Guyana Tax Overview

The system at a glance

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.

• Tax (income) year — Calendar year, 1 January to 31 December (Income Tax Act (Cap 81:01))
• Currency — Guyanese dollar (GYD / G$) (Bank of Guyana / Income Tax Act (Cap 81:01))
• Tax authority — Guyana Revenue Authority (GRA), headed by the Commissioner-General (Revenue Authority Act)
• 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))
• Headline personal income tax rates — 25% on first G$3,120,000 of chargeable income annually; 35% on the excess percent (Income Tax Act (Cap 81:01) / Budget 2025)
• Headline corporate income tax rates — Commercial companies 40%; non-commercial companies 25% percent (Corporation Tax Act (Cap 81:03))
• Does VAT exist? — Yes — Value-Added Tax at a standard rate of 14% (and 0% zero-rating) (Value-Added Tax Act 2005)
• 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))
• Capital gains tax — 20% on net chargeable gains; assets held under 12 months taxed as ordinary income percent (Capital Gains Tax Act (Cap 81:20))
• Social security — National Insurance Scheme (NIS) — total 14% of insurable earnings (8.4% employer, 5.6% employee) percent (National Insurance and Social Security Act (Cap 36:01))