• +592 227 6060 ext: 8000
  • GUYANA REVENUE AUTHORITY
    Your Partner in Development
Close
Close

Removal of Value-Added Tax From Lubricating Oil

  • Home
  •  / 
  • Latest News
  •  / 
  • Removal of Value-Added Tax From Lubricating Oil

Removal of Value-Added Tax From Lubricating Oil

July 22, 2022

The Guyana Revenue Authority (GRA) wishes to advise all Importers and Licenced Customhouse Brokers that with effect from July 12, 2022, the value-added tax on lubricating oil has been zero-rated upon importation and local sale.

In order to effectuate the new changes, breakouts were created in the ASYCUDA World to guide on the specific HS Codes to be used when processing customs declarations, as indicated below.

Commodity Code Tariff Description VAT Changes
2710197300 Lubricating Oil FROM: 14% | TO: 0%
2710203000 Lubricating Oil FROM: 14% | TO: 0%

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

By Order of the Commissioner-General
Guyana Revenue Authority

About