Travel Voucher Tax (TVT)
The Travel Voucher Tax (TVT) Chapter 80:09 is administered by the Guyana Revenue Authority (GRA) and provides for the imposition and collection in Guyana of a tax on travel tickets used for the purpose of travel originating from Guyana.
As such, according to Section 3 (1) of the Act, "there shall be charged, levied and collected in respect of every travel ticket a tax referred to as "œtravel voucher tax" calculated on the fare for the journey from Guyana, the subject matter of the ticket".
Further, Section 8 (1) of the TVT Act specifies that every carrier or charterer who issues a travel ticket collect in respect of that ticket from the person named therein the travel voucher tax payable and upon payment of the tax the carrier or charterer shall indicate on the travel ticket in the prescribed manner the fact that the amount of travel voucher tax as been paid.
This therefore means that all carriers or charterers are required to charge and collect TVT on the ticket from every customer who departs Guyana and must indicate that such tax was indeed collected.
Payment Of Tax Collected
Moreover, Section 10(1) of the TVT Act provides that all monies collected as travel voucher tax by a carrier or charterer is due and payable to the Commissioner- General (C.G) at the time when the tax shall have been collected in accordance with section 8 from the holders of the travel tickets in respect of which the tax was paid except that regulations may provide either generally or in any case for payment of monies by instalments or periodically or within such period, including the payment of the additional sum as interest on the monies as are not paid by the prescribed time.
Hence, the travel voucher tax collected by a carrier or charterer is due and payable at the time when the tax was required to have been collected from persons, except where the regulations provide either generally or in any case for payment of the taxes by instalments or periodically or within such period including the payment of the additional sum as interest on the monies not paid by the prescribed time.
Pursuant to Section 5 (1) of the TVT Regulations every carrier shall for every accounting period furnish the Commissioner-General with a return disclosing the following particulars-
(a) the period, name of carrier, to which return relates;
(b) the numbers of the tickets issued during the period, sum paid for each ticket and the respective amount collected as travel voucher tax in respect thereof:
(c) the numbers of the tickets in respect of which no tax was collected, or in respect of which the tax payable was duly affected by reason of a discount allowed in the fare for the journey, and the reasons therefore; and
(d) refunds of travel voucher tax made to passengers and reasons therefore, and shall furnish the return not later than twenty- two days following the end of each period to which it relates, provided that where the Commissioner- General is satisfied in order meet the circumstances of any particular case it is necessary to vary the period of any return or the date on which any return shall be furnished he may accordingly give to a registered person such directions as he thinks fit.
Paragraph 2 of Section 5 provides that a person furnishing a return in pursuance of this Regulation shall at the same time pay to the Commissioner- General the amount of tax appearing by such return to be due.
Section 2 of the TVT Regulations made under section 13 defines an accounting period as that period in every month extending from the first day to the 15th day (inclusive) or from the 16th day to the last day of the month.
According to Section 10 (1A) (a) of the TVT where a carrier or charterer fails to pay to the Commissioner- General monies collected as travel voucher tax within the times prescribed by the regulations made under this Act, he shall, in addition to such travel voucher tax become liable to pay to the Commissioner- General a sum of fifteen percent of such travel voucher tax or five hundred dollars, whichever is greater, and a further sum of fifty dollars per day for each day for which the travel voucher tax has not been paid to the Commissioner- General commencing on the second day following the day on which the tax became due, and such additional sums shall be recoverable in the same manner as travel voucher tax.