TAX RATES > Guyana Tax Rates


Guyana Tax Rates

Guyana personal Income Tax

There is a standard deduction of G$420,000 per annum, after which the balance of chargeable income is taxed at 33.33%. There are no other allowances.

Basis - Guyana resident individuals are taxed on their worldwide income. Nonresidents are taxed only on Guyana-source income.

Residence - Individuals are resident if they live permanently in Guyana or are present in Guyana and intend to reside there permanently. Temporary absences may be regarded as consistent with such residence.

Individuals who are in Guyana for a total of more than 183 days in a calendar year are also regarded as resident for tax purposes.

Filing status - Joint filing is not permitted. Each individual must file a separate tax return.

Taxable income - Taxable income is the aggregate income from all taxable sources, calculated according to the rules applying to those different sources.

Capital gains - Capital gains are treated as income and taxed at the normal rate if the asset disposed of was held for less than 1 year. Assets held for 25 years or more are not subject to capital gains tax. All other capital gains are subject to tax at a rate of 20%.

Stamp duty - GYD 1 to GYD 300 on documents.

Capital acquisitions tax - No

Inheritance/estate tax - No inheritance tax is levied where the gross value of inherited property does not exceed GYD 100,000. For property with a gross value exceeding that amount, an inheritance tax is levied at an amount of 0.5% of 1% of the gross value exceeding GYD 100,000.

Net wealth/net worth tax - Net wealth/net worth tax is levied on the net value of property. The first GYD 7.5 million is exempt, the next 5 million is subject to a 0.5% rate and the remainder at a 0.75% rate.

Social security - Employers withhold and pay social security contributions under Guyana's National Insurance Scheme. Contributions are levied at a rate of 13% (7.8% for the employer and 5.2% for the employee) on monthly earnings of between GYD 5 and GYD 104,278 (weekly earnings of between GYD 5 and GYD 24,064).

Tax year - Calendar year

Filing and payment - The tax return must be submitted annually by 30 April for income derived in the immediately preceding year of assessment.

Penalties - Fines are imposed for late filing or failure to file.


Guyana Corporate Tax Rates

Guyana company tax rate is 45% for commercial companies and 35% for non-commercial companies.

Tax rate for non commercial companies is 35% of chargeable profit. Losses may be carried forward indefinitely and set off is limited to 50% of the chargeable profits in future years.

Tax rate for commercial companies is 45% of chargeable profits or 2% turnover, whichever is higher. Any payment in excess of 45% of profit is carried forward as a credit to be used to reduce the tax whenever it is higher than 2% turnover. A commercial company means a company of which at least 75% of the gross income is derived from trading in goods not manufactured by it and includes commission agency and any telecommunications company. It also includes Banks and Insurance Companies other than long term Insurance business.


This tax is payable on the net assets of the company as at 1 January each year. Assets which attract wear and tear allowances will be included at their income tax values.

The tax rates on net property are as follows:

- the first G $ 1,500,000 is exempt
- the next G $ 5,000,000 is taxed at 0.5%
- the remainder is taxed at 0.75%

A set off would be granted to investors who hold shares in local companies at the appropriate rate.


The tax rate is 20% on the gain on disposal unless the asset was held for more than 25 years when it becomes exempt. Capital losses are carried forward indefinitely and could be set off against future capital gains until fully recouped. Gain on disposal of investments in local public companies is exempt from tax.


The after tax profits of a branch of a non-resident company is deemed distributable whether distributed or not and will be subject to withholding tax at 20% or at treaty tax rates unless the company has reinvested to the satisfaction of the Commissioner General such profits or any part thereof in Guyana.


There are no specific rules for granting of tax free allowances except overseas travel assistance which is described in the Income Tax Act. In practice, some management staff may obtain car and entertainment allowances but the amount would be limited to 10% of their renumeration in each case.


The tax rate is 20% on the gain unless the asset is held for more than 25 years when the gain will be exempt. Capital losses are carried forward indefinitely until they are fully recouped. There is no limit on the losses to be claimed in each year.


The rates for wear and tear allowances for different categories of assets are as follows:

- aircraft 33.3%
- banks 10%
- furniture and fittings 10%
- motor vehicles 20%
- office equipment - electrical 20%
- other equipment 15%
- plant and machinery 20%
- computers 50%
- buildings (housing machinery) 5% on cost

The claim is computed on a reducing balance basis except as stated otherwise. An accelerated write off is granted to pioneer industries and certain other undertakings. The rates for the initial allowances are:
- plant, equipment and motor vehicles 40%
- industrial buildings 10%

There is aq special regime for gold and diamond mining companies which enjoy a 20% write off on all assets for each year. There is no limit to the carried forward losses to be set off for each year.


