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VAT Policy#24 : Value Added Tax Registration (Revised February 11, 2022)

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 [...]

Payment of Taxes via Wire Transfer

The GRA wishes to advise non-resident individuals and companies making payment of taxes via wire transfer that a formal request must be made by way of email or written correspondence to the Commissioner-General requesting GRA's banking information. Emails can be sent to bankpayments@gra.gov.gy while written correspondence should be addressed to the Commissioner-General, 200-201 Camp Street [...]

Excise Stamps on Cigarettes

Georgetown, Thursday, February 17, 2022: The Revenue Authority wishes to remind all importers, wholesalers and retailers that all imported package/unit of alcoholic/tobacco products must be affixed with an excise stamp in accordance with the amendment made under Regulation 212 of the Customs Act, Chapter 82:01. The Authority in keeping with this Regulation has intensified its [...]

Excise Notice: County of Demerara (New Licences)

The under mentioned applications have been received for the grant of Certificates for the issue of Excise Licences under the provision of Section 10 (4) of the Intoxicating Liquor Licensing Act, Chapter 82:21.  NEW LICENCES NO. TYPE OF LICENCE NAME AND ADDRESS OF LICENCEE SITUATION OF PREMISE IN WHICH APPLICATION WAS MADE 1 Liquor Restaurant [...]

Dealers’ General Licence (Revised February 12, 2025)

This week’s #TaxationSimplified provides guidance on the procedure to be followed by Auto Dealers seeking to obtain a licence in order to successfully drive vehicles without having to pay the tax and register them. What is the Dealers’ General Licence? The Dealers’ General Licence is a licence issued by GRA to auto dealers allowing the [...]

Policy: Dealers’ General Licence (Revised February 12, 2025)

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 [...]

Extension of Relief for Freight Charges for Imports

In keeping with the Budget Measures recently announced for 2022 and His Excellency, The President’s directive on relief for freight charges, the Guyana Revenue Authority (GRA) wishes to inform the general public that the relief is extended to December 31, 2026. This relief is for freight charges used in the calculation of duties and taxes [...]

“PAC” Motor Vehicle Registration Series to Commence Shortly

Georgetown, GRA, Wednesday, February 2, 2022: The Guyana Revenue Authority’s (GRA) Licence Revenue Office will soon commence the registration of motor vehicles in the “PAC” series as the “PAB” series comes to an end. The current “PAB” series began on June 23, 2021 and with less than 180 motor vehicle registration numbers remaining, this will [...]

Reduction of Excise Tax on Fuel

The Guyana Revenue Authority wishes to advise importers and brokers, that the Government of Guyana has approved the further reduction of Excise Tax on the importation of fuel. This measure took effect from Thursday, January 27, 2022. Therefore, in accordance with the Excise Tax Act, Chapter 82:03, the importation of fuel now attracts Excise Tax [...]