A number of items that had attracted VAT at a rate of fourteen percent (14%) prior to March 1, 2008 have now been listed under the Schedule 1 of the VAT Act Chapter 81:05. This policy therefore seeks to enlighten the general public on Cheese that is considered as a Zero-Rated Supply. Schedule I, paragraph [...]
Value Added Tax Registration is categorised in Section 11 of the Value Added Tax Act Chapter 81:05 as being mandatory or voluntary. Prior to 2016 the threshold for mandatory and voluntary registration was ten million dollars ($10,000,000). However, effective January 2016 by virtue of amendment to Section 3 of the Value Added Tax Regulations the [...]
The Guyana Revenue Authority continues to sensitise taxpayers, the general-public and other stakeholders on matters pertaining to the various legislations it administers, in order to promote voluntary compliance. In this regard, the following information provides general guidance for obtaining a Dealer’s General Licence. DEFINITION Section 21 (1) & (3) of the Motor Vehicle and Road [...]
The Guyana Revenue Authority continues to sensitise taxpayers, the general public and other stakeholders on matters pertaining to the various Acts it administers. In this regard, the following information seeks to give clarity as regards to the statutes, rules and procedures which would apply to the granting of tax exemptions to differently-abled persons. DEFINITION: DIFFERENTLY-ABLED [...]
The Guyana Revenue Authority (GRA) is continuing its efforts to sensitise the general public on the various taxes it administers, so as to promote voluntary compliance. DEFINITION OF TERMS: Vacation Allowance The Income Tax Act does not provide a definition for Vacation allowance. However, the number of days worked entitles an employee to vacation allowance, [...]
The Guyana Revenue Authority (GRA) is continuing its efforts to sensitise the general public on various issues to ensure compliance. This policy serves as the guiding principle governing the issuance of a Certificate of Compliance. A Certificate of Compliance is a document issued by the GRA to an individual or company as proof that all [...]
The Guyana Revenue Authority (GRA) is continuing its efforts to enhance its mission by sensitizing the general public on various issues, to ensure compliance. This policy is intended to provide a better understanding of the statutory provisions concerning payments to non-resident contractors/subcontractors. Local businesses, organizations and individuals may employ the services and expertise of non-resident [...]
The Guyana Revenue Authority finds it necessary to provide guidance to the general public on the taxes it administers in order to promote voluntary compliance. This policy is intended to guide employers and employees regarding their obligation to withhold and remit Tributors’ tax respectively Section 33F (13) of the Income Tax Act, Chapter 81:01 defines [...]
The Guyana Revenue Authority (GRA) recognises the need to provide the general public with essential information regarding the taxes it administers to promote voluntary compliance and aid in a smooth transaction process. This policy is intended to offer guidance and guidelines regarding Mortgage Interest Relief. Section 20A (1) of the Income Tax Act, Chapter 81:01 [...]
The Guyana Revenue Authority recognises the need to provide information and guidance to the general public with regards to the various taxes it administers. As such, this policy seeks to provide guidance on the issuing of a provisional licence for small businesses. It was observed that many small businesses, in their efforts to obtain a [...]
A number of items that had attracted VAT at a rate of fourteen percent (14%) prior to March 1, 2008 have now been listed under the Schedule 1 of the VAT Act Chapter 81:05. This policy therefore seeks to enlighten the general public on Cheese that is considered as a Zero-Rated Supply. Schedule I, paragraph [...] 
The Guyana Revenue Authority finds it necessary to provide guidance to the general public on the taxes it administers in order to promote voluntary compliance. This policy is intended to guide employers and employees regarding their obligation to withhold and remit Tributors’ tax respectively Section 33F (13) of the Income Tax Act, Chapter 81:01 defines [...]