Dividends paid to residents are tax free. Dividends paid to non residents are subject to withholding tax at 20% or at tax treaty rates.


Guyana VAT (Value Added Tax) Rates

Guyana VAT rate is 16%, although certain transactions are exempt or zero rated.

VAT is imposed on the supply of goods or services in Guyana and on imports.

VAT Registration - Persons making taxable supplies in excess of GYD 10 million are required to register for VAT purposes.

Filing and payment of VAT - VAT returns and payments are due within 15 days after the end of the period.


Go to Tax Rates Home Page



35 or 45%


Income Tax Rate

Corporate Tax Rate

Sales Tax / VAT Rate

Last Update:  Nov 2010

(This page may show previous year's tax rates. Always check last update time)

Albania Tax RatesALBANIA
Algeria Tax RatesALGERIA
Andorra Tax RatesANDORRA
Angola Tax RatesANGOLA
Anguilla Tax RatesANGUILLA
Antigua & Barbuda Tax RatesANTIGUA & BARBUDA
Argentina Tax RatesARGENTINA
Aruba Tax RatesARUBA
Australia Tax RatesAUSTRALIA
Austria Tax RatesAUSTRIA
Azerbaijan Tax RatesAZERBAIJAN
Bahamas Tax RatesBAHAMAS
Bahrain Tax RatesBAHRAIN
Bangladesh Tax RatesBANGLADESH
Barbados Tax RatesBARBADOS
Belarus Tax RatesBELARUS
Belgium Tax RatesBELGIUM
Belize Tax RatesBELIZE
Benin Tax RatesBENIN
Bermuda Tax RatesBERMUDA
Bosnia & Herzegovina Tax RatesBOSNIA & HERZEGOVINA
Botswana Tax RatesBOTSWANA
Brazil Tax RatesBRAZIL
British Virgin Islands Tax RatesBRITISH VIRGIN ISLANDS
Brunei Tax RatesBRUNEI
Bulgaria Tax RatesBULGARIA
Burkina Faso Tax RatesBURKINA FASO
Burma Tax RatesBURMA
Burundi Tax RatesBURUNDI
Cambodia Tax RatesCAMBODIA
Cameroon Tax RatesCAMEROON
Canada Tax RatesCANADA
Cape Verde Tax RatesCAPE VERDE
Cayman Islands Tax RatesCAYMAN ISLANDS
Central African Republic Tax RatesCENTRAL AFRICAN REP.
Chad Tax RatesCHAD
Chile Tax RatesCHILE
China Tax RatesCHINA
Colombia Tax RatesCOLOMBIA
Comoros Tax RatesCOMOROS
Democratic Republic of Congo Tax RatesCONGO, DEM. REPUBLIC
Republic of Congo Tax RatesCONGO, REPUBLIC OF
Cook Islands Tax RatesCOOK ISLANDS
Costa Rica Tax RatesCOSTA RICA
Cote d'Ivoire Tax Rates Ivory CoastCOTE D'IVOIRE
Croatia Tax RatesCROATIA
Cuba Tax RatesCUBA
Curaçao Tax Rates - Curacao Tax RatesCURAÇAO
Cyprus Tax RatesCYPRUS
Czech Republic Tax RatesCZECH REPUBLIC
Denmark Tax RatesDENMARK
Djibouti Tax RatesDJIBOUTI
Dominica Tax RatesDOMINICA
Dominican Republic Tax RatesDOMINICAN REPUBLIC
Ecuador Tax RatesECUADOR
Egypt Tax RatesEGYPT
El Salvador Tax RatesEL SALVADOR
Equatorial Guinea Tax RatesEQUATORIAL GUINEA
Estonia Tax RatesESTONIA
Fiji Tax RatesFIJI
Finland Tax RatesFINLAND
France Tax RatesFRANCE
French Polynesia Tax RatesFRENCH POLYNESIA
Gambia Tax RatesGAMBIA
Georgia Tax RatesGEORGIA
Germany Tax RatesGERMANY
Ghana Tax RatesGHANA
Gibraltar Tax RatesGIBRALTAR
Greece Tax RatesGREECE
Grenada Tax RatesGRENADA
Guatemala Tax RatesGUATEMALA
