Your Partner in Development

Tax Policies

Policy 63 – VAT and Time Supply

In a continued effort to provide guidance and quality service to stakeholders and the general public on various issues regarding the application of Value-Added Tax (VAT), the Guyana Revenue Authority has prepared this policy to offer clarification on matters regarding…

Policy 66 – VAT on Spectacles

The Guyana Revenue Authority (GRA), in its continued effort to sensitize the public on matters of interest, has prepared the following policy to provide guidance on Value-Added Tax (VAT) on Spectacles. According to the Concise Oxford English Dictionary, spectacles are…

Policy 10 – VAT Refunds (Revised Feb 15, 2023)

The following is the Guyana Revenue Authority’s Value-Added Tax (VAT) guiding principle in relation to application for refunds. Many taxpayers have been querying whether they are required to apply to the VAT Department each month for refunds in respect of…

Income Tax Rates & Threshold

Year of Income (YI) Year of Assessment (YA)  (Personal Allowance) Amount of Deduction NIS Medical & Life Insurance Premium Threshold Rates on Chargeable Income 2007 2008 $336,000 33 1/3% 2008 2009 $420,000 33 1/3% 2009 2010 $420,000 33 1/3% 2010…