The Guyana Revenue Authority (GRA) wishes to remind taxpayers that the Agency will not be accepting cash payments exceeding two million dollars ($2M).
Taxpayers wishing to pay part by cheque and part by cash will be allowed to as long as the cash DOES NOT exceed $2M and is paid at the same time. Partial Payments to avoid the $2M maximum cash payment will NOT be accepted.
This decision has been taken both in context of the security risk such cash transactions pose on both the Agency and the public, as well as Section 12 (3) of the Anti-Money Laundering and Countering the Financing of Terrorism Regulations.
As such, any payments exceeding $2M should be made via cheques or other electronic payment options.
By Order of:
Guyana Revenue Authority