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Tax Policies

Policy 43 – VAT on Rice and Rice Products

The Guyana Revenue Authority continues to provide assistance to the general public on various issues regarding the application of Value Added Tax (VAT). As a result, this policy addresses issues concerning VAT on rice and rice products. Schedule I Paragraph…

Policy 29 – Going Concern

There are a number of supplies which are zero rated by virtue of Schedule 1 of the Value Added Tax (VAT) Act Chapter 81:05. The Guyana Revenue Authority (GRA) continues to simplify issues pertaining to VAT in order to educate…

Policy 55 – VAT on Eggs

The Guyana Revenue Authority continues to provide guidance on the application of Value-Added Tax (VAT) to goods and services. As such, this policy seeks to address issues concerning the supply of eggs. Schedule 1, Paragraph 11 (a) and Paragraph 13…

Mortgage Interest Relief Policy

This policy is intended to offer the guiding principles regarding Mortgage Interest Relief. Section 20A (1) of the Income Tax Act, Chapter 81:01 states that ‘subject to this Act and the Regulations made under it, in ascertaining the chargeable income…