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Tax Policies

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Policy 25 – VAT ‘Tax Fraction’

The GRA wishes to provide guidance to our stakeholders (business and consumers) on how to use the Value-Added Tax (VAT) “Tax Fraction”. With effect from 2016 the rate of VAT was reduced to fourteen percent (14%) from sixteen percent (16%).…

Policy 6 – VAT and Capital Equipment

The Guyana Revenue Authority in an effort to sensitize the public on legislative changes, has prepared the Value-Added Tax (VAT) on Capital Equipment and Machinery policy. Section 2 of the VAT Act Chapter 81:05 defines capital goods as “an asset,…

Policy 17 – VAT and Fishing Sector

The Guyana Revenue Authority continues to provide assistance to the general public on various issues regarding the application of Value-Added Tax (VAT). This policy addresses VAT and the Fishing Sector. ZERO-RATED Schedule I, Paragraph 2 (c) of the VAT Act…

Policy 56 – VAT on Meat

The Guyana Revenue Authority continues to outline the application of Value-Added Tax (VAT) to specific goods and services. This policy therefore outlines the guidelines with respect to the application on the supply of various types of meats. Schedule I, Paragraph…

Policy 45 – VAT on Porridge Products

The Guyana Revenue Authority continues to provide assistance to the general public on different issues regarding the application of Value- Added Tax (VAT) on specific items in Schedule I of the VAT Act, Chapter 81:05, which lists goods and services…
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