Guernsey Tax RatesGUERNSEY
Guyana Tax RatesGUYANA
Honduras Tax RatesHONDURAS
Hong Kong Tax RatesHONG KONG
Hungary Tax RatesHUNGARY
Iceland Tax RatesICELAND
India Tax RatesINDIA
Indonesia Tax RatesINDONESIA
Iran Tax RatesIRAN
Ireland Tax RatesIRELAND
Isle of Man Tax RatesISLE OF MAN
Israel Tax RatesISRAEL
Italy Tax RatesITALY
Ivory Coast Tax RatesIVORY COAST
Jamaica Tax RatesJAMAICA
Japan Tax RatesJAPAN
Jersey Tax RatesJERSEY
Jordan Tax RatesJORDAN
Kazakhstan Tax RatesKAZAKHSTAN
Kenya Tax RatesKENYA
Kuwait Tax RatesKUWAIT
Latvia Tax RatesLATVIA
Lebanon Tax RatesLEBANON
Lithuania Tax RatesLITHUANIA
Luxembourg Tax RatesLUXEMBOURG
Macau Tax RatesMACAU
Madagascar Tax RatesMADAGASCAR
Madeira Tax RatesMADEIRA
Malawi Tax RatesMALAWI
Malaysia Tax RatesMALAYSIA
Maldives Tax RatesMALDIVES
Malta Tax RatesMALTA
Mauritius Tax RatesMAURITIUS
Mexico Tax RatesMEXICO
Moldova Tax RatesMOLDOVA
Monaco Tax RatesMONACO
Montenegro Tax RatesMONTENEGRO
Morocco Tax RatesMOROCCO
Mozambique Tax RatesMOZAMBIQUE
Myanmar Tax RatesMYANMAR
Namibia Tax RatesNAMIBIA
Nepal Tax RatesNEPAL
Netherlands Tax RatesNETHERLANDS
Netherlands Antilles Tax RatesNETHERLANDS ANTILLES
New Zealand Tax RatesNEW ZEALAND
Nicaragua Tax RatesNICARAGUA
Nigeria Tax RatesNIGERIA
Norway Tax RatesNORWAY
Oman Tax RatesOMAN
Pakistan Tax RatesPAKISTAN
Palestine Tax RatesPALESTINE
Panama Tax RatesPANAMA
Papua New Guinea Tax RatesPAPUA NEW GUINEA
Paraguay Tax RatesPARAGUAY
Peru Tax RatesPERU
Philippines Tax RatesPHILIPPINES
Poland Tax RatesPOLAND
Portugal Tax RatesPORTUGAL
Puerto Rico Tax RatesPUERTO RICO
Qatar Tax RatesQATAR
Romania Tax RatesROMANIA
Russia Tax RatesRUSSIA
Rwanda Tax RatesRWANDA
Saudi Arabia Tax RatesSAUDI ARABIA
Senegal Tax RatesSENEGAL
Serbia Tax RatesSERBIA
Sierra Leone Tax RatesSIERRA LEONE
Singapore Tax RatesSINGAPORE
Slovakia Tax RatesSLOVAKIA
Slovenia Tax RatesSLOVENIA
South Africa Tax RatesSOUTH AFRICA
South Korea Tax RatesSOUTH KOREA
Spain Tax RatesSPAIN
Sri Lanka Tax RatesSRI LANKA
Swaziland Tax RatesSWAZILAND
Sweden Tax RatesSWEDEN
Switzerland Tax RatesSWITZERLAND
Syria Tax RatesSYRIA
Taiwan Tax RatesTAIWAN
Tanzania Tax RatesTANZANIA
Thailand Tax RatesTHAILAND
Tunisia Tax RatesTUNISIA
Turkey Tax RatesTURKEY
Turks and Caicos Tax RatesTURKS AND CAICOS
Uganda Tax RatesUGANDA
Ukraine Tax RatesUKRAINE
United Arab Emirates Tax RatesUNITED ARAB EMIRATES
UK Tax Rates United KingdomUNITED KINGDOM
US Tax Rates United StatesUNITED STATES
Uruguay Tax RatesURUGUAY
Uzbekistan Tax RatesUZBEKISTAN
Vanuatu Tax RatesVANUATU
Venezuela Tax RatesVENEZUELA
Vietnam Tax RatesVIETNAM
West Bank Tax RatesWEST BANK
Yemen Tax RatesYEMEN
Zambia Tax RatesZAMBIA
Zimbabwe Tax RatesZIMBABWE

Tax Rates
Tax Rates
Global Average Tax Rates
Historical Tax Rates
Tax News
Tax Videos
Tax Articles
IRS Tax Forms

© 2009-2012
2011 - 2012 Tax Rate Guide and Tax Help Website