The importation of Cars, Vans, Buses, Pickups, and SUVs.

The below table illustrates the formula for calculating the Customs Duty, VAT and Excise Tax on motor vehicles based on their engine capacity. 

Each category (1000cc up to 1500cc) has a standard Excise Tax Rate and Standard duty. NO VAT is charged on motor vehicles four years and older.

CATEGORY OF VEHICLES (CC) DUTIES EXCISE TAX VALUE ADDED TAX (VAT) FORMULA
Vehicles NOT exceeding 1000cc 10% US$4,200 0% Excise Tax – US$4,200
Customs Duties – 10%
((CIF + Excise Tax) * Duties ) + Excise Tax)(US$4,000 + US$4,200) * 10%) + US$4,200((US$8,200) *10%) + US$4,200((US$820) + US$4,200Total taxes payable= US$5,020 or G$1,036,630
Vehicles exceeding 1000cc up to 1500cc 10% US$4,300 0% ((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$4,300) * 10%) + US$4,300

((US$8,300) *10%) + US$4,200

((US$830) + US$4,200

Total taxes payable= US$5,030 or G$1,038,695

Vehicles exceeding 1500cc up to 1800cc 30% US$6,000 0% ((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$6,000) * 30%) + US$6,000

((US$10,000) *30%) + US$6,000

((US$3000) + US$6,000

Total taxes payable= US$9,000 or G$1,858,500

Vehicles exceeding 1800cc up to 2000cc 30% US$6,500 0% ((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$6,500) * 30%) + US$6,500

((US$10,500) *30%) + US$6,500

((US$3,150) + US$6,500

Total taxes payable= US$9,650 or G$1,992,725

Vehicles exceeding 2000cc up to 3000cc 70% US$13,500 0% ((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$13,500) * 70%) + US$13,500

((US$17,500) *70%) + US$13,500

((US$12,250) + US$13,500

Total taxes payable= US$25,750 or G$5,317,375

Vehicles exceeding 3000cc 100% US$14,500 0% ((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$14,500) * 100%) + US$14,500

((US$18,500) *100%) + US$14,500

((US$18,500) + US$14,500

Total taxes payable= US$33,000 or G$6,814,500

Any VAT Registrant that thinks an incorrect assessment/decision with respect to Value Added Tax was made by the Commissioner-General can file an objection with the VAT Board of Review.

An objection must be lodged with the Commissioner- General, in writing, outlining the grounds for the said objection (s). Additionally, the objection must be made within twenty (20) days after the serving of the notice / decision.

The Commissioner may extend the time line for an objection if he is satisfied that the person making the objection was unable to do so after the service of the notice of assessment/ decision within the twenty (20) day stipulation, due to his/her/its absence from Guyana, sickness or any other reasonable cause.

For quicker calculations on the applicable duties and taxes, use the Motor Vehicle Calculator

The following serves as a guide for persons importing motor vehicles UNDER FOUR YEARS.

Taxpayers are reminded that the Excise Tax Rates for “some” categories of motor vehicles under four years have been REDUCED. As such, the calculations provided are based on these rates. Additionally, the following are based on manufacture year of 2015 and a CIF Value of US$6,000:

Year: 2016
Estimated:  Cost, Insurance  Freight (CIF) Value: US$6,000.00 or G$1,239,000.00
Current Exchange Rate: 206.50

CATEGORY OF VEHICLES (CC) DUTIES EXCISE TAX VALUE ADDED TAX (VAT) FORMULA
Vehicles NOT exceeding 1500cc 45% 0% 14% Duty – 45% of CIF (US$6,000) = US$2,700
Excise Tax – 0% of Duty + CIF = $0
VAT – 14% (CIF+Duties+Excise Tax) = US$1,218Therefore: 14% (US$6,000 + US$2,700+ $0) = US$1,218Total taxes payable = (Duties + Excise Tax + VAT)
(US$2,700 + US$1,218)TOTAL – US$3,918 OR G$809,067
Vehicles exceeding 1500cc up to 1800cc 45% 10% 14% Duty – 45% of CIF = US$2,700
Excise Tax – 10% of Duty + CIF = US$870
VAT – 14% (CIF+Duties+Excise Tax) = US$1,339.8
Total taxes payable = (Duties + Excise Tax + VAT)
(US$2,700 + US$870+ US$1,339.8)TOTAL – US$4,909.8 OR G$1,013,873.7
Vehicles exceeding 1800cc up to 2000cc 45% 10% 14% Duty – 45% of CIF = US$2,700
Excise Tax – 10% of Duty + CIF = US$870
VAT – 14% (CIF+Duties+Excise Tax) = US$1,339.8
Total taxes payable = (Duties + Excise Tax + VAT)
(US$2,700 + US$870+ US$1,339.8)TOTAL – US$4,909.8 OR G$1,013,873.7
Vehicles exceeding 2000cc up to 3000cc 45% 110% 14% Duty – 45% of CIF = US$2,700
Excise Tax – 110% of Duty + CIF = US$9,570
VAT – 14% (CIF+Duties+Excise Tax) = US$2,557.8
Total taxes payable = (Duties + Excise Tax + VAT)
(US$2,700+ US$9,570+ US$2,557.8)TOTAL – US$14,827.8 OR G$3,061,940.7
Vehicles exceeding 3000cc  

45%

 

140%

 

14%

Duty – 45% of CIF = US$2,700
Excise Tax – 140% of Duty + CIF = US$12,180
VAT – 14% (CIF+Duties+Excise Tax) = US$2,923.2
Total taxes payable = (Duties + Excise Tax + VAT)
(US$2,700+ US$12,180+ US$2,923.2)TOTAL – US$17,803.2 OR G$3,676,360.8