Property Tax - Persons Required To File Returns

Persons Required To File Property Tax Returns

Effective January 1, 2019, any individual or company whose net property is in excess of Forty Million Guyana Dollars ($40,000,000.00) will be required to submit (file) a Property Tax Return.

DUE DATE FOR SUBMISSION OF RETURN AND PAYMENT OF TAX

The due date for submitting returns is April 30, in the year immediately following that in which the property was owned. Every person to whom the Act applies is required to calculate the tax payable and to pay on the basis of the return at the time of filing.

payment of property tax

With respect to the First Schedule of the Property Tax Act, the rates on the payment of property tax were amended as follows:-

  • On the first $40M of net property - Nil;
  • For every dollar on the next $20M of net prroperty - 0.5%
  • For every dollar on the remainder of net prroperty - 0.75%