Individuals who are resident in Guyana are subject to tax on their worldwide income. A non-resident individual is only liable to tax on income derived from Guyana. A temporary resident is not liable to tax on income arising abroad, whether received in Guyana or not.
Income is defined under the Act as any gains or profits from any trade, business, profession, or vocation for whatever period of time it may have been carried on or exercised in Guyana.
Personal income tax rates
Income in excess of the personal allowance of GYD 720,000 is taxed at the rate of 28%. Individuals earning in excess of GYD 180,000 per month (GYD 2.16 million per annum) are taxed at the rate of 40%.