the general public on its Value Added Tax policy regarding computers, computer accessories, mobile phones and internet services. This policy therefore, forms the guiding principle as [...]
This policy seeks to outline the rules regarding the Rental and Sale of Land and Buildings and Value Added Tax. Schedule II, paragraph 2 (d) of the Value-Added Tax exempts for the purposes of VAT: “A supply of- accommodation in a residential dwelling; or leasehold land by way of lease (not being a grant or [...]
This policy is intended to offer the guiding principles regarding Mortgage Interest Relief. Section 20A (1) of the Income Tax Act, Chapter 81:01 states that ‘subject to this Act and the Regulations made under it, in ascertaining the chargeable income of an individual who was resident in Guyana in the year immediately preceding the year [...]
This policy seeks to address the various issues regarding the application of Value Added Tax specifically on Sugarcane and Raw Brown Sugar. Schedule I, paragraph 13 (c) of the VAT Act zero rates a supply of sugarcane and raw brown sugar. Therefore, consumers will not pay VAT at the standard of fourteen percent (14%) when [...]
The Guyana Revenue Authority continues to clarify various issues regarding the application of Value- Added Tax (VAT) to specific goods and services. Therefore, this policy seeks to addresses VAT relative to Peas and beans. Schedule I of the VAT Act Chapter 81:05 lists goods and services which are zero rated. Accordingly, Schedule I Paragraph 13 [...]
The following forms the guiding principle regarding the application of Value-Added Tax (VAT) on funeral services and human remains. Schedule II, Paragraph 3 (a) and (b) of the Value-Added Tax Act, Chapter 81:05 exempts domestic services such as funeral services and human remains which includes graves, tombs, coffins and caskets. Moreover, a supply of services [...]