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Reduction of Excise Tax on Fuel

Reduction of Excise Tax on Fuel

January 31, 2022

The Guyana Revenue Authority wishes to advise importers and brokers, that the Government of Guyana has approved the further reduction of Excise Tax on the importation of fuel. This measure took effect from Thursday, January 27, 2022. Therefore, in accordance with the Excise Tax Act, Chapter 82:03, the importation of fuel now attracts Excise Tax at the rate of ten percent (10%) under the following Harmonized System (HS) Codes:

HS Code Item From To
2710.12.20.00 Gasoline 20% 10%
2710.20.10.00 Gasoline 20% 10%
2710.19.30.00 Diesel 20% 10%

ASYCUDA World has been updated accordingly to facilitate applications of the new rates.

For additional information contact the ASYCUDA World National Project Team (AW/NPT) on 227-6060 | 227-8222 ext: 3633 or email at taxadvisory@gra.gov.gy.