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[EN] Guyana Summary 2022
03 Aug 2022
As of January 1, 2022, the Guyana tax legislation has seen some changes which were enacted by the Fiscal Enactments (Amendment) Act 2022. The tax measures are among others:
- The cranes, safety equipment, and oil spill response equipment are exempt from VAT.
- The 2% withholding tax on payments made to Guyana resident contractors has been eliminated.
- The portion of income subject to 28% has been increased from GYD 1,560,000 (USD 7,413) to GYD 1,800,000 (USD 8,522).
In this document, we provide you with an updated summary of the applicable taxes in Guyana such as the corporation tax, withholding taxes, VAT, and import duties.
[EN] Guyana Summary 2022