The Guyana Revenue Authority (GRA) has implemented the new budget measures on motor vehicles for re-migrants, double cab and single cab pickups, new motor trucks of any tonnage for the transport of goods, new haulers or similar vehicles used for the pulling of goods, cranes, safety equipment, and oil spill equipment when imported.

Value-Added Tax – Removal of value-added tax from the following categories:

1. NEW motor trucks of any tonnage used in the transport of goods,
2. NEW haulers or similar vehicles used for pulling of containers,
3. Cranes, and
4. Safety equipment and oil spill equipment when imported for use in the various industries, subject to the satisfaction of the Commissioner-General.

Excise Tax – Reduction in excise tax as follows:

Re-migrants – Section 23 of the Customs Act was amended as follows:

1. Removal of the G$5M in total tax credit for motor vehicles imported by Re-migrants. Previously, once the vehicle taxes exceeded $5M, the balance taxes were due and payable.
2. Imposing a limit of one motor vehicle for a Re-migrant
3. Motor vehicles up to 1800cc will now pay 5% of the CIF
4. Motor vehicles above 1800cc will now pay 10% of the CIF.

The exemptions took effect from February 11, 2022, and will result in the reduction of excise tax in some cases and the exemption of value-added tax in others.

In effectuating the new changes, breakouts were created and have been published in ASYCUDA World system.  It will guide Importers and Licensed Customhouse Brokers to the specific HS Codes to be used when processing customs declarations.

If you require any clarification or assistance please make contact Customs, Excise  & Trade Operations at  227-6060 Ext 2601 for further guidance.

By Order of the Commissioner-General

Guyana Revenue Authority