The Guyana Revenue Authority (GRA) wishes to inform all importers, Licensed Customhouse Brokers and taxpayers that effective February 06, 2023, the following budget measures for 2023 were implemented for the following categories of motor vehicles:

1. Excise Tax – Application of a flat rate of excise tax of Eight Hundred Thousand Guyana Dollars (G$800,000) on motor vehicles under 1500cc and are four (4) years old and over, and are classified under the following HS Codes: 8703.21.90, 8703.22.90 and 8703.31.90.
2. Customs Duty – Reduction of the rate of customs duty from 45% to 35% on motor vehicles under 4 years old and under 1500cc,
3. VAT – Removal of value-added tax on all electric motor vehicles under 4 years old.

All Motor vehicles imported and falling under the categories mentioned above but NOT ENTERED to date, will qualify for the reduced rates of taxes once submitted in ASYCUDA World with effect from February 06, 2023.

By Order
Commissioner-General