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Policy: Dealers’ General Licence (Revised January 19, 2022)

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Policy: Dealers’ General Licence (Revised January 19, 2022)

February 11, 2022

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.

DEFINITION

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.

LICENCE FEES

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.

Contact Us:
Tax Advisory Services Section
Communications & Tax Advisory Services Division
Guyana Revenue Authority
200 -201 Camp Street
Georgetown
Guyana
Tel: 227-6060 | 227-8222 Ext: 8000
Email: taxadvisory@gra.gov.gy | gravat@gra.gov.gy
Website: www.gra.gov.gy

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