Tax Operations (IR)
FREQUENTLY ASKED QUESTIONS - IR
TAXPAYER IDENTIFICATION NUMBER (TIN)
Q. Who is required to have a TIN?
A. Every person conducting business with a Government Department, Public Authority (including GRA), Public Corporation or the Central Bank (Bank of Guyana) must possess a TIN.
Q. What are the requirements for obtaining a TIN?
A. TIN applicants are required to provide the following documents when applying for a TIN: (1) a completed TIN application form, (2) an original valid form of identification [Passport, National Identification Card, or National Insurance Scheme (NIS) Card] and (3) one (1) proof of address.
INCOME TAX THRESHOLD
Q. What are the Statutory Allowances (also referred to as Income Tax threshold) for the various Year of Income? (ATTACH LINK TO TAX ADMIN)
INDIVIDUAL INCOME TAX RETURNS
Q: Who is required to file and Individual Income Tax Return and when is the due date for submission of the Return?
A: Every individual whose annual income is not less than the statutory allowances (ATTACH LINK) must on or before April 30th of every year deliver to the GRA a true and correct Individual Income Tax Return of the whole of his/her income from every source.
Q: What are some of the expenses which self-employed persons are allowed to deduct as an expense of their business?
A: Self-employed persons are allowed to deduct expenses if incurred wholly and exclusively in the production of their income including: - rent; repairs to premises, plant and machinery, rates and taxes on immovable property; premiums paid on any fire insurance policy etc.
However, it should be emphasized that the expenses which self-employed persons are allowed to deduct must be those related to their business, profession or vacation exclusively and must not be personal expenses.
Q: How does a self-employed person pay Income Tax and what are the due dates for Income Tax payments?
A: Self-employed persons are required to pay Income Tax on a quarterly basis on or before 1st April, 1st July, 1st October and 31st December of each year and any remainder of unpaid amount of the tax must be paid on or before 30th April of the following year.
Q. When should I remit the Income Tax deducted from the wage/salary of employees and submit the monthly Employersâ€™ Return (Form 5) to the GRA?
A. It is the obligation of employers to deduct or withhold Income Tax from the remuneration (i.e. salaries, wages) of their employees and remit the tax deducted to the GRA within fourteen (14) days of the following calendar month, with respect to the previous month payment and also, submit the monthly Employersâ€™ Form 5 Return on or before that date.
Q. What forms must be completed when completing the annual Return of Employers of Persons Employed (Form 2) by them?
A: The Form 2 Return comprises of the following forms which must be completed in triplicate: (1) Declaration Form (Form 2A); (2). Return of Employers of persons employed; (3). Summary Form (Form 2B).
However, the original and duplicate of the above stated forms must be submitted the GRA.
Q. When is the annual Return of Employers of Persons Employed (Form 2) by them Employers (Form 2) due?
A. The annual Employers Returns (Forms 2) must be completed and submitted to the GRA on or before February 28 of each year.
Q. What documents in order for an individual to obtain a Liability Certificate?
A. In order to obtain a Liability Certificate, the taxpayer must be in possession of the following documents: (1)Taxpayer Identification Number (TIN); (2) must have submitted his/her (Income Tax) Returns for the last eight (8) years (including the return for the preceding year of income); (3) obtain an application form (which must be completed) from the Compliance Section, GPO Building or any branch office; (4) be in possession of a letter from the Pension Scheme stating separately the employerâ€™s and the employeeâ€™s contributions of pension and the interest on both contributions and (5) a National Identification Card or valid Passport.
Q. Where can I obtain a Liability Certificate?
A. Individuals can obtain a Liability Certificate from the Liability Unit of the GRA which is located at