Cost for the re-print of TIN Certificates reduced
Effective January 1, 2019, Individuals, Companies, Non-Governmental Organisations, or any individual or company, applying for a re-print of TIN Certificate will be required to pay the following: Re-print of Certificate: $ 2,000 This change is in keeping with the amendments made under Section 60(A) of the Income Tax Act Chapter 81:01, which states “Every person applying […]
Property Tax
Individuals and companies with NET PROPERTY valued forty million dollars ($40M) or more at the end of 2019 will be required to FILE a Property Tax Return. This provision is in accordance with the amended NET PROPERTY is the amount by which the total value of the property owned by any person at the end […]
Excise Relief for Persons with a Disability
Motor vehicles designed for use by differently-abled persons will be EXEMPT from Excise Tax with effect from January 1, 2019. Additionally, if a motor vehicle has been or will be converted for use by a differently-abled person, to the satisfaction of the Commissioner-General, it will also be EXEMPT from the payment of Excise Tax. The Authority representing persons with […]
Preparer of Returns
The Guyana Revenue Authority wishes to notify all tax practice professionals that the term “Preparer of Returns” has been included and clearly defined for the purposes of the issue of Practice Certificates. In light of same, Section 37 (15) of the Tax Act, Chapter 80:01, has been revised to include the profession “Preparer of Returns”, […]
Excise Relief for Tourism Operators
Tourist operators who use MOTOR BUSES with twelve (12) OR MORE SEATS shall be EXEMPT from the payment of Excise Tax. These vehicles must however NOT exceed four years (4) old. These vehicles must be used EXCLUSIVELY for the transportation of tourists anywhere in Guyana, and the owner/operator must be registered and licensed as a tourism operator with the Guyana Tourism Authority (GTA). Operators […]
Relief for Public Officers Importing Motor Vehicles
The GRA is advising Public Officers that effective January 1, 2019 the following reduction in the excise rates on motor vehicles (under four years/New) for eligible public officers, became applicable: NO. CATEGORY OLD EXCISE RATE NEW EXCISE RATE 1. Vehicles with less than 1500 cylinder capacity (cc) 10% 0% 2. 1500 -1800 cc and 1801 -2000cc 30% 10% This […]
List of commodities ineligible for conditional duty exemptions
The Table below contains the extensive list of commodities ineligible for conditional duty exemptions as outlined in Part 1 of the Customs Tariff. Manufacturers/Importers are therefore advised that items appearing on this list will NOT be exempt from the payment of customs duty unless a COTED Suspension is received from the CARICOM Secretariat through the […]
Processing of tax exemptions for fertilisers, pesticides in ASYCUDA
The below table contains the list of Harmonised Systems (HS) 2017 Codes used in ASYCUDA World to process tax exemptions for fertilisers and pesticides. Some of these products are exempt from both customs duty and value-added tax while others are exempt from customs duty only, once imported for use in the agricultural sector. The exemption […]
New Procedures For Importing Food and Drugs
Goods being monitored by the Government Analysis – Food and Drug Department (GA-FDD) will be prioritised for faster processing and clearance so that consignments of food and drugs are not delayed or detained. The Guyana Revenue Authority in partnership with the GA-FDD has therefore developed the following requirements: Importers of commercial food items and drugs […]
Accessories & Mountings for Solar Items
Machinery and equipment imported for the purposes of generating and utilising renewable energy are eligible for Customs duty and Value-Added Tax Exemptions under existing laws. These are granted under Item 49 (a) of the First Schedule, Part III B (ii) of the Customs Act, Chapter 82:01, and Paragraph 12 of Schedule II of the Value-Added […]