#TaxationSimplified: Taxable & Non-Taxable Allowances So you have recently landed a new job and have been granted some allowances to carry out your responsibilities. The first question you should ask is what is an Allowance? And secondly, what are the…
#TaxationSimplified: Meal Allowances This week’s #TaxationSimplified, explains how employees of both the Private and Government Sectors benefit from Meal Allowances. Meal allowances are generally considered taxable and are paid to employees for the purchase of meals throughout the course of…
This week’s #TaxationSimplified, explains how Property Tax is administered to individuals on the value of their net property. Section 2 of the Property Tax Act defines “property” as, immovable property (house and land), movable property (motor vehicles, furniture, jewellery, and…
#TaxationSimplified: Deduction & Remittance of PAYE DESCRIPTION: This week’s #TaxationSimplified provides guidance to employers on the deduction and remittance of Pay As You Earn (Income Taxes). Section 93 (1) of the Income Tax Act, Chapter 81:01 provides that “any remuneration…
#TaxationSimplified: VAT Registration DESCRIPTION: Have you considered opening a business, where a ‘VAT-able’ service will be provided? Well before you do, here’s what you need to know as it relates to value added tax application. Let’s take a look at…
#TaxationSimplified: Housing Allowance Are you the recipient of a housing allowance from your Employer to cover your rent, boarding or lodging expenses? Then this week’s #TaxationSimplified is for you! Is Income Tax charged on the housing allowances issued by my…
The Guyana Revenue Authority (GRA) is continuing its efforts to sensitise the general public on the various taxes it administers, so as to promote voluntary compliance. DEFINITION OF TERMS: Vacation Allowance The Income Tax Act does not provide a definition…
The Guyana Revenue Authority (GRA) is continuing its efforts to sensitise the general public on various issues to ensure compliance. This policy serves as the guiding principle governing the issuance of a Certificate of Compliance. A Certificate of Compliance is…
The Guyana Revenue Authority (GRA) is continuing its efforts to enhance its mission by sensitizing the general public on various issues, to ensure compliance. This policy is intended to provide a better understanding of the statutory provisions concerning payments to…
In an eff ort to promote integrity among its internal and external stakeholders, the Guyana Revenue Authority has launched a hotline service to deal speci fically with reports of staff involved in activities aff ecting the integrity of all its stakeholders, including that…
