Reference is made to the article titled 'First Audit of Oil expenses found $214m in questionable claims by Exxon and partners' which was featured in the Sunday edition of the Stabroek News dated April 02, 2023, and continued in the Monday edition of April 03, 2023. In view of the assertions made by the writer, [...]
The GRA wishes to remind Self-employed individuals that they are required to attach their final accounts, which should be prepared on an accrual basis when submitting their Individual Income Tax Return. These accounts include the following: • Income or Profit and Loss Statement • Balance Sheet Additionally, the Financial Statement Summary (FORM G0017 and G0018) [...]
The Guyana Revenue Authority hereby notifies the General Public that all Partnerships must submit a Partnership Return. This requirement is in accordance with Section 66 of the Income Tax Act Chapter 81:01. Notwithstanding this, each partner is still obligated to submit an Individual Income Tax Return declaring his/her income derived from the Partnership. The due [...]
Georgetown, GRA, March 28, 2023: In response to an article published in the Stabroek News dated March 22, 2023, captioned ‘Poultry producers upset at chicken smuggling- GRA says addressing issue', Guyana Revenue Authority (GRA) wishes to remind the public that smuggling is illegal and anyone who attempts to import or export goods with intent to defraud [...]
The Guyana Revenue Authority continues to outline the application of Value-Added Tax (VAT) to specific goods and services. This policy therefore provides a better understanding with respect to zero-rated supplies and guidance on the items, which are zero-rated. Zero-rated supplies are taxable, but at a rate of zero percent (0%) and not fourteen percent (14%), [...]
The following forms the guiding principle with respect to the registration of promoters of public entertainment: In accordance with Section 11 (8) of the Value-Added Tax Act, Chapter 81:05, “…., a promoter of public entertainment, and licensees and proprietors of places of public entertainment, are required to apply for registration before they begin making supplies [...]
The following forms the guiding principle with respect to Charitable Organisations. These organisations are exempt for the purposes of VAT in keeping with Section 18 of the Value Added Tax Act, Chapter 81:05, which provides for all services listed in Schedule II to be an exempt supply. According to Section 2 of the VAT Act, [...]
The Guyana Revenue Authority has dealt with VAT Registration in prior publications; however, there is a need to highlight the law governing the Cancellation of VAT Registration. This policy therefore seeks to provide information regarding the persons eligible, rules and procedure regarding the cancellation of VAT Registration. Section 13(1) of the VAT Act, Chapter 81:05 [...]
Annual Report - 2016 As provided under Section 28 of the Revenue Authority Act, No.13 of 1996 and with the authorization of the Board, the Report of the Governing Board, on the activities, financial affairs, operations and performance of the Revenue Authority for the year ended 31st December, 2016, together with the audited Balance Sheet [...]
Annual Report - 2015 As provided under Section 28 of the Revenue Authority Act, No.13 of 1996 and with the authorization of the Board, the Report of the Governing Board, on the activities, financial affairs, operations and performance of the Revenue Authority for the year ended 31st December, 2015, together with the audited Balance Sheet [...]
Reference is made to the article titled 'First Audit of Oil expenses found $214m in questionable claims by Exxon and partners' which was featured in the Sunday edition of the Stabroek News dated April 02, 2023, and continued in the Monday edition of April 03, 2023. In view of the assertions made by the writer, [...] 
The GRA wishes to remind Self-employed individuals that they are required to attach their final accounts, which should be prepared on an accrual basis when submitting their Individual Income Tax Return. These accounts include the following: • Income or Profit and Loss Statement • Balance Sheet Additionally, the Financial Statement Summary (FORM G0017 and G0018) [...] 
The Guyana Revenue Authority hereby notifies the General Public that all Partnerships must submit a Partnership Return. This requirement is in accordance with Section 66 of the Income Tax Act Chapter 81:01. Notwithstanding this, each partner is still obligated to submit an Individual Income Tax Return declaring his/her income derived from the Partnership. The due [...] 
The Guyana Revenue Authority continues to outline the application of Value-Added Tax (VAT) to specific goods and services. This policy therefore provides a better understanding with respect to zero-rated supplies and guidance on the items, which are zero-rated. Zero-rated supplies are taxable, but at a rate of zero percent (0%) and not fourteen percent (14%), [...] 
The following forms the guiding principle with respect to the registration of promoters of public entertainment: In accordance with Section 11 (8) of the Value-Added Tax Act, Chapter 81:05, “…., a promoter of public entertainment, and licensees and proprietors of places of public entertainment, are required to apply for registration before they begin making supplies [...] 
Annual Report - 2016 As provided under Section 28 of the Revenue Authority Act, No.13 of 1996 and with the authorization of the Board, the Report of the Governing Board, on the activities, financial affairs, operations and performance of the Revenue Authority for the year ended 31st December, 2016, together with the audited Balance Sheet [...] 
Annual Report - 2015 As provided under Section 28 of the Revenue Authority Act, No.13 of 1996 and with the authorization of the Board, the Report of the Governing Board, on the activities, financial affairs, operations and performance of the Revenue Authority for the year ended 31st December, 2015, together with the audited Balance Sheet [...]