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%).…
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,…
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…
This policy seeks to clarify the role of a representative of a VAT registrant in keeping with the Value-Added Tax Act, Chapter 81:05. Definition of “Representative” Section 53 (1) of the Value-Added Tax Act, Chapter 81:05 defines “representative” in relation…
The following policy forms the guiding principle with respect to education services and educational material and it provides the comprehensive list of the educational materials that are zero rated. Schedule 1, Paragraph (16) (a) of the Value-Added Tax (VAT) Act…
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…
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…
This policy forms the guiding principle as it relates to Value-Added Tax Exempt items which may be used within the sports sector. Schedule II, Paragraph 5 of the Value-Added Tax Chapter 81:05, states that, “The following supplies of sports gear…
The following forms the guiding principle regarding the application of Value-Added Tax (VAT) on garments produced by local manufacturers. Schedule I of the Value-Added Tax Act Chapter 81:05, provides the list of items zero-rated for VAT purposes. Paragraph 14 (r)…
The following forms the guiding principle regarding the application of Value-Added Tax (VAT) on funeral services and human remains. Schedule II, Paragraph 3 (a) and (b) of the Value-Added Tax Act, Chapter 81:05 exempts domestic services such as funeral services…
