Guyana VAT / GST

VAT rates and registration

• Standard VAT rate — 14 percent (Value-Added Tax Act 2005 (https://gra.gov.gy/vat-registration/))
• Zero rate — 0 percent (On specified supplies (e.g. exports and certain basic items)) (Value-Added Tax Act 2005 — Schedule of zero-rated supplies (https://gra.gov.gy/vat-registration/))
• Exempt supplies — Certain supplies are exempt (no VAT charged, no input credit) — e.g. specified financial, education, medical and residential supplies (approx — confirm) (Value-Added Tax Act 2005 — Schedule of exempt supplies (https://taxsummaries.pwc.com/guyana/corporate/other-taxes))
• Compulsory registration threshold — 15000000 GYD (Of taxable activity over 12 months (or expected to exceed within a shorter period)) (Value-Added Tax Act 2005 (https://gra.gov.gy/vat-registration/))
• Voluntary registration — Available to persons below the G$15,000,000 threshold (Value-Added Tax Act 2005 (https://gra.gov.gy/vat-registration/))
• Filing frequency — Monthly — VAT return and payment due by the 21st day of the month following the tax period (Value-Added Tax Act 2005 (https://gra.gov.gy/vat-registration/))
• Input tax credit — Registered persons may credit VAT paid on business inputs against output VAT (subject to documentation and exclusions) (approx — confirm) (Value-Added Tax Act 2005 (https://taxdo.com/resources/blog/post/guyana-vat-act-guide-global-businesses))
• Reverse charge on imported services — Recipients of certain imported services must self-account for VAT (reverse charge) where the supplier is non-resident (approx — confirm) (Value-Added Tax Act 2005 (https://taxdo.com/resources/blog/post/guyana-vat-act-guide-global-businesses))
• VAT on imports — 14 percent (VAT charged on the value of imported goods at the point of entry (in addition to applicable duties) (approx — confirm)) (Value-Added Tax Act 2005 (https://gra.gov.gy/vat-registration/))