Motor Vehicle-Transfer of Registration

The Guyana Revenue Authority (GRA) wishes to advise the general public that the process for Motor Vehicle transfers (effective February 1, 2017), has been simplified. Taxpayers are asked to note that the new requirements for transferring a motor vehicle are:

SALE
1. Completed application form
2. Original motor vehicle registration
3. Vendor’s and Purchaser’s TIN and copy of their IDs
4. Copy of agreement of sale and purchase

GIFT
1. Completed application form
2. Original motor vehicle registration
3. Donor’s and donee’s TIN and copy of their IDs
4. Deed of Gift

The following are no longer required: -
1. A valuation of the vehicle
2. A copy of the acquisition receipt/receipt of purchase

The License Revenue Division (LRD) however reserves the right to determine the value of the vehicle in cases where the selling price appears not to be the market value of the vehicle being sold.

Taxpayers are also reminded that they are still required to comply with their Capital Gains Tax obligations regarding the transfer of Motor Vehicles.

 

Godfrey Statia
Commissioner -General