Source-cited draft: tax overview for Guyana (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Every figure is drawn from this Tax Guide and cited to its source.
Tax (income) year
Calendar year, 1 January to 31 DecemberIncome Tax Act (Cap 81:01)View source ↗
Currency
Guyanese dollar (GYD / G$)Bank of Guyana / Income Tax Act (Cap 81:01)
Tax authority
Guyana Revenue Authority (GRA), headed by the Commissioner-GeneralRevenue Authority ActView source ↗
Basis of taxation
Source-based; income arising in or derived from Guyana is taxable. Residents are taxed on Guyana-source income (foreign income generally taxed when remitted/received in Guyana). ((approx — confirm))Income Tax Act (Cap 81:01)View source ↗
Headline personal income tax rates
25% on first G$3,120,000 of chargeable income annually; 35% on the excessIncome Tax Act (Cap 81:01) / Budget 2025View source ↗
Headline corporate income tax rates
Commercial companies 40%; non-commercial companies 25%Corporation Tax Act (Cap 81:03)View source ↗
Does VAT exist?
Yes — Value-Added Tax at a standard rate of 14% (and 0% zero-rating)Value-Added Tax Act 2005View source ↗
Main annual income/corporation tax filing deadline
30 April following the income year (both individuals and companies)Income Tax Act (Cap 81:01) / Corporation Tax Act (Cap 81:03)View source ↗
Capital gains tax
20% on net chargeable gains; assets held under 12 months taxed as ordinary incomeCapital Gains Tax Act (Cap 81:20)View source ↗
Social security
National Insurance Scheme (NIS) — total 14% of insurable earnings (8.4% employer, 5.6% employee)National Insurance and Social Security Act (Cap 36:01)View source ↗
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Guyana operates a source-based income tax system administered by the Guyana Revenue Authority (GRA). Personal and corporate income taxes, VAT, and National Insurance (NIS) contributions are the main charges. Figures below reflect the 2025 tax year and Budget 2025 changes.
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Other Guyana computations in the OpenAccountants Tax Library.