The Guyana Revenue Authority continues to sensitise taxpayers, the general-public and other stakeholders on matters pertaining to the various legislations it administers, in order to promote voluntary compliance. In this regard, the following information provides general guidance for obtaining a Dealer’s General Licence.
Section 21 (1) & (3) of the Motor Vehicle and Road Traffic Act, Chapter 51:02 makes provision for the Guyana Revenue Authority, to issue to a dealer in motor vehicle, a Dealer’s General Licence. The licence will allow the approved dealer to use not more than four trade plates.
A Trade plate allows people working in the motor trade, that are in temporary possession of a vehicle (or vehicles), to drive and move them without having to tax and register them first.
APPLICATION FOR DEALERS’ GENERAL LICENCE
In order to acquire a Dealer’s General Licence, the applicant is required to submit a written request to the Senior Manager, Licence Revenue Office located at the Head Office at 200-201 Camp Street South Cummingsburg, and must also complete an application form.
The following information must be included on the Application form:
- The number of vehicles that will be imported annually;
- Type of vehicles;
- The number of trade plates the applicant is desirous of having;
- Whether the business will be a sole trader, partnership or company;
- Taxpayer Identification Number (TIN); and provide
- A copy of the Business Registration/Article of Incorporated
OBLIGATION OF A DEALER
The applicant must pay quarterly advance tax and comply with the requirement to file tax returns in accordance with Section 60 of the Income Tax Act, Chapter 81:01 and pay all taxes due on those returns.
The annual fee for a Dealer’s General Licence is One Hundred and Fifty Thousand Dollars ($150,000). Once issued, the license is valid for one (1) year, commencing January 1st and ending December 31st. The cost of each trade Plate is Fifteen Thousand Dollars ($15,000). The trade plates are issued by the Licence Revenue Division.
Tax Advisory Services Section
Communications & Tax Advisory Services Division
Guyana Revenue Authority
200 -201 Camp Street
Tel: 227-6060 | 227-8222 Ext: 8000
Email: firstname.lastname@example.org | email@example.com