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.
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 two hundred thousand dollars ($200,000). Once issued, the license is valid for one (1) year, commencing January 1st and ending December 31st. The cost of each trade Plate is twenty thousand dollars ($20,000). 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: 1201-1204